Stock Worth Mentioning: Institutional Investors Lead Shift in Donegal Mutual Insurance Co (NASDAQ:DGICB) Sentiment

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Stock Worth Mentioning: Institutional Investors Lead Shift in Donegal Mutual Insurance Co (NASDAQ:DGICB) Sentiment

Sentiment for Donegal Mutual Insurance Co (NASDAQ:DGICB)

Donegal Mutual Insurance Co (NASDAQ:DGICB) institutional sentiment increased to 0.5 in Q2 2016. Its up 0.17, from 0.33 in 2016Q1. The ratio has improved, as 1 institutional investors increased or opened new positions, while 3 reduced and sold their positions in Donegal Mutual Insurance Co. The institutional investors in our partner’s database now hold: 458,816 shares, up from 458,278 shares in 2016Q1. Also, the number of institutional investors holding Donegal Mutual Insurance Co in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 1 Increased: 1 New Position: 0.

Donegal Group Inc. is an insurance holding firm 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 a market cap of $442.50 million. The Firm has four divisions, 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). It has a 19.51 P/E ratio. The Firm primarily operates through two divisions: personal lines of insurance and commercial lines of insurance.

It is down 39.30% since April 19, 2016 and is uptrending. It has outperformed by 35.44% the S&P500.

According to Zacks Investment Research, “Donegal Group Inc. is an insurance holding company which is headquartered in Pennsylvania and engages, through its subsidiaries, in the property and casualty insurance business in mid-Atlantic and southeastern states. DGI and its subsidiaries and the Mutual Company underwrite a broad line of personal and commercial coverages, consisting of private passenger and commercial automobile, homeowners, commercial multi-peril, workers’ compensation and other lines of insurance.”

Minerva Advisors Llc holds 0.22% of its portfolio in Donegal Group Inc. for 21,506 shares. Logan Capital Management Inc owns 135,185 shares or 0.17% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 209 shares. The Texas-based Dimensional Fund Advisors Lp has invested 0% in the stock. Pnc Financial Services Group Inc., a Pennsylvania-based fund reported 616 shares.#img1#

DGICB Company Profile

Donegal Group Inc. (DGI), incorporated on August 26, 1986, is an insurance holding firm 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 Firm has four divisions, 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). The Firm primarily operates through two divisions: 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.

More notable recent Donegal Group Inc. (NASDAQ:DGICB) news were published by: Globenewswire.com which released: “Donegal Group Inc. to Present at the Keefe, Bruyette & Woods 2016 Insurance …” on August 25, 2016, also Streetinsider.com with their article: “Form 4 DONEGAL GROUP INC For: Nov 15 Filed by: MILLER JEFFREY DEAN” published on November 21, 2016, Nasdaq.com published: “Donegal Group, Inc. (DGICA) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016. More interesting news about Donegal Group Inc. (NASDAQ:DGICB) were released by: Globenewswire.com and their article: “Donegal Group Inc. and Donegal Mutual Insurance Company Purchase Shepard Shares” published on December 22, 2015 as well as Globenewswire.com‘s news article titled: “Donegal Group Inc. Announces Kevin G. Burke Appointed President and Chief …” with publication date: July 17, 2015.

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By Hazel Jackson


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