Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Donegal Group, Inc. (NASDAQ:DGICA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 24,912 shares of Donegal Group, Inc., valued at approximately $489,000, giving it a 0.07% ownership stake in the company.
• Donegal Group reported earnings per share of $0.43 for the latest quarter, exceeding analysts' expectations of $0.36, though revenue of $233.81 million fell short of the projected $247.21 million.
• The company announced a quarterly dividend of $0.1825 per share, which will be paid on August 15th, representing a 4.4% annual yield.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Donegal Group, Inc. (NASDAQ:DGICA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,912 shares of the insurance provider's stock, valued at approximately $489,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Donegal Group at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Donegal Group by 78.0% during the first quarter. CWM LLC now owns 5,163 shares of the insurance provider's stock worth $101,000 after acquiring an additional 2,263 shares during the period. Teacher Retirement System of Texas grew its position in Donegal Group by 2.6% in the first quarter. Teacher Retirement System of Texas now owns 107,113 shares of the insurance provider's stock valued at $2,103,000 after purchasing an additional 2,721 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Donegal Group by 24.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,875 shares of the insurance provider's stock valued at $272,000 after purchasing an additional 2,695 shares in the last quarter. GAMMA Investing LLC grew its position in Donegal Group by 4,607.4% in the first quarter. GAMMA Investing LLC now owns 14,075 shares of the insurance provider's stock valued at $276,000 after purchasing an additional 13,776 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Donegal Group by 167.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,905 shares of the insurance provider's stock valued at $200,000 after acquiring an additional 8,071 shares during the period. Institutional investors and hedge funds own 27.96% of the company's stock.

Donegal Group Stock Performance

Shares of DGICA traded up $0.09 on Wednesday, reaching $17.09. The company's stock had a trading volume of 67,878 shares, compared to its average volume of 127,222. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.40 and a quick ratio of 0.40. The stock's 50 day simple moving average is $18.83 and its two-hundred day simple moving average is $18.14. The stock has a market capitalization of $616.95 million, a P/E ratio of 7.18 and a beta of 0.01. Donegal Group, Inc. has a 12-month low of $13.92 and a 12-month high of $21.12.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Donegal Group had a return on equity of 14.70% and a net margin of 8.33%. The business had revenue of $233.81 million for the quarter, compared to analyst estimates of $247.21 million. Research 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 will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1825 per share. The ex-dividend date is Friday, August 1st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.3%. Donegal Group's dividend payout ratio is currently 30.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DGICA. Keefe, Bruyette & Woods raised their target price on shares of Donegal Group from $17.00 to $18.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Donegal Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, VP William Albert Folmar sold 18,000 shares of Donegal Group stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $20.67, for a total transaction of $372,060.00. Following the transaction, the vice president owned 950 shares of the company's stock, valued at $19,636.50. The trade was a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin Gerard Burke sold 27,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $19.83, for a total value of $535,410.00. Following the sale, the insider owned 11,672 shares in the company, valued at approximately $231,455.76. The trade was a 69.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,769 shares of company stock worth $2,959,696. Insiders own 3.48% 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.