Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Acquires $74,899.48 in Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal bought 4,889 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $15.32 per share, for a total transaction of $74,899.48. Following the purchase, the insider now directly owns 12,283,760 shares in the company, valued at $188,187,203.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, September 3rd, Mutual Insurance Co Donegal acquired 9,452 shares of Donegal Group stock. The stock was purchased at an average cost of $15.24 per share, for a total transaction of $144,048.48.
• On Friday, August 30th, Mutual Insurance Co Donegal acquired 8,028 shares of Donegal Group stock. The stock was purchased at an average cost of $15.20 per share, for a total transaction of $122,025.60.
• On Wednesday, August 28th, Mutual Insurance Co Donegal acquired 6,000 shares of Donegal Group stock. The stock was purchased at an average cost of $15.02 per share, for a total transaction of $90,120.00.
• On Monday, August 26th, Mutual Insurance Co Donegal acquired 9,996 shares of Donegal Group stock. The stock was purchased at an average cost of $14.97 per share, for a total transaction of $149,640.12.
• On Friday, August 23rd, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was purchased at an average cost of $14.93 per share, for a total transaction of $149,300.00.
• On Wednesday, August 21st, Mutual Insurance Co Donegal acquired 8,500 shares of Donegal Group stock. The stock was purchased at an average cost of $14.76 per share, for a total transaction of $125,460.00.
• On Monday, August 19th, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was purchased at an average cost of $14.75 per share, for a total transaction of $147,500.00.
• On Friday, August 16th, Mutual Insurance Co Donegal acquired 9,800 shares of Donegal Group stock. The stock was purchased at an average cost of $14.78 per share, for a total transaction of $144,844.00.
• On Wednesday, August 14th, Mutual Insurance Co Donegal bought 8,800 shares of Donegal Group stock. The shares were bought at an average cost of $14.56 per share, for a total transaction of $128,128.00.
• On Monday, August 12th, Mutual Insurance Co Donegal bought 4,956 shares of Donegal Group stock. The shares were bought at an average cost of $14.15 per share, for a total transaction of $70,127.40.

Donegal Group Stock Up 0.3 %

Shares of Donegal Group stock opened at $15.15 on Tuesday. The stock’s fifty day moving average is $14.26 and its 200-day moving average is $13.72. The firm has a market capitalization of $505.90 million, a PE ratio of 94.69 and a beta of -0.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.39.

Donegal Group (NASDAQ:DGICA) last announced its earnings results on Thursday, July 25th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $246.77 million for the quarter, compared to analyst estimates of $243.00 million. Donegal Group had a return on equity of 0.89% and a net margin of 0.76%. Equities analysts anticipate that Donegal Group Inc. will post 0.45 earnings per share for the current year.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Thursday, August 1st. Donegal Group’s dividend payout ratio (DPR) is presently 431.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its holdings in shares of Donegal Group by 170.9% during the fourth quarter. CWM LLC now owns 1,796 shares of the insurance provider’s stock valued at $25,000 after buying an additional 1,133 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Donegal Group during the second quarter valued at $27,000. Hsbc Holdings PLC grew its holdings in shares of Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after buying an additional 2,250 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Donegal Group by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock valued at $1,669,000 after buying an additional 5,416 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Donegal Group by 125.0% during the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after buying an additional 5,757 shares in the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.