Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Acquires 9,771 Shares

Donegal Group Inc. (NASDAQ:DGICAGet Rating) major shareholder Mutual Insurance Co Donegal bought 9,771 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $14.37 per share, with a total value of $140,409.27. Following the transaction, the insider now owns 10,975,593 shares of the company’s stock, valued at approximately $157,719,271.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, August 2nd, Mutual Insurance Co Donegal bought 25,080 shares of Donegal Group stock. The stock was acquired at an average cost of $14.54 per share, with a total value of $364,663.20.
  • On Monday, June 13th, Mutual Insurance Co Donegal acquired 25,317 shares of Donegal Group stock. The shares were purchased at an average price of $16.03 per share, for a total transaction of $405,831.51.
  • On Friday, June 10th, Mutual Insurance Co Donegal bought 18,700 shares of Donegal Group stock. The stock was purchased at an average cost of $16.27 per share, for a total transaction of $304,249.00.
  • On Wednesday, June 8th, Mutual Insurance Co Donegal acquired 10,075 shares of Donegal Group stock. The stock was acquired at an average price of $16.25 per share, for a total transaction of $163,718.75.
  • On Monday, June 6th, Mutual Insurance Co Donegal acquired 20,000 shares of Donegal Group stock. The stock was acquired at an average price of $16.29 per share, for a total transaction of $325,800.00.
  • On Thursday, June 2nd, Mutual Insurance Co Donegal bought 18,275 shares of Donegal Group stock. The shares were purchased at an average price of $16.05 per share, for a total transaction of $293,313.75.
  • On Thursday, May 26th, Mutual Insurance Co Donegal acquired 3,637 shares of Donegal Group stock. The shares were bought at an average price of $15.84 per share, for a total transaction of $57,610.08.
  • On Tuesday, May 24th, Mutual Insurance Co Donegal bought 11,413 shares of Donegal Group stock. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $180,667.79.
  • On Sunday, May 22nd, Mutual Insurance Co Donegal acquired 13,281 shares of Donegal Group stock. The shares were purchased at an average cost of $15.56 per share, for a total transaction of $206,652.36.
  • On Wednesday, May 18th, Mutual Insurance Co Donegal bought 6,344 shares of Donegal Group stock. The shares were bought at an average cost of $15.51 per share, with a total value of $98,395.44.

Donegal Group Price Performance

DGICA stock opened at $14.47 on Friday. The company has a market capitalization of $454.65 million, a P/E ratio of 120.58 and a beta of -0.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.42. Donegal Group Inc. has a 52-week low of $13.09 and a 52-week high of $17.13. The business has a 50-day simple moving average of $16.10 and a two-hundred day simple moving average of $14.75.

Donegal Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, July 29th. This represents a $0.66 dividend on an annualized basis and a yield of 4.56%. Donegal Group’s payout ratio is 550.00%.

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Foundry Partners LLC purchased a new stake in Donegal Group during the second quarter valued at about $2,226,000. Renaissance Technologies LLC increased its stake in shares of Donegal Group by 16.9% during the first quarter. Renaissance Technologies LLC now owns 558,611 shares of the insurance provider’s stock valued at $7,491,000 after purchasing an additional 80,800 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in shares of Donegal Group by 689.4% during the first quarter. Keeley Teton Advisors LLC now owns 88,832 shares of the insurance provider’s stock valued at $1,191,000 after purchasing an additional 77,579 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Donegal Group by 191.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 117,369 shares of the insurance provider’s stock valued at $2,001,000 after purchasing an additional 77,157 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Donegal Group by 112.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 106,623 shares of the insurance provider’s stock valued at $1,524,000 after purchasing an additional 56,398 shares in the last quarter. Institutional investors own 30.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Donegal Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th.

About Donegal Group

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Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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.

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Insider Buying and Selling by Quarter for Donegal Group (NASDAQ:DGICA)

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