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.

Analyst Ratings Changes

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

Donegal Group Price Performance

Shares of DGICA Stock traded up $0.11 during trading hours on Wednesday, hitting $14.84. The company's stock had a trading volume of 915 shares, compared to its average volume of 81,471. The business has a fifty day moving average of $16.05 and a 200-day moving average of $14.76. The stock has a market cap of $466.26 million, a price-to-earnings ratio of 122.75 and a beta of -0.08. Donegal Group has a twelve month low of $13.09 and a twelve month high of $17.13. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.66 dividend on an annualized basis and a yield of 4.45%. Donegal Group's dividend payout ratio (DPR) is currently 550.00%.

Insider Buying and Selling

In other news, major shareholder Mutual Insurance Co Donegal bought 10,895 shares of the firm's stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $163,642.90. Following the completion of the transaction, the insider now owns 10,617,043 shares in the company, valued at $159,467,985.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Donegal Group news, Director Kevin Michael Sr Kraft, Sr. sold 8,500 shares of Donegal Group stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $16.10, for a total value of $136,850.00. Following the transaction, the director now owns 11,936 shares in the company, valued at approximately $192,169.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Mutual Insurance Co Donegal purchased 10,895 shares of the firm's stock in a transaction on Friday, May 13th. The stock was bought at an average price of $15.02 per share, for a total transaction of $163,642.90. Following the acquisition, the insider now owns 10,617,043 shares in the company, valued at $159,467,985.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 179,268 shares of company stock worth $2,804,228 and have sold 56,543 shares worth $909,794. 10.03% of the stock is owned by company insiders.