SG Americas Securities LLC Purchases New Holdings in Donegal Group Inc. (NASDAQ:DGICA)

SG Americas Securities LLC purchased a new stake in shares of Donegal Group Inc. (NASDAQ:DGICAFree Report) in the fourth quarter, Holdings Channel reports. The firm purchased 8,862 shares of the insurance provider’s stock, valued at approximately $124,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DGICA. Advisor Group Holdings Inc. increased its position in shares of Donegal Group by 120.7% during the first quarter. Advisor Group Holdings Inc. now owns 11,521 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 6,300 shares during the last quarter. Swiss National Bank increased its position in shares of Donegal Group by 10.2% during the first quarter. Swiss National Bank now owns 33,500 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Donegal Group by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 194,981 shares of the insurance provider’s stock valued at $2,615,000 after purchasing an additional 3,118 shares during the period. D.A. Davidson & CO. bought a new position in Donegal Group during the first quarter valued at $135,000. Finally, Great West Life Assurance Co. Can grew its holdings in Donegal Group by 58.1% during the first 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. 27.96% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Price Performance

Donegal Group stock opened at $13.38 on Thursday. Donegal Group Inc. has a one year low of $13.10 and a one year high of $15.76. The business has a fifty day moving average price of $13.95 and a 200-day moving average price of $14.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $446.76 million, a P/E ratio of 95.57 and a beta of -0.07.

Donegal Group (NASDAQ:DGICAGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The insurance provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.34). Donegal Group had a return on equity of 0.40% and a net margin of 0.48%. The company had revenue of $239.47 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts forecast that Donegal Group Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DGICA. StockNews.com lowered Donegal Group from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Janney Montgomery Scott initiated coverage on Donegal Group in a report on Wednesday, December 20th. They issued a “neutral” rating and a $15.00 price target for the company.

Check Out Our Latest Analysis on DGICA

Donegal Group Company Profile

(Free Report)

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.

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

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