Foundry Partners LLC reduces stake in Donegal Group Inc. (NASDAQ:DGICA)

Foundry Partners LLC reduced its position in Donegal Group Inc. (NASDAQ:DGICA – Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,290 shares of the insurance provider’s stock after selling 3,150 shares during the period. Foundry Partners LLC owned about 0.73% of Donegal Group worth $3,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Donegal Group by 34.7% in the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock valued at $16,728,000 after buying an additional 304,477 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Donegal Group in the 1st quarter worth about $137,000. Empowered Funds LLC boosted its position in Donegal Group by 8.2% in the first quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock worth $1,573,000 after buying an additional 8,400 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Donegal Group by 125.0% in the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 5,757 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Donegal Group in the 1st quarter worth about $293,000. Hedge funds and other institutional investors own 27.96% of the company’s shares.

Indoor activity

In other Donegal Group news, major shareholder Mutual Insurance Co Donegal purchased 8,951 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $120,838.50. Following the transaction, the insider now directly owns 12,123,065 shares of the company’s stock, valued at approximately $163,661,377.50. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Insiders acquired 114,288 shares of company stock worth $1,679,367 in the last quarter. Corporate insiders own 6.63% of the company’s shares.

Donegal group trading down 1.2%

Shares of Donegal Group stock opened at $15.10 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39, and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.39. The stock’s 50-day simple moving average is $14.21, and its two-hundred-day simple moving average is $13.72. The firm has a market cap of $504.23 million, a PE ratio of 94.38 and a beta of -0.05.

Donegal Group (NASDAQ:DGICA – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Donegal Group had a return on equity of 0.89% and a net margin of 0.76%. The business had revenue of $246.77 million for the quarter, compared to analyst estimates of $243.00 million. Analysts anticipate that Donegal Group Inc. will record 0.45 earnings per share for the current year.

Donegal Group announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.172 dividend. The ex-dividend date of this dividend was Thursday, August 1. This represents an annualized dividend of $0.69 and a yield of 4.56%. Donegal Group’s dividend payout ratio is currently 431.25%.

Donegal Group Profile

(Free report)

Donegal Group Inc, an insurance holding company, provides property and casualty insurance for businesses and individuals. It operates through three segments: Investments Function, Personal Lines of Insurance and Commercial Lines of Insurance. The Company offers private passenger auto policies that provide protection against liability for bodily injury and property damage resulting from automobile accidents, as well as protection against losses caused by automobile damage; and homeowner’s policies, which provide coverage for damage to homes and their contents from a range of perils, including fire, lightning, storm and theft, as well as the insured’s liability for injury to others or their property.

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