Jack Lee Hess Acquires 3,000 Shares of Donegal Group Inc. (DGICA) Stock

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Donegal Group Inc. (NASDAQ:DGICA) Director Jack Lee Hess bought 3,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $13.71 per share, for a total transaction of $41,130.00. Following the completion of the acquisition, the director now directly owns 11,963 shares of the company’s stock, valued at approximately $164,012.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:DGICA opened at $13.82 on Friday. The company has a market capitalization of $388.43 million, a P/E ratio of 46.07 and a beta of 0.39. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.15. Donegal Group Inc. has a 1 year low of $13.02 and a 1 year high of $18.25.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Tuesday, October 30th. The insurance provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The firm had revenue of $196.44 million during the quarter, compared to the consensus estimate of $195.80 million. Donegal Group had a negative net margin of 2.65% and a negative return on equity of 4.16%. As a group, equities analysts predict that Donegal Group Inc. will post -0.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.1425 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.57 dividend on an annualized basis and a yield of 4.12%. Donegal Group’s dividend payout ratio (DPR) is 190.00%.

DGICA has been the topic of a number of recent analyst reports. BidaskClub raised shares of Donegal Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Zacks Investment Research cut shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 25th. Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a research note on Wednesday, October 31st. Finally, ValuEngine raised shares of Donegal Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.

A number of large investors have recently made changes to their positions in DGICA. OLD Republic International Corp increased its stake in Donegal Group by 29.1% in the second quarter. OLD Republic International Corp now owns 616,100 shares of the insurance provider’s stock valued at $8,385,000 after acquiring an additional 139,000 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Donegal Group by 36.4% during the third quarter. Deprince Race & Zollo Inc. now owns 395,875 shares of the insurance provider’s stock worth $5,625,000 after buying an additional 105,703 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Donegal Group by 104.8% during the first quarter. Allianz Asset Management GmbH now owns 150,687 shares of the insurance provider’s stock worth $2,381,000 after buying an additional 77,097 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Donegal Group by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,794,145 shares of the insurance provider’s stock worth $24,418,000 after buying an additional 51,117 shares during the last quarter. Finally, Philadelphia Trust Co. grew its stake in shares of Donegal Group by 6.0% during the second quarter. Philadelphia Trust Co. now owns 673,432 shares of the insurance provider’s stock worth $9,165,000 after buying an additional 38,064 shares during the last quarter. 31.25% of the stock is currently owned by institutional investors and hedge funds.

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Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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