Donegal Group (NASDAQ:DGICA) Reaches New 52-Week High – Time to Buy?

Donegal Group Inc. (NASDAQ:DGICA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $19.79 and last traded at $19.63, with a volume of 114035 shares changing hands. The stock had previously closed at $19.41.

Donegal Group Trading Down 1.0 %

The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $696.03 million, a P/E ratio of 12.85 and a beta of -0.04. The firm’s 50-day moving average price is $16.78 and its 200 day moving average price is $15.84.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. The firm had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. As a group, equities research analysts predict that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Insider Activity at Donegal Group

In other Donegal Group news, EVP William Daniel Delamater sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total value of $213,240.00. Following the completion of the sale, the executive vice president now directly owns 1,495 shares of the company’s stock, valued at approximately $26,566.15. This represents a 88.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Wayne Sponic sold 5,537 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $18.17, for a total value of $100,607.29. Following the completion of the transaction, the senior vice president now directly owns 2,006 shares of the company’s stock, valued at approximately $36,449.02. This represents a 73.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 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 currently owned by insiders.

Hedge Funds Weigh In On Donegal Group

Institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new position in Donegal Group during the fourth quarter valued at $68,000. SG Americas Securities LLC purchased a new position in shares of Donegal Group during the 4th quarter valued at $128,000. BNP Paribas Financial Markets lifted its position in shares of Donegal Group by 117.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after buying an additional 4,544 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Donegal Group during the 4th quarter worth $162,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Donegal Group in the 4th quarter worth about $173,000. Institutional investors own 27.96% of the company’s stock.

About Donegal Group

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.