SG Americas Securities LLC Takes Position in Donegal Group Inc. (NASDAQ:DGICA)

SG Americas Securities LLC acquired a new stake in Donegal Group Inc. (NASDAQ:DGICA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,862 shares of the insurance provider’s stock, valued at approximately $124,000.

Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in shares of Donegal Group by 58.1% during the first quarter. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 707 shares during the period. Ensign Peak Advisors Inc bought a new position in Donegal Group during the 3rd quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Donegal Group by 29.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,325 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 757 shares during the period. FMR LLC increased its stake in Donegal Group by 15,473.7% during the 2nd quarter. FMR LLC now owns 2,959 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 2,940 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Donegal Group by 838.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,625 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 4,132 shares during the period. 27.96% of the stock is owned by institutional investors and hedge funds.

Donegal Group Trading Down 0.6 %

Shares of DGICA opened at $13.38 on Thursday. Donegal Group Inc. has a 52-week low of $13.10 and a 52-week high of $15.76. The business’s fifty day moving average is $13.95 and its 200-day moving average is $14.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $446.76 million, a price-to-earnings ratio of 95.57 and a beta of -0.07.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, February 22nd. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.34). Donegal Group had a net margin of 0.48% and a return on equity of 0.40%. The business had revenue of $239.47 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the business posted $0.09 EPS. Equities analysts anticipate that Donegal Group Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Janney Montgomery Scott assumed coverage on Donegal Group in a research note on Wednesday, December 20th. They set a “neutral” rating and a $15.00 price objective on the stock. StockNews.com lowered Donegal Group from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

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.