Barclays PLC Raises Holdings in Donegal Group Inc. (NASDAQ:DGICA)

Barclays PLC boosted its stake in Donegal Group Inc. (NASDAQ:DGICA) by 38.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 64,952 shares of the insurance provider’s stock after acquiring an additional 18,132 shares during the period. Barclays PLC’s holdings in Donegal Group were worth $957,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Donegal Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock valued at $5,371,000 after buying an additional 4,933 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $896,000 after acquiring an additional 17,125 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Donegal Group by 82.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock worth $1,551,000 after purchasing an additional 47,447 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Donegal Group by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after purchasing an additional 5,416 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Donegal Group during the second quarter worth $448,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, SVP David Wayne Sponic sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $15.50, for a total transaction of $186,000.00. Following the completion of the sale, the senior vice president now directly owns 2,006 shares in the company, valued at $31,093. The trade was a 85.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mutual Insurance Co Donegal bought 270,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $16.66 per share, for a total transaction of $4,498,200.00. Following the purchase, the insider now owns 13,046,126 shares in the company, valued at approximately $217,348,459.16. This trade represents a 2.11 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 616,809 shares of company stock worth $10,026,700 and have sold 379,564 shares worth $6,212,273. 6.63% of the stock is owned by company insiders.

Donegal Group Trading Up 0.3 %

Shares of DGICA stock opened at $14.37 on Wednesday. The firm’s 50-day simple moving average is $15.78 and its 200-day simple moving average is $14.96. 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 $17.00. The firm has a market cap of $487.09 million, a P/E ratio of 18.91 and a beta of -0.01.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 an increase from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is currently 90.79%.

Analyst Ratings Changes

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

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.