In a Monday research report, the rating went from a "hold" to a "buy".
Donegal Group stock down 1.5 %
On Monday, the stock fell $0.24 to $15.35. 42,398 stock shares were traded, compared with its average volume, which is 38,426. The company's current ratio is 0.41, its quick ratio is 0.41 and its debt-to equity ratio is 0.07. The company has a capitalization of $505.32 million, and a P/E of -47.97. The company has a moving average for 50 days of $14.75, and a moving average for 200 days of $14.83. The last time ) released its quarterly earnings was on Thursday, 27th April. The insurer reported a quarterly profit per share of $0.17. During the quarter, revenue was $224.99 millions. Donegal Group's return on equity was a negative 0.34%, and its net margin was a negative 1.14%.
Donegal Group: Insider Dealings
According to a related story, on May 22nd, Mutual Insurance Co Donegal, a major shareholder, purchased 5,363 Donegal Group shares in a single transaction. Stock was bought at a cost of $14.69 on average per share with a value of $78,782.47. After the transaction was completed, the insider owns 11,691,302 of the company's shares, valued at $171,745,226.38. In the past three months, insiders purchased 43,899 company shares valued at $654.861. Insiders control 6.63% the stock of their company.
Institutional Inflows & Outflows
Recently, several large investors bought and sold the stock. Dimensional Fund Advisors LP increased its stake in Donegal Group during the first quarter by 1.4%. Dimensional Fund Advisors LP owns now 1,791,001 of the insurance provider’s stock, valued at $27.366,000. This is after buying an additional 24,232 share during the last quarter. BlackRock Inc. increased its stake in Donegal Group in the third quarter by 3.2%. BlackRock Inc. owns 1,470 212 shares in the insurance provider valued at $19 832,000, after purchasing an additional 45 771 shares during the period. Vanguard Group Inc. increased its stake in Donegal Group in the third quarter by 7.2%. Vanguard Group Inc. owns 797.297 shares in the insurance provider valued at $10.756,000, after purchasing an additional 53.603 shares. Renaissance Technologies LLC increased its stake in Donegal Group from 16.9% to $2.49 million in the first quarter. After purchasing an additional 80.800 shares, Renaissance Technologies LLC owns 558.611 shares worth $7,491,000 of the stock of the insurance provider. Geode Capital Management LLC increased its stake in Donegal Group in the first quarter by 2.7%. Geode Capital Management LLC owns 305.688 shares in the insurance provider valued at $4.671,000, after purchasing an additional 7.987 shares. Institutional investors and hedge fund own 28.60%.
Donegal Group Company Profile
Donegal Group, Inc. is a holding company that provides property and casualty coverage to individuals and businesses. The company operates in three segments: Investment Functions, Personal Lines of Insurance and Commercial Lines of Insurance. The Investment Function segment includes investment activities.
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