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

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal bought 15,000 shares of Donegal Group stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $17.83 per share, with a total value of $267,450.00. Following the completion of the acquisition, the insider now directly owns 13,290,682 shares of the company’s stock, valued at $236,972,860.06. This represents a 0.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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 Friday, March 7th, Mutual Insurance Co Donegal bought 14,608 shares of Donegal Group stock. The stock was purchased at an average price of $17.96 per share, for a total transaction of $262,359.68.
• On Wednesday, March 5th, Mutual Insurance Co Donegal bought 15,000 shares of Donegal Group stock. The shares were acquired at an average cost of $17.98 per share, with a total value of $269,700.00.
• On Monday, March 3rd, Mutual Insurance Co Donegal bought 15,000 shares of Donegal Group stock. The stock was bought at an average price of $17.85 per share, with a total value of $267,750.00.
• On Thursday, February 27th, Mutual Insurance Co Donegal bought 14,700 shares of Donegal Group stock. The shares were purchased at an average price of $17.06 per share, with a total value of $250,782.00.
• On Tuesday, February 25th, Mutual Insurance Co Donegal bought 12,000 shares of Donegal Group stock. The shares were acquired at an average cost of $16.49 per share, for a total transaction of $197,880.00.
• On Friday, December 13th, Mutual Insurance Co Donegal purchased 7,817 shares of Donegal Group stock. The shares were purchased at an average price of $16.29 per share, for a total transaction of $127,338.93.
• On Wednesday, December 11th, Mutual Insurance Co Donegal purchased 8,729 shares of Donegal Group stock. The stock was acquired at an average price of $16.37 per share, for a total transaction of $142,893.73.

Donegal Group Stock Performance

Shares of DGICA stock opened at $17.86 on Wednesday. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $18.19. The stock has a market cap of $605.38 million, a PE ratio of 11.75 and a beta of -0.04. The stock has a fifty day moving average price of $15.51 and a 200 day moving average price of $15.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38.

Donegal Group (NASDAQ:DGICA) last released its earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The firm had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. Sell-side analysts forecast that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a $0.1725 dividend. 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. This represents a $0.69 annualized dividend and a dividend yield of 3.86%. Donegal Group’s payout ratio is 45.39%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DGICA. KLP Kapitalforvaltning AS bought a new stake in shares of Donegal Group in the 4th quarter worth approximately $68,000. SG Americas Securities LLC acquired a new position in shares of Donegal Group during the 4th quarter valued at $128,000. BNP Paribas Financial Markets increased its position in shares of Donegal Group by 117.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 4,544 shares during the period. XTX Topco Ltd acquired a new position in shares of Donegal Group during the 4th quarter valued at $162,000. Finally, Private Advisor Group LLC acquired a new position in shares of Donegal Group during the 4th quarter valued at $177,000. Institutional investors and hedge funds 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.