Donegal Group (NASDAQ:DGICA) Sets New 1-Year High – What’s Next?

Donegal Group Inc. (NASDAQ:DGICA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $19.79 and last traded at $19.63, with a volume of 114035 shares. The stock had previously closed at $19.41.

Donegal Group Stock Down 1.0 %

The stock has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $15.84. The firm has a market cap of $696.03 million, a PE ratio of 12.85 and a beta of -0.04. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.30 by $0.39. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The company had revenue of $249.70 million during the quarter, compared to analysts’ expectations of $250.61 million. As a group, sell-side analysts expect that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Donegal Group news, EVP William Daniel Delamater sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total value of $213,240.00. Following the completion of the transaction, the executive vice president now owns 1,495 shares of the company’s stock, valued at $26,566.15. The trade was a 88.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Wayne Sponic sold 5,537 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $18.17, for a total transaction of $100,607.29. Following the sale, the senior vice president now owns 2,006 shares in the company, valued at approximately $36,449.02. This trade represents a 73.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 105,908 shares of company stock worth $1,865,086 and have sold 47,119 shares worth $845,651. 6.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Donegal Group by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock valued at $3,647,000 after acquiring an additional 130,489 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Donegal Group by 29.5% in the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider’s stock valued at $6,638,000 after purchasing an additional 97,795 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Donegal Group by 351.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 107,951 shares of the insurance provider’s stock valued at $1,670,000 after purchasing an additional 84,029 shares during the last quarter. Millennium Management LLC raised its position in Donegal Group by 170.8% in the 4th quarter. Millennium Management LLC now owns 103,296 shares of the insurance provider’s stock worth $1,598,000 after purchasing an additional 65,146 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Donegal Group by 137.8% in the fourth quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider’s stock worth $1,615,000 after purchasing an additional 60,491 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.