Trade Report: Today: Donegal Group Inc. (DGICA) Stake Held by Heartland Advisors Inc.

Today: Donegal Group Inc. (DGICA) Stake Held by Heartland Advisors Inc.

Heartland Advisors Inc. maintained its position in Donegal Group Inc. (NASDAQ:DGICA) during the third quarter, Holdings Channel reports. The fund owned 300,000 shares of the company’s stock at the end of the third quarter. Heartland Advisors Inc.’s holdings in Donegal Group were worth $4,833,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management increased 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 worth $631,000 after buying an additional 30,200 shares in the last quarter. OLD Republic International Corp increased its position in shares of Donegal Group by 112.5% in the second quarter. OLD Republic International Corp now owns 170,000 shares of the company’s stock worth $2,803,000 after buying an additional 90,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Donegal Group during the second quarter worth $699,000. Schwab Charles Investment Management Inc. increased its position in shares of Donegal Group by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 21,477 shares of the company’s stock worth $355,000 after buying an additional 336 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Donegal Group by 102.8% in the second quarter. Janney Montgomery Scott LLC now owns 92,016 shares of the company’s stock worth $1,418,000 after buying an additional 46,648 shares in the last quarter. Hedge funds and other institutional investors own 26.36% of the company’s stock.

Shares of Donegal Group Inc. (NASDAQ:DGICA) traded down 0.43% during trading on Monday, hitting $16.35. 8,354 shares of the company’s stock were exchanged. Donegal Group Inc. has a 1-year low of $12.69 and a 1-year high of $16.85. The stock has a market cap of $438.31 million, a PE ratio of 16.32 and a beta of 0.03. The stock’s 50-day moving average price is $15.76 and its 200-day moving average price is $16.05.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Friday, October 28th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.05. Donegal Group had a return on equity of 7.16% and a net margin of 4.89%. On average, equities analysts expect that Donegal Group Inc. will post $1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were paid a dividend of $0.1375 per share. The ex-dividend date was Friday, October 28th. This represents a $0.55 dividend on an annualized basis and a yield of 3.36%. Donegal Group’s payout ratio is 44.35%.

About Donegal Group

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).

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