Insider Buying: Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Acquires 15,000 Shares of Stock

Posted by Amy Steele on Mar 10th, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $17.98 per share, for a total transaction of $269,700.00. Following the acquisition, the insider now directly owns 13,248,574 shares in the company, valued at $238,209,360.52. This represents a 0.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Monday, March 3rd, Mutual Insurance Co Donegal bought 15,000 shares of Donegal Group stock. The stock was purchased at an average price of $17.85 per share, for a total transaction of $267,750.00.
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 bought 12,000 shares of Donegal Group stock. The stock was purchased at an average price of $16.49 per share, for a total transaction of $197,880.00.
On Friday, December 13th, Mutual Insurance Co Donegal bought 7,817 shares of Donegal Group stock. The stock was 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 bought 8,729 shares of Donegal Group stock. The stock was purchased at an average price of $16.37 per share, for a total transaction of $142,893.73.
On Monday, December 9th, Mutual Insurance Co Donegal bought 70,000 shares of Donegal Group stock. The stock was purchased at an average price of $16.61 per share, for a total transaction of $1,162,700.00.

Donegal Group Stock Performance

NASDAQ:DGICA opened at $17.90 on Monday. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $18.19. The firm’s fifty day simple moving average is $15.42 and its 200 day simple moving average is $15.40. 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 firm has a market capitalization of $606.74 million, a PE ratio of 11.78 and a beta of -0.04.

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

Donegal Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.1725 per share. This is an increase 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 3.85%. Donegal Group’s payout ratio is presently 45.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DGICA. KLP Kapitalforvaltning AS bought a new position in shares of Donegal Group during the 4th quarter worth about $68,000. SG Americas Securities LLC bought a new stake in Donegal Group in the fourth quarter valued at about $128,000. BNP Paribas Financial Markets increased its stake in Donegal Group by 117.2% in the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after acquiring an additional 4,544 shares during the period. XTX Topco Ltd bought a new stake in Donegal Group in the fourth quarter valued at about $162,000. Finally, Private Advisor Group LLC bought a new stake in Donegal Group in the fourth quarter valued at about $177,000. Institutional investors own 27.96% of the company’s stock.

Donegal Group Company Profile

(Get Free Report)

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.