Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Purchases 4,137 Shares

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal acquired 4,137 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $15.20 per share, for a total transaction of $62,882.40. Following the completion of the acquisition, the insider now owns 12,514,232 shares in the company, valued at approximately $190,216,326.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Thursday, October 31st, Mutual Insurance Co Donegal acquired 150,432 shares of Donegal Group stock. The stock was bought at an average price of $15.49 per share, for a total transaction of $2,330,191.68.
• On Friday, September 13th, Mutual Insurance Co Donegal bought 6,005 shares of Donegal Group stock. The shares were acquired at an average price of $15.34 per share, for a total transaction of $92,116.70.
• On Wednesday, September 11th, Mutual Insurance Co Donegal bought 8,390 shares of Donegal Group stock. The shares were acquired at an average price of $15.00 per share, for a total transaction of $125,850.00.
• On Monday, September 9th, Mutual Insurance Co Donegal bought 5,865 shares of Donegal Group stock. The shares were acquired at an average price of $15.33 per share, for a total transaction of $89,910.45.
• On Thursday, September 5th, Mutual Insurance Co Donegal bought 4,889 shares of Donegal Group stock. The shares were acquired at an average price of $15.32 per share, for a total transaction of $74,899.48.
• On Tuesday, September 3rd, Mutual Insurance Co Donegal bought 9,452 shares of Donegal Group stock. The shares were acquired at an average price of $15.24 per share, for a total transaction of $144,048.48.
• On Friday, August 30th, Mutual Insurance Co Donegal bought 8,028 shares of Donegal Group stock. The shares were acquired at an average price of $15.20 per share, for a total transaction of $122,025.60.
• On Wednesday, August 28th, Mutual Insurance Co Donegal acquired 6,000 shares of Donegal Group stock. The stock was purchased at an average price of $15.02 per share, for a total transaction of $90,120.00.
• On Monday, August 26th, Mutual Insurance Co Donegal acquired 9,996 shares of Donegal Group stock. The stock was purchased 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 acquired 10,000 shares of Donegal Group stock. The stock was purchased at an average price of $14.93 per share, for a total transaction of $149,300.00.

Donegal Group Stock Performance

Shares of DGICA stock traded down $0.08 during mid-day trading on Tuesday, hitting $15.04. The stock had a trading volume of 635 shares, compared to its average volume of 54,829. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $15.84. The company’s 50-day simple moving average is $14.93 and its 200-day simple moving average is $14.03. The firm has a market cap of $503.54 million, a PE ratio of 19.89 and a beta of -0.06.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.172 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Friday, November 1st. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Institutional Trading of Donegal Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in Donegal Group by 125.0% during the first 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 during the last quarter. Empowered Funds LLC grew its holdings in shares of Donegal Group by 8.2% during the first quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock worth $1,573,000 after buying an additional 8,400 shares in the last quarter. Vanguard Group Inc. grew its holdings in Donegal Group by 34.7% in the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock valued at $16,728,000 after purchasing an additional 304,477 shares during the period. EntryPoint Capital LLC purchased a new stake in Donegal Group in the first quarter valued at approximately $137,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Donegal Group by 30.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider’s stock valued at $1,072,000 after purchasing an additional 17,614 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

Analyst Ratings Changes

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

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.