Charles Schwab Investment Management Inc. Grows Position in Donegal Group Inc. (NASDAQ:DGICA)

Charles Schwab Investment Management Inc. lifted its position in Donegal Group Inc. (NASDAQ:DGICA) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,492 shares of the insurance provider’s stock after purchasing an additional 1,773 shares during the period. Charles Schwab Investment Management Inc. owned about 0.13% of Donegal Group worth $688,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Donegal Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after purchasing an additional 4,933 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Donegal Group by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 122,417 shares of the insurance provider’s stock valued at $1,894,000 after buying an additional 4,967 shares during the period. Barclays PLC raised its holdings in shares of Donegal Group by 38.7% during the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after acquiring an additional 18,132 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $896,000 after acquiring an additional 17,125 shares during the period. Finally, Martingale Asset Management L P lifted its stake in 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. 27.96% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Price Performance

DGICA stock opened at $19.63 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $19.79. The firm has a 50-day moving average of $16.57 and a 200 day moving average of $15.78. The company has a market cap of $699.59 million, a P/E ratio of 12.91 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. The business had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, sell-side analysts forecast that Donegal Group Inc. will post 1.2 EPS for the current year.

Insider Transactions at Donegal Group

In other news, major shareholder Mutual Insurance Co Donegal purchased 8,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $18.14 per share, for a total transaction of $145,120.00. Following the completion of the acquisition, the insider now directly owns 13,334,382 shares in the company, valued at $241,885,689.48. This represents a 0.06 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Wayne Sponic sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $17.99, for a total transaction of $107,940.00. Following the sale, the senior vice president now directly owns 2,006 shares of the company’s stock, valued at $36,087.94. This trade represents a 74.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 105,908 shares of company stock valued at $1,865,086 and have sold 47,119 shares valued at $845,651. Insiders own 6.63% of the company’s stock.

About Donegal Group

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.