Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Purchases 6,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $15.02 per share, with a total value of $90,120.00. Following the acquisition, the insider now owns 12,247,299 shares in the company, valued at approximately $183,954,430.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Monday, August 26th, Mutual Insurance Co Donegal bought 9,996 shares of Donegal Group stock. The stock was bought at an average price of $14.97 per share, for a total transaction of $149,640.12.
• On Friday, August 23rd, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The shares were bought at an average cost of $14.93 per share, with a total value of $149,300.00.
• On Wednesday, August 21st, Mutual Insurance Co Donegal purchased 8,500 shares of Donegal Group stock. The stock was bought at an average cost of $14.76 per share, for a total transaction of $125,460.00.
• On Monday, August 19th, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The shares were purchased at an average price of $14.75 per share, with a total value of $147,500.00.
• On Friday, August 16th, Mutual Insurance Co Donegal bought 9,800 shares of Donegal Group stock. The stock was purchased at an average price of $14.78 per share, for a total transaction of $144,844.00.
• On Wednesday, August 14th, Mutual Insurance Co Donegal purchased 8,800 shares of Donegal Group stock. The stock was purchased at an average cost of $14.56 per share, for a total transaction of $128,128.00.
• On Monday, August 12th, Mutual Insurance Co Donegal acquired 4,956 shares of Donegal Group stock. The stock was purchased at an average cost of $14.15 per share, with a total value of $70,127.40.
• On Friday, August 9th, Mutual Insurance Co Donegal bought 3,848 shares of Donegal Group stock. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $54,372.24.
• On Wednesday, August 7th, Mutual Insurance Co Donegal bought 6,933 shares of Donegal Group stock. The stock was acquired at an average price of $14.13 per share, with a total value of $97,963.29.
• On Monday, August 5th, Mutual Insurance Co Donegal purchased 8,951 shares of Donegal Group stock. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $120,838.50.

Donegal Group Stock Up 0.1 %

Shares of NASDAQ DGICA opened at $15.22 on Friday. The stock has a market cap of $508.24 million, a PE ratio of 95.13 and a beta of -0.05. 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 Inc. has a 12-month low of $12.26 and a 12-month high of $15.30. The company has a 50-day moving average of $13.95 and a 200 day moving average of $13.71.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Donegal Group had a return on equity of 0.90% and a net margin of 0.76%. The business had revenue of $246.77 million during the quarter, compared to analyst estimates of $243.00 million. As a group, sell-side analysts predict that Donegal Group Inc. will post 0.35 EPS for the current fiscal year.

Donegal Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.172 per share. The ex-dividend date was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.52%. Donegal Group’s dividend payout ratio is currently 431.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Donegal Group by 170.9% in the fourth quarter. CWM LLC now owns 1,796 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 1,133 shares during the period. Innealta Capital LLC purchased a new position in shares of Donegal Group during the 2nd quarter worth $27,000. EntryPoint Capital LLC acquired a new stake in shares of Donegal Group during the 1st quarter worth about $137,000. BNP Paribas Financial Markets raised its holdings in Donegal Group by 125.0% in the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after buying an additional 5,757 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Donegal Group in the first quarter valued at about $293,000. 27.96% of the stock is currently 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.