Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Acquires 14,700 Shares

Posted by Tech Dows on Mar 4th, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 14,700 shares of Donegal Group stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $17.06 per share, for a total transaction of $250,782.00. Following the completion of the purchase, the insider now owns 13,189,273 shares in the company, valued at approximately $225,008,997.38. The trade was a 0.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 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 acquired 7,817 shares of Donegal Group stock. The stock was acquired at an average cost of $16.29 per share, with a total value of $127,338.93.
On Wednesday, December 11th, Mutual Insurance Co Donegal bought 8,729 shares of Donegal Group stock. The shares were acquired 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 cost of $16.61 per share, with a total value of $1,162,700.00.
On Friday, December 6th, Mutual Insurance Co Donegal purchased 270,000 shares of Donegal Group stock. The stock was acquired at an average cost of $16.66 per share, for a total transaction of $4,498,200.00.
On Wednesday, December 4th, Mutual Insurance Co Donegal bought 9,522 shares of Donegal Group stock. The shares were bought at an average cost of $16.54 per share, for a total transaction of $157,493.88.

Donegal Group Stock Up 3.9 %

DGICA stock opened at $18.17 on Tuesday. The stock’s 50 day simple moving average is $15.22 and its 200 day simple moving average is $15.31. The company has a market cap of $615.89 million, a P/E ratio of 11.95 and a beta of -0.02. 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 Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $18.19.

Donegal Group (NASDAQ:DGICA – Get Free Report) last issued its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The company had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. On average, research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 yield of 3.80%. Donegal Group’s dividend payout ratio is presently 45.39%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new position in shares of Donegal Group in the fourth quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in Donegal Group during the 4th quarter valued at $128,000. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 4,544 shares in the last quarter. XTX Topco Ltd purchased a new position in Donegal Group during the 4th quarter worth $162,000. Finally, Private Advisor Group LLC bought a new stake in shares of Donegal Group in the 4th quarter worth $177,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.