Great West Life Assurance Co. Can lifted its position in Donegal Group Inc. (NASDAQ:DGICA) by 1,342.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,213 shares of the insurance provider’s stock after buying an additional 3,921 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Donegal Group were worth $55,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Donegal Group by 8.6% during the 3rd quarter. Wells Fargo & Company MN now owns 343,983 shares of the insurance provider’s stock valued at $4,889,000 after purchasing an additional 27,122 shares during the last quarter. BlackRock Inc. increased its position in shares of Donegal Group by 1.0% during the 3rd quarter. BlackRock Inc. now owns 829,440 shares of the insurance provider’s stock valued at $11,788,000 after purchasing an additional 8,155 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Donegal Group by 244.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 78,377 shares of the insurance provider’s stock worth $1,114,000 after acquiring an additional 55,599 shares in the last quarter. Vanguard Group Inc. increased its holdings in Donegal Group by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 541,181 shares of the insurance provider’s stock worth $7,646,000 after acquiring an additional 61,847 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Donegal Group by 21.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 482,199 shares of the insurance provider’s stock worth $6,580,000 after acquiring an additional 86,324 shares in the last quarter. Hedge funds and other institutional investors own 30.56% of the company’s stock.

Donegal Group stock opened at $12.91 on Wednesday. The company has a market capitalization of $373.84 million, a P/E ratio of -12.91 and a beta of 0.36. Donegal Group Inc. has a 12-month low of $12.74 and a 12-month high of $15.70. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.16.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Tuesday, February 19th. The insurance provider reported ($0.30) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.30). Donegal Group had a negative return on equity of 6.55% and a negative net margin of 4.24%. The business had revenue of $195.01 million during the quarter, compared to the consensus estimate of $197.60 million. Analysts forecast that Donegal Group Inc. will post 0.55 EPS for the current year.

Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Donegal Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Donegal Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 22nd. Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a report on Wednesday, February 20th. Finally, ValuEngine lowered shares of Donegal Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.00.

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About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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

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