Foundry Partners LLC Has $2.97 Million Stake in Donegal Group Inc. (NASDAQ:DGICA)

Foundry Partners LLC reduced its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) by 21.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 191,675 shares of the insurance provider’s stock after selling 52,925 shares during the quarter. Foundry Partners LLC’s holdings in Donegal Group were worth $2,965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Donegal Group by 39.2% during 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 buying an additional 17,125 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 worth $957,000 after acquiring an additional 18,132 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 4,933 shares during the last quarter. SG Americas Securities LLC purchased a new position in Donegal Group in the fourth quarter valued at about $128,000. Finally, Bleakley Financial Group LLC acquired a new position in Donegal Group in the 4th quarter worth about $244,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Stock Down 4.7 %

Shares of Donegal Group stock opened at $18.66 on Friday. The firm has a market cap of $665.02 million, a price-to-earnings ratio of 12.28 and a beta of -0.05. The stock has a 50-day simple moving average of $16.96 and a 200-day simple moving average of $15.89. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $19.87. 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 (NASDAQ:DGICA) last posted its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.39. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The firm had revenue of $249.70 million during the quarter, compared to analysts’ expectations of $250.61 million. On average, equities research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Mutual Insurance Co Donegal bought 8,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $18.14 per share, for a total transaction of $145,120.00. Following the purchase, the insider now owns 13,334,382 shares of the company’s stock, valued at $241,885,689.48. This represents a 0.06 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Wayne Sponic sold 5,537 shares of Donegal Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $18.17, for a total transaction of $100,607.29. Following the completion of the transaction, the senior vice president now owns 2,006 shares in the company, valued at $36,449.02. This trade represents a 73.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 105,908 shares of company stock worth $1,865,086 and sold 47,119 shares worth $845,651. 6.63% of the stock is currently owned by corporate insiders.

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.