Donegal Group (NASDAQ:DGICA) Stock: Insider Mutual Insurance Co Donegal Purchases 25,500 Shares

Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal bought 25,500 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average cost of $18.86 per share, with a total value of $480,930.00. Following the completion of the purchase, the insider directly owned 14,427,628 shares of the company’s stock, valued at $272,105,064.08. This represents a 0.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Mutual Insurance Co Donegal also recently made the following trade(s):

  • On Friday, November 6th, Mutual Insurance Co Donegal purchased 7,500 shares of Donegal Group stock. The stock was bought at an average price of $18.74 per share, for a total transaction of $140,550.00.
  • On Tuesday, November 3rd, Mutual Insurance Co Donegal purchased 7,500 shares of Donegal Group stock. The stock was bought at an average price of $18.69 per share, for a total transaction of $140,175.00.
  • On Friday, September 11th, Mutual Insurance Co Donegal acquired 54,725 shares of Donegal Group stock. The shares were bought at an average cost of $19.23 per share, with a total value of $1,052,361.75.
  • On Wednesday, September 9th, Mutual Insurance Co Donegal acquired 13,469 shares of Donegal Group stock. The shares were purchased at an average price of $19.13 per share, with a total value of $257,661.97.
  • On Thursday, September 10th, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The shares were purchased at an average price of $19.13 per share, with a total value of $191,300.00.
  • On Tuesday, September 8th, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was purchased at an average cost of $19.14 per share, for a total transaction of $191,400.00.
  • On Friday, September 4th, Mutual Insurance Co Donegal bought 6,368 shares of Donegal Group stock. The stock was purchased at an average price of $19.39 per share, for a total transaction of $123,475.52.
  • On Thursday, September 3rd, Mutual Insurance Co Donegal bought 9,595 shares of Donegal Group stock. The stock was purchased at an average price of $19.53 per share, for a total transaction of $187,390.35.
  • On Wednesday, September 2nd, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The shares were purchased at an average cost of $19.43 per share, with a total value of $194,300.00.
  • On Tuesday, September 1st, Mutual Insurance Co Donegal purchased 9,257 shares of Donegal Group stock. The shares were purchased at an average price of $19.17 per share, with a total value of $177,456.69.

Donegal Group Stock Performance

NASDAQ:DGICA opened at $18.97 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.40 and a quick ratio of 0.39. Donegal Group, Inc. has a 1 year low of $16.11 and a 1 year high of $21.06. The stock’s 50 day simple moving average is $18.68 and its two-hundred day simple moving average is $18.14. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 10.12 and a beta of -0.03.

Donegal Group (NASDAQ:DGICA – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $237.66 million for the quarter, compared to analysts’ expectations of $214.12 million. Donegal Group had a return on equity of 10.45% and a net margin of 7.24%. As a group, equities analysts anticipate that Donegal Group, Inc. will post 1.75 earnings per share for the current fiscal year.

Donegal Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 2nd. Donegal Group’s payout ratio is currently 41.18%.

Hedge Funds Weigh In On Donegal Group

A number of institutional investors and hedge funds have recently modified their holdings of DGICA. Dimensional Fund Advisors LP raised its holdings in Donegal Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after buying an additional 7,345 shares during the period. Renaissance Technologies LLC boosted its stake in Donegal Group by 5.8% during the first quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider’s stock worth $6,747,000 after buying an additional 21,500 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Donegal Group by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after acquiring an additional 80,614 shares during the last quarter. Bank of New York Mellon Corp increased its position in Donegal Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 166,616 shares of the insurance provider’s stock valued at $2,862,000 after acquiring an additional 9,075 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in Donegal Group by 3.5% during the third quarter. Pinnacle Associates Ltd. now owns 96,138 shares of the insurance provider’s stock valued at $1,710,000 after acquiring an additional 3,264 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Analyst Ratings Changes

DGICA has been the subject of several research reports. Weiss Ratings upgraded shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 28th. Zacks Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.00.

View Our Latest Stock Report on DGICA

About Donegal Group

(Get Free Report)

Donegal Group Inc. is an insurance holding company that provides property and casualty insurance through its subsidiaries. Its offerings include personal lines such as automobile and homeowners insurance, as well as commercial coverage for businesses, including commercial automobile, workers’ compensation and package policies. The company distributes its products primarily through independent insurance agencies. Its operations serve customers in the Mid-Atlantic region and other parts of the eastern, southern and Midwestern United States.

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