Donegal Group (NASDAQ:DGICA) Sees Large Volume Increase – Should You Buy?

Donegal Group Inc. (NASDAQ:DGICA) shares saw an uptick in trading volume on Monday . 101,967 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 58,288 shares.The stock last traded at $15.98 and had previously closed at $15.98.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

Donegal Group Trading Down 0.1 %

The firm has a market cap of $556.91 million, a price-to-earnings ratio of 21.63 and a beta of -0.06. The business’s 50 day moving average price is $15.15 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.172 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.19%. Donegal Group’s payout ratio is 90.79%.

Insider Activity at Donegal Group

In other news, VP Vincent Anthony Viozzi sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $15.24, for a total transaction of $457,200.00. Following the completion of the transaction, the vice president now directly owns 9,891 shares of the company’s stock, valued at approximately $150,738.84. This represents a 75.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry C. Huber sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.70, for a total value of $70,650.00. Following the completion of the sale, the director now directly owns 14,867 shares in the company, valued at approximately $233,411.90. This trade represents a 23.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 268,216 shares of company stock valued at $4,169,470 and have sold 124,266 shares valued at $1,932,589. Corporate insiders own 6.63% of the company’s stock.

Hedge Funds Weigh In On Donegal Group

Institutional investors have recently modified their holdings of the company. Innealta Capital LLC bought a new position in Donegal Group in the 2nd quarter worth approximately $27,000. Martingale Asset Management L P grew its stake in shares of Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 902 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 2,250 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Donegal Group during the second quarter valued at $448,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 19,707 shares in 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.