Inceptionr LLC Makes New Investment in Donegal Group Inc. (NASDAQ:DGICA)

Inceptionr LLC purchased a new position in Donegal Group Inc. (NASDAQ:DGICA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,065 shares of the insurance provider’s stock, valued at approximately $218,000.

Several other institutional investors have also recently modified their holdings of DGICA. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Donegal Group by 82.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock worth $1,551,000 after purchasing an additional 47,447 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after purchasing an additional 2,310 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Donegal Group by 39.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock worth $896,000 after purchasing an additional 17,125 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 902 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Donegal Group by 38.7% in the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after purchasing an additional 18,132 shares during the last quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Donegal Group Stock Down 1.8 %

Shares of DGICA stock opened at $17.57 on Tuesday. The stock has a 50 day moving average of $15.46 and a 200 day moving average of $15.42. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $595.55 million, a P/E ratio of 11.56 and a beta of -0.04. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $18.19.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.39. The company had revenue of $249.70 million during the quarter, compared to analysts’ expectations of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. As a group, sell-side analysts expect that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a $0.1725 dividend. The ex-dividend date was Tuesday, February 4th. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.93%. Donegal Group’s payout ratio is 45.39%.

Insider Activity

In other news, VP Vincent Anthony Viozzi sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $17.95, for a total value of $188,475.00. Following the completion of the sale, the vice president now directly owns 9,316 shares in the company, valued at $167,222.20. The trade was a 52.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mutual Insurance Co Donegal purchased 15,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $17.85 per share, for a total transaction of $267,750.00. Following the completion of the purchase, the insider now directly owns 13,219,273 shares of the company’s stock, valued at approximately $235,964,023.05. The trade was a 0.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 73,246 shares of company stock worth $1,256,345 and sold 52,850 shares worth $906,985. Company insiders own 6.63% of the company’s stock.

Donegal Group 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.