Dimensional Fund Advisors LP boosted its holdings in shares of Donegal Group Inc. (NASDAQ:DGICA) by 1.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,659,577 shares of the insurance provider’s stock after acquiring an additional 21,983 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Donegal Group worth $26,769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. OLD Republic International Corp increased its stake in Donegal Group by 103.9% during the 3rd quarter. OLD Republic International Corp now owns 477,100 shares of the insurance provider’s stock valued at $7,696,000 after purchasing an additional 243,100 shares in the last quarter. Northern Trust Corp increased its stake in Donegal Group by 14.1% during the 2nd quarter. Northern Trust Corp now owns 135,447 shares of the insurance provider’s stock valued at $2,154,000 after purchasing an additional 16,696 shares in the last quarter. Wells Fargo & Company MN increased its stake in Donegal Group by 5.9% during the 2nd quarter. Wells Fargo & Company MN now owns 403,419 shares of the insurance provider’s stock valued at $6,414,000 after purchasing an additional 22,511 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Donegal Group by 22.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 62,200 shares of the insurance provider’s stock valued at $1,003,000 after purchasing an additional 11,497 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Donegal Group by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 40 shares in the last quarter. 29.27% of the stock is owned by institutional investors.

Shares of Donegal Group Inc. (NASDAQ:DGICA) opened at $17.60 on Friday. Donegal Group Inc. has a 12 month low of $14.51 and a 12 month high of $18.25. The company has a market cap of $489.35, a P/E ratio of 30.88 and a beta of 0.30. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.16.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. The firm had revenue of $185.72 million during the quarter, compared to analyst estimates of $187.60 million. research analysts anticipate that Donegal Group Inc. will post 0.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.18%. Donegal Group’s dividend payout ratio is presently 98.25%.

A number of research firms have weighed in on DGICA. TheStreet upgraded shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Friday, October 13th. Boenning Scattergood upgraded shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods upgraded shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of Donegal Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.67.

In other Donegal Group news, Director Jack Lee Hess acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $16.78 per share, with a total value of $33,560.00. Following the completion of the acquisition, the director now owns 4,489 shares in the company, valued at approximately $75,325.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia A. Gilmartin sold 5,333 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $17.17, for a total transaction of $91,567.61. Following the completion of the transaction, the director now directly owns 13,562 shares in the company, valued at approximately $232,859.54. The disclosure for this sale can be found here. Insiders bought 4,000 shares of company stock valued at $68,040 over the last quarter. Company insiders own 11.90% of the company’s stock.

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Donegal Group Profile

Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.

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Institutional Ownership by Quarter for Donegal Group (NASDAQ:DGICA)

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