Jump Financial LLC Takes Position in Donegal Group Inc. (NASDAQ:DGICA)

Jump Financial LLC purchased a new stake in Donegal Group Inc. (NASDAQ:DGICA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,419 shares of the insurance provider's stock, valued at approximately $269,000. Jump Financial LLC owned approximately 0.05% of Donegal Group at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DGICA. Wells Fargo & Company MN grew its position in Donegal Group by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 223,593 shares of the insurance provider's stock valued at $3,459,000 after purchasing an additional 897 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Donegal Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 44,492 shares of the insurance provider's stock valued at $688,000 after buying an additional 1,773 shares during the last quarter. American Century Companies Inc. increased its position in shares of Donegal Group by 17.0% during the fourth quarter. American Century Companies Inc. now owns 26,006 shares of the insurance provider's stock worth $402,000 after acquiring an additional 3,775 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Donegal Group in the 4th quarter worth about $68,000. Finally, Geode Capital Management LLC lifted its position in Donegal Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock valued at $5,371,000 after acquiring an additional 4,933 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company's stock.

Insiders Place Their Bets

In other Donegal Group news, SVP David Wayne Sponic sold 6,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $17.99, for a total value of $107,940.00. Following the transaction, the senior vice president now directly owns 2,006 shares in the company, valued at $36,087.94. This represents a 74.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mutual Insurance Co Donegal purchased 8,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $18.14 per share, with a total value of $145,120.00. Following the transaction, the insider now owns 13,334,382 shares in the company, valued at approximately $241,885,689.48. The trade was a 0.06 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 105,908 shares of company stock worth $1,865,086 and have sold 47,307 shares worth $849,327. Company insiders own 6.63% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on Donegal Group from $17.00 to $18.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th.

Donegal Group Stock Performance

DGICA traded up $0.25 during midday trading on Friday, reaching $19.61. The company had a trading volume of 21,559 shares, compared to its average volume of 81,050. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $20.51. The business has a 50-day moving average price of $18.40 and a two-hundred day moving average price of $16.44. The stock has a market cap of $698.88 million, a PE ratio of 12.90 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.38. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The firm had revenue of $245.57 million for the quarter, compared to analysts' expectations of $248.73 million. On average, sell-side analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 3.72%. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. The ex-dividend date is Thursday, May 1st. Donegal Group's payout ratio is currently 35.61%.

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.