Donegal Group Inc. (NASDAQ:DGICA) Shares Purchased by Barclays PLC

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

Other institutional investors have also modified their holdings of the company. Martingale Asset Management L P increased its position in shares of Donegal Group by 4.2% during 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 grew its stake in Donegal Group by 7.8% during the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 2,250 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Donegal Group during the 2nd quarter worth about $448,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Donegal Group by 39.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock valued at $896,000 after purchasing an additional 17,125 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Donegal Group by 82.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock valued at $1,551,000 after buying an additional 47,447 shares during the period. 27.96% of the stock is owned by institutional investors and hedge funds.

Donegal Group Trading Up 0.3 %

Shares of Donegal Group stock opened at $14.37 on Wednesday. The company has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $14.96. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $17.00. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $487.09 million, a price-to-earnings ratio of 18.91 and a beta of -0.01.

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.1725 per share. The ex-dividend date is Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a yield of 4.80%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio is currently 90.79%.

Insiders Place Their Bets

In other news, CAO David Benjamin Bawel sold 9,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total value of $139,500.00. Following the completion of the sale, the chief accounting officer now owns 19,665 shares in the company, valued at approximately $304,807.50. This trade represents a 31.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Wayne Sponic sold 12,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $15.50, for a total transaction of $186,000.00. Following the transaction, the senior vice president now directly owns 2,006 shares of the company’s stock, valued at $31,093. This represents a 85.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 currently owned by insiders.

Analysts Set New Price Targets

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

Donegal Group Company 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.