Donegal Group, Inc. (NASDAQ:DGICA) Director Jack Lee Hess bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $16.98 per share, with a total value of $16,980.00. Following the purchase, the director now directly owns 4,489 shares of the company’s stock, valued at $76,223.22. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Jack Lee Hess also recently made the following trade(s):
- On Thursday, November 2nd, Jack Lee Hess acquired 2,000 shares of Donegal Group stock. The stock was purchased at an average cost of $16.78 per share, with a total value of $33,560.00.
Shares of Donegal Group, Inc. (DGICA) traded up $0.13 during trading on Wednesday, reaching $17.11. The company had a trading volume of 34,300 shares, compared to its average volume of 28,929. The company has a market capitalization of $465.76, a price-to-earnings ratio of 36.91 and a beta of 0.28. Donegal Group, Inc. has a 1-year low of $14.49 and a 1-year high of $18.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.16.
Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $185.72 million for the quarter, compared to analyst estimates of $187.60 million. Donegal Group had a return on equity of 2.81% and a net margin of 2.13%. research analysts anticipate that Donegal Group, Inc. will post 0.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.27%. Donegal Group’s dividend payout ratio (DPR) is currently 98.25%.
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Several research analysts recently issued reports on DGICA shares. TheStreet cut Donegal Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $18.00 target price on Donegal Group and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Boenning Scattergood raised Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 31st. Finally, BidaskClub raised Donegal Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.67.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in Donegal Group by 45.8% during the second quarter. Russell Investments Group Ltd. now owns 7,636 shares of the insurance provider’s stock worth $121,000 after acquiring an additional 2,400 shares during the period. Rhumbline Advisers raised its stake in shares of Donegal Group by 0.4% in the second quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock valued at $176,000 after buying an additional 40 shares during the period. Hancock Holding Co. raised its stake in shares of Donegal Group by 4.4% in the second quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock valued at $182,000 after buying an additional 480 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Donegal Group by 78.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock valued at $189,000 after buying an additional 5,203 shares during the period. Finally, Swiss National Bank raised its stake in shares of Donegal Group by 15.6% in the first quarter. Swiss National Bank now owns 15,600 shares of the insurance provider’s stock valued at $275,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 29.73% of the company’s stock.
Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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