Donegal Group Inc. (NASDAQ:DGICA) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Donegal Group Inc. (NASDAQ:DGICA) by 36.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,812 shares of the insurance provider’s stock after acquiring an additional 1,012 shares during the quarter. Russell Investments Group Ltd.’s holdings in Donegal Group were worth $58,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Donegal Group by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,905 shares of the insurance provider’s stock valued at $24,478,000 after acquiring an additional 8,491 shares during the period. Kennedy Capital Management Inc. increased its position in shares of Donegal Group by 8.8% in the first quarter. Kennedy Capital Management Inc. now owns 875,012 shares of the insurance provider’s stock valued at $11,769,000 after buying an additional 70,726 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Donegal Group by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 125,066 shares of the insurance provider’s stock valued at $1,910,000 after buying an additional 13,700 shares in the last quarter. Atwater Malick LLC increased its position in shares of Donegal Group by 7.1% in the second quarter. Atwater Malick LLC now owns 16,064 shares of the insurance provider’s stock valued at $245,000 after buying an additional 1,064 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Donegal Group by 13.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,708 shares of the insurance provider’s stock valued at $198,000 after buying an additional 1,719 shares in the last quarter. 30.63% of the stock is owned by institutional investors.

Shares of DGICA traded up $0.19 during trading hours on Monday, hitting $14.65. 564 shares of the stock were exchanged, compared to its average volume of 25,089. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.44 and a current ratio of 0.44. Donegal Group Inc. has a 12-month low of $12.42 and a 12-month high of $15.43. The company has a market cap of $417.44 million, a price-to-earnings ratio of -14.38 and a beta of 0.28. The stock’s 50-day moving average price is $14.50 and its two-hundred day moving average price is $14.20.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.08. Donegal Group had a return on equity of 0.39% and a net margin of 1.75%. The firm had revenue of $197.22 million during the quarter, compared to analysts’ expectations of $196.30 million. On average, research analysts expect that Donegal Group Inc. will post 0.8 earnings per share for the current year.

DGICA has been the subject of a number of recent analyst reports. ValuEngine cut Donegal Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. TheStreet cut Donegal Group from a “b-” rating to a “c” rating in a research report on Tuesday, August 27th. Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a research report on Tuesday, July 30th. Finally, BidaskClub cut Donegal Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.00.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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Institutional Ownership by Quarter for Donegal Group (NASDAQ:DGICA)

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