Shares are trading at $17.14 a tad higher than $16.12, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $15.82. The 50 day moving average was up $1.02 and the 200 day average moved up $1.32. Trading was heavy with 78K shares changing hands by the end of trading on Tuesday. Volume was up 405.91% over the stocks average daily volume.
Short traders are more bullish on Donegal Group, Inc. lately if you pay attention to the decrease in short interest. The stock had a fall in short interest of -1.81% as of October 13, 2017 from the last reporting period. Short shares decreased from 53,821 to 52,847 over that period. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Cwa Asset Management Group, LLC had acquired a total of 4,780 shares growing its holdings by 2.9%. The value of the investment in (DGICA) went from $2,871,000 to $2,666,000 a change of $205,000 since the last quarter. Naples Global Advisors, LLC downsized its position by shedding 1,000 shares a decrease of 4.7% in the quarter. Naples Global Advisors, LLC currently owns 20,300 shares valued at $327,000. The total value of its holdings decreased 3.5%.
Bank Of Montreal /can/ augmented its stake by buying 39 shares an increase of 487.5% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now controls 47 shares worth $1,000. The value of the position overall is up by inf%. As of quarter end Strs Ohio had sold 900 shares trimming its stake by 6.0%. The value of the total investment in Donegal Group, Inc. decreased from $240,000 to $229,000 decreasing 4.6% quarter over quarter.
The company is up by 4.83% since yesterday’s close of $17.14. The company also recently announced a dividend payable on Wednesday the 15th of November 2017. The dividend will be $0.140 per share for the quarter which comes to $0.56 on an annualized basis. This dividend amount will represent a yield of $3.40. The ex-dividend date is as of Tuesday October 31st, 2017.
The P/E ratio is 36.31 and the market value is 468.30M. As of the last earnings report the EPS was $0.47 and is projected to be $0.53 for the current year with 27,322,000 shares now outstanding. Next quarter’s EPS is estimated at $0.32 with next year’s EPS anticipated to be $1.15.
Donegal Group Inc. (DGI), launched on August 26, 1986, is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016. It has four segments: investment function, personal lines of insurance, commercial lines of insurance and investment in Donegal Financial Services Corporation (DFSC). Its insurance operations include two segments: personal lines of insurance and commercial lines of insurance. The personal lines of insurance, which its insurance subsidiaries write consists primarily of private passenger automobile and homeowners insurance. The commercial lines of insurance, which its insurance subsidiaries write consists primarily of commercial automobile, commercial multi-peril and workers’ compensation insurance. Private passenger automobile insurance includes policies that provide protection against liability for bodily injury and property damage arising from automobile accidents and protection against loss from damage to automobiles owned by the insured. Homeowners line of insurance includes policies that provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm and theft..