Mutual Insurance Co Donegal Purchases 15,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal bought 15,000 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $17.85 per share, for a total transaction of $267,750.00. Following the purchase, the insider now directly owns 13,219,273 shares of the company’s stock, valued at approximately $235,964,023.05. This represents a 0.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, February 27th, Mutual Insurance Co Donegal bought 14,700 shares of Donegal Group stock. The stock was purchased at an average price of $17.06 per share, for a total transaction of $250,782.00.
• On Tuesday, February 25th, Mutual Insurance Co Donegal purchased 12,000 shares of Donegal Group stock. The shares were bought at an average price of $16.49 per share, with a total value of $197,880.00.
• On Friday, December 13th, Mutual Insurance Co Donegal purchased 7,817 shares of Donegal Group stock. The stock was purchased at an average cost of $16.29 per share, with a total value of $127,338.93.
• On Wednesday, December 11th, Mutual Insurance Co Donegal purchased 8,729 shares of Donegal Group stock. The stock was purchased at an average cost of $16.37 per share, with a total value of $142,893.73.
• On Monday, December 9th, Mutual Insurance Co Donegal purchased 70,000 shares of Donegal Group stock. The shares were acquired at an average price of $16.61 per share, for a total transaction of $1,162,700.00.
• On Friday, December 6th, Mutual Insurance Co Donegal purchased 270,000 shares of Donegal Group stock. The shares were acquired at an average price of $16.66 per share, for a total transaction of $4,498,200.00.

Donegal Group Trading Up 1.0 %

Shares of NASDAQ:DGICA traded up $0.18 during midday trading on Wednesday, hitting $17.99. The company had a trading volume of 41,364 shares, compared to its average volume of 71,037. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $18.19. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $609.62 million, a price-to-earnings ratio of 11.83 and a beta of -0.05. The firm has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $15.34.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. The business had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, analysts predict that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.84%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Trading of Donegal Group

Several hedge funds have recently added to or reduced their stakes in DGICA. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Donegal Group by 82.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock worth $1,551,000 after buying an additional 47,447 shares during the period. Foundry Partners LLC lifted its position in shares of Donegal Group by 1.0% during the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock worth $3,605,000 after acquiring an additional 2,310 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Donegal Group by 39.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider’s stock worth $896,000 after acquiring an additional 17,125 shares in the last quarter. Martingale Asset Management L P increased its stake in Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after acquiring an additional 902 shares during the last quarter. Finally, Barclays PLC increased its stake in Donegal Group by 38.7% in the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock valued at $957,000 after acquiring an additional 18,132 shares during the last quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

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.