Barclays PLC Purchases 18,132 Shares of Donegal Group Inc. (NASDAQ:DGICA)

Barclays PLC raised its position in shares of Donegal Group Inc. (NASDAQ:DGICA) by 38.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,952 shares of the insurance provider’s stock after purchasing an additional 18,132 shares during the period. Barclays PLC owned 0.19% of Donegal Group worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P boosted its holdings in shares of Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 902 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after acquiring an additional 2,250 shares during the period. Foundry Partners LLC boosted its holdings in shares of Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after acquiring an additional 2,310 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Donegal Group by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after acquiring an additional 5,416 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Donegal Group by 39.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock worth $896,000 after acquiring an additional 17,125 shares during the period. 27.96% of the stock is owned by institutional investors.

Donegal Group Stock Down 0.3 %

DGICA opened at $15.37 on Tuesday. The company has a market cap of $520.98 million, a P/E ratio of 20.22 and a beta of -0.03. The business’s 50-day moving average price is $15.85 and its 200-day moving average price is $14.80. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $17.00.

Donegal Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 4.49%. Donegal Group’s dividend payout ratio (DPR) is presently 90.79%.

Insider Buying and Selling

In other Donegal Group news, Director Barry C. Huber sold 4,500 shares of Donegal Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.70, for a total transaction of $70,650.00. Following the sale, the director now directly owns 14,867 shares of the company’s stock, valued at approximately $233,411.90. The trade was a 23.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $16.29, for a total value of $171,045.00. Following the sale, the vice president now directly owns 9,891 shares in the company, valued at approximately $161,124.39. The trade was a 51.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 616,809 shares of company stock valued at $10,026,700 and have sold 379,564 shares valued at $6,212,273. 6.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Donegal Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

Donegal Group Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.