California State Teachers Retirement System decreased its position in Donegal Group Inc. (NASDAQ:DGICA) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,453 shares of the company’s stock after selling 1,027 shares during the period. California State Teachers Retirement System owned about 0.07% of Donegal Group worth $288,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of Donegal Group by 0.5% in the first quarter. State Street Corp now owns 149,591 shares of the company’s stock worth $2,150,000 after buying an additional 696 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Donegal Group by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 59,726 shares of the company’s stock worth $985,000 after buying an additional 3,106 shares in the last quarter. Menta Capital LLC boosted its position in Donegal Group by 0.9% in the first quarter. Menta Capital LLC now owns 43,585 shares of the company’s stock worth $627,000 after buying an additional 400 shares in the last quarter. BB&T Securities LLC acquired a new position in Donegal Group during the first quarter worth about $453,000. Finally, Strs Ohio acquired a new position in Donegal Group during the second quarter worth about $136,000. Hedge funds and other institutional investors own 25.24% of the company’s stock.
Donegal Group Inc. (NASDAQ:DGICA) traded up 0.25% on Tuesday, hitting $15.92. The company had a trading volume of 4,109 shares. Donegal Group Inc. has a 12-month low of $12.69 and a 12-month high of $16.85. The firm has a market capitalization of $423.41 million, a PE ratio of 15.52 and a beta of 0.06. The firm has a 50-day moving average price of $16.19 and a 200-day moving average price of $15.86.
Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Donegal Group had a return on equity of 7.64% and a net margin of 5.14%. On average, equities research analysts anticipate that Donegal Group Inc. will post $1.30 earnings per share for the current fiscal year.
In other news, Director Barry C. Huber sold 3,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $16.01, for a total transaction of $48,030.00. Following the sale, the director now directly owns 7,867 shares of the company’s stock, valued at approximately $125,950.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Philip H. Glatfelter II sold 12,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $16.08, for a total value of $192,960.00. Following the sale, the director now directly owns 25,011 shares in the company, valued at $402,176.88. The disclosure for this sale can be found here. 10.38% of the stock is owned by company insiders.
About Donegal Group
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in over 21 Mid-Atlantic, Midwestern, New England and Southern states. The Company has four segments, which consist of its investment function, its personal lines of insurance, its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC).
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