California State Teachers Retirement System Has $231,000 Stock Position in Donegal Group Inc. (NASDAQ:DGICA)

California State Teachers Retirement System cut its position in Donegal Group Inc. (NASDAQ:DGICA) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,347 shares of the insurance provider’s stock after selling 1,262 shares during the period. California State Teachers Retirement System’s holdings in Donegal Group were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in Donegal Group by 170.9% during the 4th quarter. CWM LLC now owns 1,796 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 1,133 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Donegal Group during the first quarter valued at about $137,000. BNP Paribas Financial Markets increased its position in shares of Donegal Group by 125.0% during the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 5,757 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Donegal Group in the 1st quarter worth about $293,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in Donegal Group by 30.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider’s stock valued at $1,072,000 after acquiring an additional 17,614 shares in the last quarter. 27.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Donegal Group from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Insider Activity

In related news, major shareholder Mutual Insurance Co Donegal bought 8,951 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $120,838.50. Following the completion of the transaction, the insider now directly owns 12,123,065 shares in the company, valued at approximately $163,661,377.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 42,512 shares of company stock valued at $606,428 over the last quarter. Company insiders own 6.63% of the company’s stock.

Donegal Group Stock Performance

NASDAQ DGICA opened at $14.68 on Tuesday. The company has a fifty day moving average price of $13.57 and a 200-day moving average price of $13.67. The firm has a market cap of $490.21 million, a price-to-earnings ratio of 91.75 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $15.30.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $246.77 million during the quarter, compared to the consensus estimate of $243.00 million. Donegal Group had a net margin of 0.76% and a return on equity of 0.90%. As a group, equities research analysts predict that Donegal Group Inc. will post 0.35 EPS for the current fiscal year.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.172 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, August 1st. Donegal Group’s dividend payout ratio (DPR) is currently 431.25%.

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.