Mutual Insurance Co Donegal Buys 4,137 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal acquired 4,137 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $15.20 per share, with a total value of $62,882.40. Following the completion of the transaction, the insider now directly owns 12,514,232 shares of the company’s stock, valued at $190,216,326.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 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 Thursday, October 31st, Mutual Insurance Co Donegal acquired 150,432 shares of Donegal Group stock. The stock was acquired 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 acquired at an average price of $15.34 per share, with a total value of $92,116.70.
• On Wednesday, September 11th, Mutual Insurance Co Donegal acquired 8,390 shares of Donegal Group stock. The stock was acquired 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 shares were purchased at an average price of $15.33 per share, with a total value of $89,910.45.
• On Thursday, September 5th, Mutual Insurance Co Donegal purchased 4,889 shares of Donegal Group stock. The shares were purchased at an average price of $15.32 per share, with a total value of $74,899.48.
• On Tuesday, September 3rd, Mutual Insurance Co Donegal purchased 9,452 shares of Donegal Group stock. The shares were purchased 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 purchased 8,028 shares of Donegal Group stock. The shares were purchased at an average price of $15.20 per share, with a total value 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 price of $15.02 per share, with a total value of $90,120.00.
• On Monday, August 26th, Mutual Insurance Co Donegal purchased 9,996 shares of Donegal Group stock. The shares were purchased at an average price of $14.97 per share, with a total value of $149,640.12.
• On Friday, August 23rd, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was bought at an average price of $14.93 per share, with a total value of $149,300.00.

Donegal Group Trading Up 1.4 %

NASDAQ:DGICA opened at $15.72 on Thursday. The firm has a market cap of $526.37 million, a PE ratio of 20.68 and a beta of -0.06. The stock has a fifty day moving average price of $14.95 and a 200 day moving average price of $14.05. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $15.84. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07.

Donegal Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, November 1st. Donegal Group’s dividend payout ratio is presently 90.79%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Donegal Group

Several institutional investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Donegal Group during the 2nd quarter worth approximately $27,000. Hsbc Holdings PLC boosted its stake in shares of Donegal Group by 7.8% during the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after acquiring an additional 2,250 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Donegal Group by 4.4% during 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 acquiring an additional 5,416 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 125.0% during the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 5,757 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Donegal Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock worth $1,573,000 after acquiring an additional 8,400 shares in the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Donegal Group

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.