Today’s Short Interest Alert: Could Donegal Group Incorporated Class A (NASDAQ:DGICA) See a Reversal After More Sellers Came In?

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Short Interest Alert: Could Donegal Group Incorporated Class A (NASDAQ:DGICA) See a Reversal After More Sellers Came In?

The stock of Donegal Group Incorporated Class A (NASDAQ:DGICA) registered an increase of 2.51% in short interest. DGICA’s total short interest was 97,900 shares in December as published by FINRA. Its up 2.51% from 95,500 shares, reported previously. With 16,900 shares average volume, it will take short sellers 6 days to cover their DGICA’s short positions. The short interest to Donegal Group Incorporated Class A’s float is 0.87%. Donegal Group Inc. (NASDAQ:DGICA) has risen 4.90% since April 28, 2016 and is uptrending. It has underperformed by 1.02% the S&P500.

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 $454.52 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 15.94 P/E ratio. The Firm primarily operates through two divisions: personal lines of insurance and commercial lines of insurance.

Insitutional Activity: The institutional sentiment increased to 1.95 in Q2 2016. Its up 0.53, from 1.42 in 2016Q1. The ratio increased, as 3 funds sold all Donegal Group Inc. shares owned while 21 reduced positions. 9 funds bought stakes while 25 increased positions. They now own 6.62 million shares or 3.82% more from 6.38 million shares in 2016Q1.
Minerva Advsrs has 28,162 shares for 0.31% of their US portfolio. Keeley Asset Management holds 0.01% or 11,183 shares in its portfolio. State Street has invested 0% of its portfolio in Donegal Group Inc. (NASDAQ:DGICA). Moreover, Analytic Investors Ltd has 0% invested in Donegal Group Inc. (NASDAQ:DGICA) for 17,759 shares. Amer Int Group Inc Inc holds 4,791 shares or 0% of its portfolio. Sit Inv Associates last reported 5,300 shares in the company. Deprince Race And Zollo accumulated 0.09% or 267,926 shares. Teacher Retirement Systems Of Texas has 0% invested in the company for 1,408 shares. Wells Fargo & Company Mn owns 359,021 shares or 0% of their US portfolio. The Illinois-based Old Republic International has invested 0.13% in Donegal Group Inc. (NASDAQ:DGICA). Raymond James Fincl Svcs Advisors, a Florida-based fund reported 18,093 shares. Pacific Ridge Cap Partners Lc last reported 24,686 shares in the company. Swiss State Bank last reported 0% of its portfolio in the stock. Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 136,813 shares. Rhumbline Advisers reported 10,983 shares or 0% of all its holdings.

Insider Transactions: Since June 3, 2016, the stock had 2 insider buys, and 2 insider sales for $224,493 net activity. 3,000 shares were sold by Huber Barry C, worth $48,030 on Wednesday, August 24. 100 shares were bought by DONEGAL MUTUAL INSURANCE CO, worth $1,477. Another trade for 12,000 shares valued at $192,960 was sold by GLATFELTER PHILIP H II. HESS JACK LEE also bought $15,020 worth of Donegal Group Inc. (NASDAQ:DGICA) shares.

DGICA 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 recent Donegal Group Inc. (NASDAQ:DGICA) 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 Nasdaq.com published the news titled: “Donegal Group, Inc. (DGICB) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016. Globenewswire.com‘s news article titled: “Donegal Group Inc. and Donegal Mutual Insurance Company Purchase Shepard Shares” with publication date: December 22, 2015 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Adrian Mccoy

Tags:


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>