SG Americas Securities LLC Invests $128,000 in Donegal Group Inc. (NASDAQ:DGICA)

SG Americas Securities LLC acquired a new position in shares of Donegal Group Inc. (NASDAQ:DGICA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,266 shares of the insurance provider’s stock, valued at approximately $128,000.

Other large investors also recently made changes to their positions in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $896,000 after purchasing an additional 17,125 shares in the last quarter. Barclays PLC grew its position in Donegal Group by 38.7% in the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after purchasing an additional 18,132 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Donegal Group by 82.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock valued at $1,551,000 after purchasing an additional 47,447 shares in the last quarter. Finally, Foundry Partners LLC grew its position in Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after purchasing an additional 2,310 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.

Donegal Group Stock Performance

NASDAQ DGICA opened at $15.20 on Wednesday. The firm has a 50-day moving average of $15.29 and a 200-day moving average of $15.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $515.28 million, a PE ratio of 20.00 and a beta of -0.02. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $17.00.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.54%. 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. Donegal Group’s dividend payout ratio (DPR) is currently 90.79%.

Insider Transactions at Donegal Group

In other Donegal Group news, EVP William Daniel Delamater sold 9,616 shares of Donegal Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.77, for a total value of $161,260.32. Following the completion of the sale, the executive vice president now owns 1,379 shares in the company, valued at $23,125.83. The trade was a 87.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.29, for a total transaction of $171,045.00. Following the completion of the sale, the vice president now owns 9,891 shares of the company’s stock, valued at $161,124.39. This trade represents a 51.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 437,470 shares of company stock worth $7,240,492 and sold 319,064 shares worth $5,273,623. 6.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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.