Inspire Investing LLC Makes New Investment in Donegal Group, Inc. $DGICA

Key Points

• Inspire Investing LLC acquired 42,012 shares of Donegal Group, Inc. valued at approximately $825,000, increasing its ownership to about 0.12% as per its latest SEC filing.
• Donegal Group recently declared a quarterly dividend of $0.1825 per share, which represents a dividend yield of 3.7% and a payout ratio of 30.67%.
• Analysts have mixed reviews on Donegal Group, with ratings ranging from "strong-buy" to "hold", and the consensus price target set at $18.00.

Inspire Investing LLC bought a new position in shares of Donegal Group, Inc. (NASDAQ:DGICA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,012 shares of the insurance provider's stock, valued at approximately $825,000. Inspire Investing LLC owned 0.12% of Donegal Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. CWM LLC increased its holdings in Donegal Group by 78.0% during the 1st quarter. CWM LLC now owns 5,163 shares of the insurance provider's stock worth $101,000 after purchasing an additional 2,263 shares during the period. Russell Investments Group Ltd. grew its position in shares of Donegal Group by 47.4% during the 1st quarter. Russell Investments Group Ltd. now owns 5,225 shares of the insurance provider's stock worth $103,000 after buying an additional 1,681 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Donegal Group by 117.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider's stock valued at $130,000 after buying an additional 4,544 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Donegal Group in the fourth quarter valued at about $173,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Donegal Group by 167.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,905 shares of the insurance provider's stock worth $200,000 after acquiring an additional 8,071 shares during the period. Hedge funds and other institutional investors own 27.96% of the company's stock.

Insider Buying and Selling at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal acquired 20,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were purchased at an average price of $19.53 per share, for a total transaction of $390,600.00. Following the completion of the acquisition, the insider directly owned 13,654,579 shares in the company, valued at $266,673,927.87. The trade was a 0.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 212,958 shares of company stock worth $3,965,746 in the last 90 days. 6.63% of the stock is currently owned by insiders.

Donegal Group Stock Up 1.6%

NASDAQ:DGICA traded up $0.32 during midday trading on Thursday, reaching $19.47. 42,886 shares of the stock traded hands, compared to its average volume of 131,645. The stock has a market capitalization of $710.67 million and a PE ratio of 8.18. Donegal Group, Inc. has a 12-month low of $14.06 and a 12-month high of $21.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.40. The business has a 50-day moving average of $18.00 and a two-hundred day moving average of $18.72.

Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Donegal Group had a net margin of 8.33% and a return on equity of 14.33%. The business had revenue of $233.81 million for the quarter, compared to analyst estimates of $247.21 million. On average, equities analysts forecast that Donegal Group, Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 1st. Donegal Group's dividend payout ratio (DPR) is currently 30.67%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Janney Montgomery Scott raised shares of Donegal Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Donegal Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded Donegal Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Donegal Group presently has a consensus rating of "Buy" and an average 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.