Today, Nationwide Fund Advisors Sold shares of Donegal Group Inc. (DGICA)

Today, Nationwide Fund Advisors Sold shares of Donegal Group Inc. (DGICA)

Nationwide Fund Advisors reduced its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,224 shares of the company’s stock after selling 1,800 shares during the period. Nationwide Fund Advisors’ holdings in Donegal Group were worth $1,454,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Analytic Investors LLC raised its stake in Donegal Group by 6.4% in the second quarter. Analytic Investors LLC now owns 17,759 shares of the company’s stock valued at $293,000 after buying an additional 1,072 shares in the last quarter. Martingale Asset Management L P increased its stake in Donegal Group by 104.9% in the second quarter. Martingale Asset Management L P now owns 25,419 shares of the company’s stock valued at $420,000 after buying an additional 13,015 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Donegal Group by 124.2% in the second quarter. Janney Montgomery Scott LLC now owns 101,696 shares of the company’s stock valued at $1,676,000 after buying an additional 56,328 shares during the last quarter. Alliancebernstein L.P. increased its stake in Donegal Group by 16.2% in the second quarter. Alliancebernstein L.P. now owns 17,254 shares of the company’s stock valued at $285,000 after buying an additional 2,400 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Donegal Group by 1.6% in the second quarter. BlackRock Fund Advisors now owns 219,402 shares of the company’s stock valued at $3,618,000 after buying an additional 3,556 shares during the last quarter. Institutional investors own 26.36% of the company’s stock.

Donegal Group Inc. (NASDAQ:DGICA) traded down 0.37% during mid-day trading on Monday, reaching $16.36. The company has a market cap of $438.58 million, a PE ratio of 16.33 and a beta of 0.03. The firm has a 50 day moving average price of $15.76 and a 200 day moving average price of $16.06. Donegal Group Inc. has a one year low of $12.69 and a one year high of $16.85.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Friday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 forecast that Donegal Group Inc. will post $1.18 EPS for the current fiscal year.

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

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).

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