Mutual Insurance Co Donegal is acquiring 9,771 shares of Donegal Group Inc. (NASDAQ:DGICA).


Mutual Insurance Co Donegal, the majority shareholder of Donegal Group Inc. (NASDAQ:DGICA – Get Rating), acquired 9,771 shares in a transaction that took place on Thursday, August 4th. The shares were purchased at an average price of $14.37 per share for a total value of $140,409.27. Upon completion of the purchase, the insider now owns 10,975,593 shares of the company, valued at $157,719,271.41. The purchase was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. Major shareholders who own 10% or more of a company’s stock must disclose their transactions to the SEC.

Mutual Insurance Co Donegal also recently made the following trades:

  • On Tuesday 2nd August Mutual Insurance Co Donegal acquired 25,080 shares in Donegal Group. The shares were purchased at an average price of $14.54 per share for a total value of $364,663.20.
  • On Monday 13th June Mutual Insurance Co Donegal acquired 25,317 shares in Donegal Group. The shares were purchased at an average price of $16.03 per share for a total value of $405,831.51.
  • On Friday 10th June Mutual Insurance Co Donegal acquired 18,700 shares in Donegal Group. The shares were purchased at an average price of $16.27 per share for a total value of $304,249.00.
  • On Wednesday 8th June Mutual Insurance Co Donegal acquired 10,075 shares in Donegal Group. The shares were purchased at an average price of $16.25 per share for a total value of $163,718.75.
  • On Monday 6th June Mutual Insurance Co Donegal bought 20,000 shares in Donegal Group. The stock was acquired at an average price of $16.29 per share for a total value of $325,800.00.
  • On Thursday 2nd June Mutual Insurance Co Donegal bought 18,275 shares of Donegal Group. The stock was acquired at an average price of $16.05 per share for a total value of $293,313.75.
  • On Thursday 26th May Mutual Insurance Co Donegal bought 3,637 shares in Donegal Group. The stock was acquired at an average price of $15.84 per share for a total value of $57,610.08.
  • On Tuesday 24th May Mutual Insurance Co Donegal bought 11,413 shares in Donegal Group. The stock was acquired at an average price of $15.83 per share for a total value of $180,667.79.
  • On Sunday 22nd May Mutual Insurance Co Donegal bought 13,281 shares in Donegal Group. The stock was acquired at an average price of $15.56 per share for a total value of $206,652.36.
  • On Wednesday 18th May Mutual Insurance Co Donegal acquired 6,344 shares in Donegal Group. The stock was purchased at an average price of $15.51 per share for a total value of $98,395.44.

Donegal Group trade up 0.8%

Donegal Group shares opened at $14.47 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt to equity ratio of 0.07. The company has a market cap of $454.65 million, a price to earnings ratio of 120.58 and a beta of -0.08. The company has a 50-day simple moving average of $16.10 and a 200-day simple moving average of $14.75. Donegal Group Inc. has a 52-week low of $13.09 and a 52-week high of $17.13.

Donegal Group announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1 will receive a dividend of $0.165. The ex-dividend date of this dividend is Friday July 29th. That equates to an annualized dividend of $0.66 and a dividend yield of 4.56%. Donegal Group’s Dividend Payout Ratio (DPR) is 550.00%.

Analyst upgrades and downgrades

Separately, StockNews.com upgraded Donegal Group from a “hold” rating to a “buy” rating in a report Thursday, April 28th.

Donegal Group Institutional Trading

Several institutional investors have recently changed their holdings in DGICA. Allspring Global Investments Holdings LLC acquired a new stake in Donegal Group stock valued at $686,000 during the fourth quarter. Minerva Advisors LLC increased its stake in Donegal Group stock by 60.3% during the fourth quarter. Minerva Advisors LLC now owns 30,265 shares of the insurance provider, valued at $431,000, after purchasing an additional 11,384 shares last quarter. Assenagon Asset Management SA increased its stake in Donegal Group shares by 112.3% in the fourth quarter. Assenagon Asset Management SA now owns 106,623 shares of the insurance provider, valued at $1,524,000, after purchasing an additional 56,398 shares last quarter. Janney Montgomery Scott LLC increased its stake in Donegal Group by 7.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 93,858 shares of the insurance provider, valued at $1,341,000, after purchasing an additional 6,749 shares last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Donegal Group by 58.1% in Q1. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider, valued at $27,000, after purchasing an additional 707 shares last quarter. Institutional investors and hedge funds own 30.02% of the company’s shares.

About the Donegal Group

(received rating)

Donegal Group Inc, an insurance holding company, provides personal and commercial 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 personal automobile policies that provide protection against liability for personal injury and property damage in automobile accidents, as well as protection against damage caused by damage to motor vehicles; and homeowners’ policies, which cover damage to homes and their contents from a range of perils, including fire, lightning, storm and theft, as well as the insured’s liability for injury to another person or their property.

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Insider Buying and Selling by Quarter for Donegal Group (NASDAQ:DGICA)



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