It is currently trading at $15.25 which is marginally higher than the 50 day moving average of $14.16 and just a bit higher than the 200 day moving average of $14.59. The 50 day moving average moved up $1.09 and the 200 day average moved up $0.66. 539 shares changed hands by the end of trading on Tuesday. Trading volume was up 79.67% over the stocks average daily volume.
Short traders are more bullish on the company considering the decrease in short interest. The company experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -10.91%. Short shares decreased 258 over that timeframe. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (DGICB). Wells Fargo & Company/mn reduced its position by shedding 1 shares a decrease of 100.0% from 03/31/2017 to 06/30/2017. Wells Fargo & Company/mn now controls 0 shares worth $0. The total value of its holdings decreased nan%. As of the end of the quarter Royal Bank Of Canada had sold a total of 8,442 shares trimming its holdings by 100.0%. The value of the investment in DGICB went from $135,000 to $0 decreasing 100.0% quarter over quarter.
The company is trading up by 15.29% percent from yesterday’s close. Additionally Donegal Group, Inc. – Class B declared a dividend for shareholders to be paid on Wednesday November 15th, 2017. The dividend will be $0.123 per share for the quarter or $0.49 on an annualized basis. The dividend yield will be $3.34. The ex-dividend date is set for Tuesday the 31st of October 2017.
The P/E ratio is currently 32.31 and market capitalization is 416.66M.
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..