EntryPoint Capital LLC Takes $137,000 Position in Donegal Group Inc. (NASDAQ:DGICA)

EntryPoint Capital LLC purchased a new position in shares of Donegal Group Inc. (NASDAQ:DGICA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,698 shares of the insurance provider’s stock, valued at approximately $137,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Donegal Group by 34.7% in the 1st quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock worth $16,728,000 after acquiring an additional 304,477 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Donegal Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,825,664 shares of the insurance provider’s stock worth $25,541,000 after purchasing an additional 53,632 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Donegal Group in the 1st quarter worth about $293,000. Lewis Asset Management LLC purchased a new stake in Donegal Group in the 4th quarter valued at about $194,000. Finally, SG Americas Securities LLC bought a new position in shares of Donegal Group during the 4th quarter worth approximately $124,000. Institutional investors own 27.96% of the company’s stock.

Donegal Group Price Performance

NASDAQ:DGICA traded down $0.04 during trading hours on Friday, hitting $14.78. 36,443 shares of the company’s stock traded hands, compared to its average volume of 56,229. The firm has a market cap of $493.50 million, a P/E ratio of 92.63 and a beta of -0.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $13.68. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $15.30.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $238.95 million during the quarter, compared to the consensus estimate of $236.60 million. Donegal Group had a return on equity of 0.15% and a net margin of 0.55%. On average, research analysts anticipate that Donegal Group Inc. will post 0.35 earnings per share for the current fiscal year.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.172 per share. The ex-dividend date is Thursday, August 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.65%. Donegal Group’s dividend payout ratio (DPR) is presently 431.25%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Donegal Group from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

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.