Donegal Group Inc. (NASDAQ:DGICA) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) by 137.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,392 shares of the insurance provider’s stock after buying an additional 60,491 shares during the quarter. Teacher Retirement System of Texas’ holdings in Donegal Group were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DGICA. Geode Capital Management LLC raised its stake in Donegal Group by 1.4% during the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Donegal Group by 124.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock worth $3,647,000 after acquiring an additional 130,489 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Donegal Group by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 122,417 shares of the insurance provider’s stock worth $1,894,000 after acquiring an additional 4,967 shares in the last quarter. Barclays PLC boosted its position in Donegal Group by 38.7% during the 3rd quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after acquiring an additional 18,132 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 acquiring an additional 17,125 shares in the last quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Mutual Insurance Co Donegal bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $17.85 per share, with a total value of $267,750.00. Following the completion of the transaction, the insider now directly owns 13,219,273 shares in the company, valued at $235,964,023.05. This represents a 0.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Wayne Sponic sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were 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. This represents a 74.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 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 insiders.

Donegal Group Stock Performance

Shares of DGICA opened at $19.16 on Friday. The company has a market capitalization of $682.84 million, a PE ratio of 12.61 and a beta of -0.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The company’s 50 day moving average price is $16.38 and its 200 day moving average price is $15.71. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $19.21.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS 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 analysts’ expectations of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. Research analysts expect that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

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.