It is trading at $15.25 marginally over $14.16, the 50 day moving average and just above the 200 day moving average of $14.59. The 50 day moving average was up by +7.71% and the 200 day average went up by +4.52%. Trading volume for Donegal Group, Inc. – Class B was 539 in the last trading session. Overall, volume was up 79.67% over the stocks normal daily volume.
Traders are a little more bullish on Donegal Group, Inc. – Class B if you evaluate the downtick in short interest. The company had a fall in short interest between September 29, 2017 and October 13, 2017 of -10.91%. Short interest decreased 258 over that period. Days to cover decreased -8.0 to 5.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (DGICB). Wells Fargo & Company/mn reduced its stake by selling 1 shares a decrease of 100.0%. Wells Fargo & Company/mn owns 0 shares worth $0. The total value of its holdings decreased nan%. As of quarter end Royal Bank Of Canada had sold 8,442 shares trimming its position 100.0%. The value of the company’s investment in Donegal Group, Inc. – Class B decreased from $135,000 to $0 a change of 100.0% for the reporting period.
The company is now up by 15.29% percent from yesterday’s close. Additionally Donegal Group, Inc. – Class B announced a dividend for shareholders which will be paid on Wednesday the 15th of November 2017. The dividend payment will be $0.123 per share for the quarter which is $0.49 annualized. 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 32.31 and the market cap 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..