Nationwide Fund Advisors increased its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) by 742.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,024 shares of the company’s stock after buying an additional 81,100 shares during the period. Nationwide Fund Advisors owned 0.35% of Donegal Group worth $1,517,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DGICA. Strs Ohio bought a new position in shares of Donegal Group during the second quarter valued at approximately $136,000. BB&T Securities LLC bought a new position in shares of Donegal Group during the first quarter valued at approximately $453,000. Menta Capital LLC raised its position in shares of Donegal Group by 0.9% in the first quarter. Menta Capital LLC now owns 43,585 shares of the company’s stock valued at $627,000 after buying an additional 400 shares during the last quarter. LSV Asset Management raised its position in shares of Donegal Group by 372.8% in the second quarter. LSV Asset Management now owns 38,300 shares of the company’s stock valued at $631,000 after buying an additional 30,200 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Donegal Group during the second quarter valued at approximately $699,000. 25.24% of the stock is owned by hedge funds and other institutional investors.
Donegal Group Inc. (NASDAQ:DGICA) opened at 15.895 on Tuesday. Donegal Group Inc. has a one year low of $12.69 and a one year high of $16.85. The firm has a market cap of $422.74 million, a P/E ratio of 15.492 and a beta of 0.06. The company has a 50-day moving average of $16.19 and a 200 day moving average of $15.86.
Donegal Group (NASDAQ:DGICA) last released its earnings results on Tuesday, July 26th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Donegal Group had a return on equity of 7.64% and a net margin of 5.14%. Equities research analysts expect that Donegal Group Inc. will post $1.30 earnings per share for the current fiscal year.
In other news, Director Barry C. Huber sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $16.01, for a total transaction of $48,030.00. Following the completion of the transaction, the director now directly owns 7,867 shares of the company’s stock, valued at $125,950.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Philip H. Glatfelter II sold 12,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $16.08, for a total value of $192,960.00. Following the transaction, the director now directly owns 25,011 shares of the company’s stock, valued at $402,176.88. The disclosure for this sale can be found here. 10.38% of the stock is owned by company insiders.
Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in over 21 Mid-Atlantic, Midwestern, New England and Southern states. The Company has four segments, which consist of its investment function, its personal lines of insurance, its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC).