Janney Montgomery Scott LLC Acquires 7,200 Shares of Donegal Group Inc. (NASDAQ:DGICA)

Janney Montgomery Scott LLC increased its holdings in Donegal Group Inc. (NASDAQ:DGICAGet Rating) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,908 shares of the insurance provider’s stock after buying an additional 7,200 shares during the period. Janney Montgomery Scott LLC owned 0.40% of Donegal Group worth $1,739,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in Donegal Group by 58.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 707 shares during the period. Keeley Teton Advisors LLC boosted its holdings in Donegal Group by 1.4% in the 2nd quarter. Keeley Teton Advisors LLC now owns 90,085 shares of the insurance provider’s stock valued at $1,536,000 after purchasing an additional 1,253 shares during the period. Martingale Asset Management L P boosted its holdings in Donegal Group by 4.2% in the 2nd quarter. Martingale Asset Management L P now owns 35,356 shares of the insurance provider’s stock valued at $604,000 after purchasing an additional 1,418 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Donegal Group by 55.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,545 shares of the insurance provider’s stock worth $77,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Donegal Group by 18.0% during the 1st quarter. Engineers Gate Manager LP now owns 14,231 shares of the insurance provider’s stock worth $191,000 after acquiring an additional 2,175 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Insider Activity at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal bought 6,264 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was bought at an average cost of $14.74 per share, for a total transaction of $92,331.36. Following the acquisition, the insider now directly owns 11,325,226 shares of the company’s stock, valued at approximately $166,933,831.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Donegal Group news, major shareholder Mutual Insurance Co Donegal acquired 6,264 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was acquired at an average price of $14.74 per share, for a total transaction of $92,331.36. Following the acquisition, the insider now owns 11,325,226 shares in the company, valued at approximately $166,933,831.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Dean Miller sold 45,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $15.40, for a total value of $693,000.00. Following the completion of the sale, the chief financial officer now owns 18,287 shares of the company’s stock, valued at approximately $281,619.80. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 125,302 shares of company stock worth $1,906,641 and sold 107,294 shares worth $1,630,171. 10.03% of the stock is currently owned by company insiders.

Donegal Group Price Performance

Shares of NASDAQ:DGICA opened at $15.21 on Monday. The company’s fifty day moving average is $14.72 and its 200 day moving average is $14.83. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 52 week low of $13.05 and a 52 week high of $17.13. The stock has a market cap of $493.84 million, a PE ratio of 1,522.52 and a beta of 0.02.

Donegal Group (NASDAQ:DGICAGet Rating) last released its earnings results on Thursday, October 27th. The insurance provider reported ($0.27) earnings per share for the quarter. The company had revenue of $215.20 million during the quarter. Donegal Group had a negative net margin of 0.02% and a positive return on equity of 1.43%.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, January 31st. Donegal Group’s dividend payout ratio is presently 6,606.61%.

Wall Street Analyst Weigh In

DGICA has been the subject of a number of research analyst reports. TheStreet downgraded shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Wednesday, December 14th. StockNews.com downgraded shares of Donegal Group from a “buy” rating to a “hold” rating in a report on Saturday, November 5th.

Donegal Group Company Profile

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Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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.

See Also

Institutional Ownership by Quarter for Donegal Group (NASDAQ:DGICA)

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