Donegal Group - DGICA Stock Forecast, Price & News

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of 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. It also offers commercial automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents and protection against loss from damage to automobiles owned by the insured; commercial multi-peril policies that provide protection to businesses against combining liability and physical damage coverages; and workers' compensation policies, which provide benefits to employees for injuries sustained during employment. The company markets its insurance products primarily to Mid-Atlantic, Midwestern, New England, Southern, and Southwestern regions through approximately 2,300 independent insurance agencies. Donegal Group Inc. was incorporated in 1986 and is headquartered in Marietta, Pennsylvania.

Donegal Group Trading Up 0.3 %

Shares of Donegal Group stock opened at $14.79 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $464.70 million, a price-to-earnings ratio of 123.25 and a beta of -0.08. The stock has a 50 day moving average of $16.01 and a 200 day moving average of $14.76. Donegal Group has a fifty-two week low of $13.09 and a fifty-two week high of $17.13.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, July 29th. Donegal Group's payout ratio is 550.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Donegal Group from a "buy" rating to a "hold" rating in a research report on Monday.

Insider Transactions at Donegal Group

In other news, major shareholder Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $14.65 per share, for a total transaction of $146,500.00. Following the purchase, the insider now owns 10,995,593 shares of the company's stock, valued at $161,085,437.45. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Mutual Insurance Co Donegal bought 10,000 shares of the stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $14.65 per share, with a total value of $146,500.00. Following the purchase, the insider now owns 10,995,593 shares of the company's stock, valued at $161,085,437.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William Daniel Delamater sold 7,089 shares of the stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $16.06, for a total transaction of $113,849.34. Following the transaction, the senior vice president now directly owns 295 shares in the company, valued at approximately $4,737.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 178,373 shares of company stock worth $2,787,085 and have sold 56,543 shares worth $909,794. Insiders own 10.03% of the company's stock.