Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Buys $197,880.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal bought 12,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $16.49 per share, with a total value of $197,880.00. Following the purchase, the insider now directly owns 13,164,372 shares in the company, valued at approximately $217,080,494.28. This trade represents a 0.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% 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 Friday, December 13th, Mutual Insurance Co Donegal bought 7,817 shares of Donegal Group stock. The shares were acquired at an average cost 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 shares were acquired at an average price of $16.61 per share, with a total value of $1,162,700.00.
• On Friday, December 6th, Mutual Insurance Co Donegal acquired 270,000 shares of Donegal Group stock. The shares were bought at an average cost of $16.66 per share, with a total value of $4,498,200.00.
• On Wednesday, December 4th, Mutual Insurance Co Donegal bought 9,522 shares of Donegal Group stock. The shares were purchased at an average cost of $16.54 per share, for a total transaction of $157,493.88.
• On Monday, December 2nd, Mutual Insurance Co Donegal purchased 8,354 shares of Donegal Group stock. The stock was purchased at an average cost of $16.73 per share, with a total value of $139,762.42.
• On Friday, November 29th, Mutual Insurance Co Donegal acquired 8,300 shares of Donegal Group stock. The shares were acquired at an average cost of $16.59 per share, with a total value of $137,697.00.

Donegal Group Stock Up 0.0 %

Shares of DGICA opened at $17.00 on Thursday. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $17.07. The stock has a market cap of $576.13 million, a price-to-earnings ratio of 11.30 and a beta of -0.02. The company has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $15.24. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.39. The firm 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%. Equities analysts predict that Donegal Group Inc. will post 1.2 EPS 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 given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 4.06%. Donegal Group’s dividend payout ratio is 45.39%.

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in shares of Donegal Group during the fourth quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in shares of Donegal Group in the 4th quarter valued at about $128,000. BNP Paribas Financial Markets grew 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 worth $130,000 after buying an additional 4,544 shares during the period. XTX Topco Ltd bought a new stake in shares of Donegal Group during the 4th quarter valued at $162,000. Finally, Private Advisor Group LLC bought a new stake in Donegal Group in the fourth quarter valued at about $177,000. 27.96% of the stock is owned by institutional investors and hedge funds.

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.