Donegal Group (NASDAQ:DGICB) Shares Cross Below Two Hundred Day Moving Average of $13.35

Donegal Group Inc. (NASDAQ:DGICB) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.35 and traded as low as $11.85. Donegal Group shares last traded at $12.00, with a volume of 3,615 shares.

Separately, TheStreet cut shares of Donegal Group from a “b-” rating to a “c” rating in a research note on Tuesday, August 27th.

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $355.94 million, a P/E ratio of 47.73 and a beta of 0.39. The stock has a 50 day moving average price of $12.85 and a 200 day moving average price of $13.35.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.127 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Thursday, October 31st.

An institutional investor recently raised its position in Donegal Group stock. Vanguard Group Inc. lifted its holdings in shares of Donegal Group Inc. (NASDAQ:DGICB) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,877 shares of the insurance provider’s stock after purchasing an additional 4,685 shares during the period. Vanguard Group Inc. owned 0.24% of Donegal Group worth $956,000 at the end of the most recent reporting period. 1.63% of the stock is owned by institutional investors and hedge funds.

About Donegal Group (NASDAQ:DGICB)

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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