Mutual Insurance Co Donegal Acquires 8,170 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Posted by Mark Dietrich on Nov 12th, 2024

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 8,170 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $15.95 per share, for a total transaction of $130,311.50. Following the completion of the transaction, the insider now owns 12,561,268 shares of the company’s stock, valued at approximately $200,352,224.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% 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, November 7th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were acquired at an average price of $15.74 per share, with a total value of $133,790.00.
On Monday, November 4th, Mutual Insurance Co Donegal bought 4,137 shares of Donegal Group stock. The shares were acquired at an average cost of $15.20 per share, with a total value of $62,882.40.
On Thursday, October 31st, Mutual Insurance Co Donegal bought 150,432 shares of Donegal Group stock. The stock was purchased at an average price of $15.49 per share, with a total value of $2,330,191.68.
On Friday, September 13th, Mutual Insurance Co Donegal purchased 6,005 shares of Donegal Group stock. The shares were acquired at an average cost of $15.34 per share, for a total transaction of $92,116.70.
On Wednesday, September 11th, Mutual Insurance Co Donegal purchased 8,390 shares of Donegal Group stock. The stock was 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 acquired 5,865 shares of Donegal Group stock. The shares were bought at an average cost of $15.33 per share, with a total value of $89,910.45.
On Thursday, September 5th, Mutual Insurance Co Donegal acquired 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 acquired 9,452 shares of Donegal Group stock. The stock was purchased at an average cost of $15.24 per share, for a total transaction of $144,048.48.
On Friday, August 30th, Mutual Insurance Co Donegal acquired 8,028 shares of Donegal Group stock. The shares were acquired at an average price of $15.20 per share, with a total value of $122,025.60.
On Wednesday, August 28th, Mutual Insurance Co Donegal purchased 6,000 shares of Donegal Group stock. The stock was bought at an average cost of $15.02 per share, with a total value of $90,120.00.

Donegal Group Price Performance

Donegal Group stock traded down $0.05 during midday trading on Tuesday, hitting $15.85. 42,431 shares of the company’s stock were exchanged, compared to its average volume of 55,986. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.38. The stock has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $14.09. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $16.00. The company has a market cap of $530.66 million, a P/E ratio of 20.86 and a beta of -0.06.

Donegal Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.172 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Friday, November 1st. Donegal Group’s payout ratio is 90.79%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Donegal Group

Institutional Trading of Donegal Group

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake 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 worth $147,000 after buying an additional 5,757 shares in the last quarter. Empowered Funds LLC increased its stake in 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 acquiring an additional 8,400 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Donegal Group by 34.7% during the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider’s stock valued at $16,728,000 after buying an additional 304,477 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Donegal Group in the first quarter valued at approximately $137,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.