Donegal Group Inc. (NASDAQ:DGICA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in Donegal Group Inc. (NASDAQ:DGICA) by 18.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,100 shares of the insurance provider’s stock after selling 3,333 shares during the period. Jane Street Group LLC’s holdings in Donegal Group were worth $223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DGICA. Martingale Asset Management L P lifted its position in Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 902 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after buying an additional 2,250 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Donegal Group during the second quarter worth approximately $448,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 worth $896,000 after buying an additional 17,125 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 47,447 shares during the period. Institutional investors own 27.96% of the company’s stock.

Analysts Set New Price Targets

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

Donegal Group Trading Down 2.8 %

NASDAQ:DGICA opened at $14.39 on Monday. The stock has a market cap of $487.82 million, a PE ratio of 18.93 and a beta of -0.03. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s 50-day moving average is $15.82 and its two-hundred day moving average is $14.94.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be given a dividend of $0.1725 per share. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a yield of 4.79%. Donegal Group’s dividend payout ratio (DPR) is presently 90.79%.

Insider Activity at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal bought 270,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were bought at an average cost of $16.66 per share, for a total transaction of $4,498,200.00. Following the completion of the acquisition, the insider now directly owns 13,046,126 shares in the company, valued at approximately $217,348,459.16. This represents a 2.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sewell Trezevant Moore, Jr. sold 12,500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.18, for a total value of $202,250.00. Following the transaction, the director now directly owns 25,655 shares in the company, valued at approximately $415,097.90. This represents a 32.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 616,809 shares of company stock valued at $10,026,700 and sold 379,564 shares valued at $6,212,273. Insiders own 6.63% of the company’s stock.

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.