XTX Topco Ltd Takes Position in Donegal Group Inc. (NASDAQ:DGICA)

XTX Topco Ltd bought a new stake in Donegal Group Inc. (NASDAQ:DGICA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,452 shares of the insurance provider’s stock, valued at approximately $162,000.

Several other large investors have also modified their holdings of the stock. Barclays PLC boosted its stake in shares of Donegal Group by 38.7% during the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after buying an additional 18,132 shares during the period. Geode Capital Management LLC grew its holdings in shares of Donegal Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider’s stock worth $5,371,000 after buying an additional 4,933 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Donegal Group during the fourth quarter worth about $128,000. Bleakley Financial Group LLC purchased a new position in shares of Donegal Group during the fourth quarter worth about $244,000. Finally, Private Advisor Group LLC purchased a new position in shares of Donegal Group during the fourth quarter worth about $177,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on Donegal Group from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday.

Donegal Group Price Performance

Shares of DGICA opened at $19.43 on Tuesday. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $20.51. The stock’s 50 day moving average is $18.18 and its two-hundred day moving average is $16.37. The firm has a market capitalization of $692.47 million, a PE ratio of 12.78 and a beta of -0.05. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.38. The company had revenue of $245.57 million for the quarter, compared to analyst estimates of $248.73 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. Research analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.1825 per share. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, May 1st. This represents a $0.73 annualized dividend and a dividend yield of 3.76%. Donegal Group’s payout ratio is 35.61%.

Insider Transactions at Donegal Group

In other Donegal Group news, SVP David Wayne Sponic sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $17.99, for a total value of $107,940.00. Following the completion of the transaction, the senior vice president now directly owns 2,006 shares in the company, valued at approximately $36,087.94. The trade was a 74.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Mutual Insurance Co Donegal purchased 12,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $16.49 per share, with a total value of $197,880.00. Following the completion of the acquisition, the insider now directly owns 13,164,372 shares in the company, valued at $217,080,494.28. The trade was a 0.09 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 105,908 shares of company stock valued at $1,865,086 and have sold 47,119 shares valued at $845,651. Corporate insiders own 6.63% of the company’s stock.

Donegal Group Company 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.