Donegal Group Inc. (NASDAQ:DGICA) dropped 3.7% on Friday . The stock traded as low as $15.48 and last traded at $15.97, with a volume of 179,291 shares changing hands. The stock had previously closed at $16.59.

Separately, TheStreet raised shares of Donegal Group from a “hold” rating to a “buy” rating in a research note on Monday, May 23rd.

The firm has a market capitalization of $424.74 million, a PE ratio of 15.57 and a beta of 0.08. The stock’s 50-day moving average price is $16.19 and its 200 day moving average price is $15.58.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Donegal Group had a net margin of 5.14% and a return on equity of 7.64%. On average, equities analysts anticipate that Donegal Group Inc. will post $1.30 EPS for the current fiscal year.

In other Donegal Group news, Director Barry C. Huber sold 3,000 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $16.01, for a total transaction of $48,030.00. Following the completion of the sale, the director now owns 7,867 shares of the company’s stock, valued at approximately $125,950.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip H. Glatfelter II sold 12,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $16.08, for a total transaction of $192,960.00. Following the sale, the director now directly owns 25,011 shares of the company’s stock, valued at approximately $402,176.88. The disclosure for this sale can be found here. 10.38% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in DGICA. OLD Republic International Corp boosted its stake 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 valued at $2,803,000 after buying an additional 90,000 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Donegal Group by 742.4% in the second quarter. Nationwide Fund Advisors now owns 92,024 shares of the company’s stock valued at $1,517,000 after buying an additional 81,100 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of 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. GSA Capital Partners LLP purchased a new stake in shares of Donegal Group during the second quarter valued at $699,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Donegal Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,531,249 shares of the company’s stock valued at $25,250,000 after buying an additional 35,462 shares during the last quarter. 25.33% of the stock is owned by institutional investors and hedge funds.

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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