Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Purchases 8,500 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal purchased 8,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $15.74 per share, for a total transaction of $133,790.00. Following the purchase, the insider now owns 12,544,998 shares in the company, valued at $197,458,268.52. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 11th, Mutual Insurance Co Donegal acquired 8,170 shares of Donegal Group stock. The shares were acquired at an average price of $15.95 per share, for a total transaction of $130,311.50.
• On Monday, November 4th, Mutual Insurance Co Donegal purchased 4,137 shares of Donegal Group stock. The shares were acquired at an average cost of $15.20 per share, with a total value of $62,882.40.
• On Thursday, October 31st, Mutual Insurance Co Donegal purchased 150,432 shares of Donegal Group stock. The stock was purchased at an average price of $15.49 per share, with a total value of $2,330,191.68.
• On Friday, September 13th, Mutual Insurance Co Donegal acquired 6,005 shares of Donegal Group stock. The stock was bought at an average cost of $15.34 per share, for a total transaction of $92,116.70.
• On Wednesday, September 11th, Mutual Insurance Co Donegal purchased 8,390 shares of Donegal Group stock. The stock was purchased at an average price of $15.00 per share, with a total value of $125,850.00.
• On Monday, September 9th, Mutual Insurance Co Donegal purchased 5,865 shares of Donegal Group stock. The stock was bought at an average cost of $15.33 per share, with a total value of $89,910.45.
• On Thursday, September 5th, Mutual Insurance Co Donegal bought 4,889 shares of Donegal Group stock. The stock was acquired at an average cost of $15.32 per share, for a total transaction of $74,899.48.
• On Tuesday, September 3rd, Mutual Insurance Co Donegal purchased 9,452 shares of Donegal Group stock. The shares were bought at an average price of $15.24 per share, with a total value of $144,048.48.
• On Friday, August 30th, Mutual Insurance Co Donegal bought 8,028 shares of Donegal Group stock. The shares were bought 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 purchased 6,000 shares of Donegal Group stock. The shares were purchased at an average cost of $15.02 per share, for a total transaction of $90,120.00.

Donegal Group Stock Performance

NASDAQ:DGICA opened at $15.90 on Wednesday. The firm has a market cap of $532.33 million, a price-to-earnings ratio of 20.86 and a beta of -0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.38. The firm has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $14.09. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $16.00.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, November 1st. Donegal Group’s dividend payout ratio is currently 90.79%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On Donegal Group

Several institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Donegal Group during the second quarter valued at about $27,000. Hsbc Holdings PLC raised its holdings in Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after purchasing an additional 2,250 shares in the last quarter. Foundry Partners LLC lifted its position in Donegal Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after acquiring an additional 2,310 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Donegal Group by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock worth $1,669,000 after purchasing an additional 5,416 shares in the last quarter. Finally, BNP Paribas Financial Markets increased 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 acquiring 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.