Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Purchases 7,819 Shares

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal acquired 7,819 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average cost of $14.57 per share, with a total value of $113,922.83. Following the purchase, the insider now owns 12,061,330 shares in the company, valued at $175,733,578.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mutual Insurance Co Donegal also recently made the following trade(s):

• On Monday, August 28th, Mutual Insurance Co Donegal acquired 6,170 shares of Donegal Group stock. The stock was bought at an average cost of $14.70 per share, with a total value of $90,699.00.
• On Friday, August 25th, Mutual Insurance Co Donegal acquired 3,517 shares of Donegal Group stock. The stock was bought at an average cost of $14.69 per share, with a total value of $51,664.73.
• On Wednesday, August 23rd, Mutual Insurance Co Donegal purchased 5,282 shares of Donegal Group stock. The shares were acquired at an average cost of $14.56 per share, with a total value of $76,905.92.
• On Monday, August 21st, Mutual Insurance Co Donegal purchased 4,773 shares of Donegal Group stock. The shares were acquired at an average cost of $14.76 per share, with a total value of $70,449.48.
• On Friday, August 18th, Mutual Insurance Co Donegal purchased 3,425 shares of Donegal Group stock. The shares were acquired at an average cost of $14.98 per share, with a total value of $51,306.50.
• On Wednesday, August 16th, Mutual Insurance Co Donegal purchased 37,096 shares of Donegal Group stock. The shares were acquired at an average cost of $14.77 per share, with a total value of $547,907.92.
• On Monday, August 14th, Mutual Insurance Co Donegal purchased 6,424 shares of Donegal Group stock. The shares were acquired at an average cost of $14.77 per share, with a total value of $94,882.48.
• On Friday, August 11th, Mutual Insurance Co Donegal bought 6,100 shares of Donegal Group stock. The shares were purchased at an average cost of $14.79 per share, with a total value of $90,219.00.
• On Wednesday, August 9th, Mutual Insurance Co Donegal bought 5,857 shares of Donegal Group stock. The shares were purchased at an average cost of $14.86 per share, with a total value of $87,035.02.
• On Monday, August 7th, Mutual Insurance Co Donegal bought 4,700 shares of Donegal Group stock. The shares were purchased at an average cost of $14.98 per share, with a total value of $70,406.00.

Donegal Group Stock Up 0.2 %

NASDAQ:DGICA traded up $0.03 during trading hours on Thursday, reaching $14.61. The company had a trading volume of 29,677 shares, compared to its average volume of 36,148. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.07. The firm has a market cap of $484.18 million, a price-to-earnings ratio of -1,458,000.00 and a beta of -0.01. The business’s 50-day simple moving average is $14.63 and its two-hundred day simple moving average is $14.81. Donegal Group Inc. has a twelve month low of $13.05 and a twelve month high of $15.76.

Donegal Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Monday, July 31st. Donegal Group’s payout ratio is -6,800,000.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Donegal Group in a research note on Thursday, August 17th. They set a “buy” rating for the company.

Institutional Investors Weigh In On Donegal Group

Large investors have recently bought and sold shares of the stock. EA Series Trust acquired a new position in shares of Donegal Group during the second quarter valued at about $1,241,000. Renaissance Technologies LLC grew its holdings in shares of Donegal Group by 16.9% during the first quarter. Renaissance Technologies LLC now owns 558,611 shares of the insurance provider’s stock valued at $7,491,000 after buying an additional 80,800 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Donegal Group by 689.4% during the first quarter. Keeley Teton Advisors LLC now owns 88,832 shares of the insurance provider’s stock valued at $1,191,000 after buying an additional 77,579 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Donegal Group by 7.2% during the third quarter. Vanguard Group Inc. now owns 797,297 shares of the insurance provider’s stock valued at $10,756,000 after buying an additional 53,603 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Donegal Group by 92.1% during the second quarter. Citadel Advisors LLC now owns 102,443 shares of the insurance provider’s stock valued at $1,747,000 after buying an additional 49,107 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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.