Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Buys 8,000 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $18.14 per share, with a total value of $145,120.00. Following the transaction, the insider now owns 13,334,382 shares of the company’s stock, valued at $241,885,689.48. This represents a 0.06 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large 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 Wednesday, March 12th, Mutual Insurance Co Donegal purchased 11,600 shares of Donegal Group stock. The stock was bought at an average price of $17.59 per share, with a total value of $204,044.00.
• On Monday, March 10th, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was bought at an average price of $17.83 per share, with a total value of $267,450.00.
• On Friday, March 7th, Mutual Insurance Co Donegal purchased 14,608 shares of Donegal Group stock. The stock was bought at an average price of $17.96 per share, with a total value of $262,359.68.
• On Wednesday, March 5th, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was bought at an average price of $17.98 per share, with a total value of $269,700.00.
• On Monday, March 3rd, Mutual Insurance Co Donegal purchased 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 purchased 14,700 shares of Donegal Group stock. The stock was bought 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 acquired 12,000 shares of Donegal Group stock. The stock was purchased at an average cost of $16.49 per share, with a total value of $197,880.00.

Donegal Group Stock Up 1.9 %

Shares of NASDAQ DGICA opened at $18.55 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $628.77 million, a P/E ratio of 12.20 and a beta of -0.04. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $18.55. The firm has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $15.53.

Donegal Group (NASDAQ:DGICA) last announced 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. The business had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. Research analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.69 annualized dividend and a yield of 3.72%. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is presently 45.39%.

Institutional Trading of Donegal Group

Several institutional investors have recently added to or reduced their stakes in DGICA. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Donegal Group by 82.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock valued at $1,551,000 after acquiring an additional 47,447 shares in the last quarter. Foundry Partners LLC raised its stake 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 valued at $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 raised its stake 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 valued at $896,000 after acquiring an additional 17,125 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Donegal Group by 4.2% during 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 in the last quarter. Finally, Barclays PLC raised its stake in shares of Donegal Group by 38.7% during 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 in the last quarter. 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.