Creative Planning Has $3.03 Million Stock Holdings in Donegal Group, Inc. $DGICA

Creative Planning increased its position in shares of Donegal Group, Inc. (NASDAQ:DGICA) by 22.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,135 shares of the insurance provider’s stock after acquiring an additional 27,757 shares during the period. Creative Planning owned about 0.42% of Donegal Group worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in shares of Donegal Group during the 2nd quarter valued at about $6,343,000. CSM Advisors LLC acquired a new stake in Donegal Group in the second quarter valued at approximately $3,699,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Donegal Group by 33.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,154 shares of the insurance provider’s stock worth $7,132,000 after acquiring an additional 88,462 shares in the last quarter. Teacher Retirement System of Texas grew its position in Donegal Group by 78.7% in the second quarter. Teacher Retirement System of Texas now owns 191,376 shares of the insurance provider’s stock worth $3,832,000 after acquiring an additional 84,263 shares in the last quarter. Finally, Informed Momentum Co LLC acquired a new position in shares of Donegal Group during the 1st quarter worth $1,039,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Insider Activity

In related news, major shareholder Mutual Insurance Co Donegal acquired 29,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $19.53 per share, with a total value of $566,370.00. Following the completion of the transaction, the insider owned 13,737,670 shares of the company’s stock, valued at approximately $268,296,695.10. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 310,740 shares of company stock worth $5,875,729 and have sold 14,400 shares worth $271,026. Insiders own 6.63% of the company’s stock.

Donegal Group Price Performance

NASDAQ DGICA opened at $19.75 on Monday. The stock has a 50-day simple moving average of $19.28 and a 200 day simple moving average of $18.94. Donegal Group, Inc. has a twelve month low of $14.17 and a twelve month high of $21.12. The stock has a market capitalization of $723.68 million, a PE ratio of 8.30 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.40.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.15. Donegal Group had a return on equity of 14.33% and a net margin of 8.33%.The company had revenue of $245.92 million during the quarter, compared to analysts’ expectations of $244.19 million. Research analysts anticipate that Donegal Group, Inc. will post 1.2 EPS for the current year.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.1825 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.73 annualized dividend and a dividend yield of 3.7%. Donegal Group’s payout ratio is presently 30.17%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DGICA. Weiss Ratings reissued a “buy (b)” rating on shares of Donegal Group in a research report on Wednesday, October 8th. Janney Montgomery Scott upgraded Donegal Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 2nd. Zacks Research raised Donegal Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen cut Donegal Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.00.

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.