Donegal Group Inc. Class A (NASDAQ:DGICA) Director Patricia A. Gilmartin sold 8,229 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $14.65, for a total value of $120,554.85. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at $7,325. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Donegal Group Inc. Class A stock opened at $14.43 on Friday. Donegal Group Inc. Class A has a one year low of $13.27 and a one year high of $18.25. The stock has a market capitalization of $406.26 million, a P/E ratio of 48.10 and a beta of 0.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.43 and a quick ratio of 0.43.

Donegal Group Inc. Class A (NASDAQ:DGICA) last issued its earnings results on Monday, July 30th. The insurance provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Donegal Group Inc. Class A had a negative return on equity of 2.36% and a negative net margin of 1.92%. The business had revenue of $194.27 million during the quarter, compared to analyst estimates of $195.50 million. analysts expect that Donegal Group Inc. Class A will post -0.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were given a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, July 31st. Donegal Group Inc. Class A’s payout ratio is 190.00%.

A number of brokerages recently commented on DGICA. BidaskClub raised Donegal Group Inc. Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Boenning Scattergood reaffirmed a “hold” rating on shares of Donegal Group Inc. Class A in a research report on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.00.

Institutional investors and hedge funds have recently modified their holdings of the business. ZPR Investment Management bought a new stake in Donegal Group Inc. Class A during the 1st quarter worth approximately $178,000. Citadel Advisors LLC bought a new stake in Donegal Group Inc. Class A during the 2nd quarter worth approximately $213,000. Schwab Charles Investment Management Inc. increased its holdings in Donegal Group Inc. Class A by 37.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 43,302 shares of the insurance provider’s stock worth $685,000 after purchasing an additional 11,856 shares in the last quarter. Arnhold LLC bought a new stake in Donegal Group Inc. Class A during the 1st quarter worth approximately $898,000. Finally, Deutsche Bank AG increased its holdings in Donegal Group Inc. Class A by 93.0% during the 4th quarter. Deutsche Bank AG now owns 85,808 shares of the insurance provider’s stock worth $1,481,000 after purchasing an additional 41,337 shares in the last quarter. 30.88% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Inc. Class A 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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