Donegal Group Inc. (NASDAQ:DGICA) Stake Decreased by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in Donegal Group Inc. (NASDAQ:DGICA) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,675 shares of the insurance provider’s stock after selling 52,925 shares during the quarter. Foundry Partners LLC owned about 0.57% of Donegal Group worth $2,965,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Donegal Group during the fourth quarter valued at $68,000. SG Americas Securities LLC bought a new position in Donegal Group in the 4th quarter valued at about $128,000. Private Advisor Group LLC bought a new stake in shares of Donegal Group during the 4th quarter worth about $177,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Donegal Group in the 4th quarter worth approximately $217,000. Finally, Inceptionr LLC bought a new position in shares of Donegal Group in the fourth quarter valued at approximately $218,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donegal Group

In related news, VP Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $17.95, for a total value of $188,475.00. Following the transaction, the vice president now owns 9,316 shares of the company’s stock, valued at approximately $167,222.20. This trade represents a 52.99 % decrease in their position. The sale 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 business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $17.99, for a total value of $107,940.00. Following the sale, the senior vice president now owns 2,006 shares in the company, valued at approximately $36,087.94. The trade was a 74.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 105,908 shares of company stock valued at $1,865,086 and sold 47,119 shares valued at $845,651. 6.63% of the stock is owned by corporate insiders.

Donegal Group Price Performance

Shares of NASDAQ:DGICA opened at $18.66 on Friday. The stock has a market cap of $665.02 million, a price-to-earnings ratio of 12.28 and a beta of -0.05. 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 12 month low of $12.26 and a 12 month high of $19.87. The stock’s 50 day moving average price is $16.96 and its 200 day moving average price is $15.89.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.39. The business had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. Equities research analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

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.