Insider Buying: Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Acquires $269,700.00 in Stock

Posted by Lindsey Winhoffer on Mar 10th, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $17.98 per share, with a total value of $269,700.00. Following the purchase, the insider now directly owns 13,248,574 shares in the company, valued at approximately $238,209,360.52. This trade represents a 0.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 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, March 3rd, Mutual Insurance Co Donegal acquired 15,000 shares of Donegal Group stock. The stock was purchased at an average cost of $17.85 per share, with a total value of $267,750.00.
On Thursday, February 27th, Mutual Insurance Co Donegal acquired 14,700 shares of Donegal Group stock. The stock was purchased at an average cost of $17.06 per share, with a total value of $250,782.00.
On Tuesday, February 25th, Mutual Insurance Co Donegal acquired 12,000 shares of Donegal Group stock. The stock was purchased at an average cost of $16.49 per share, with a total value of $197,880.00.
On Friday, December 13th, Mutual Insurance Co Donegal acquired 7,817 shares of Donegal Group stock. The stock was purchased at an average cost of $16.29 per share, with a total value of $127,338.93.
On Wednesday, December 11th, Mutual Insurance Co Donegal acquired 8,729 shares of Donegal Group stock. The stock was purchased at an average cost of $16.37 per share, with a total value of $142,893.73.
On Monday, December 9th, Mutual Insurance Co Donegal acquired 70,000 shares of Donegal Group stock. The stock was purchased at an average cost of $16.61 per share, with a total value of $1,162,700.00.

Donegal Group Stock Down 0.5 %

DGICA stock opened at $17.90 on Monday. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $18.19. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The company has a market cap of $606.74 million, a price-to-earnings ratio of 11.78 and a beta of -0.04. The company has a 50 day moving average of $15.42 and a two-hundred day moving average of $15.40.

Donegal Group (NASDAQ:DGICA – Get Free Report) last released its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The company had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. On average, equities analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were given a $0.1725 dividend. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a yield of 3.85%. Donegal Group’s dividend payout ratio is presently 45.39%.

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in Donegal Group in the 4th quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in shares of Donegal Group during the 4th quarter valued at $128,000. BNP Paribas Financial Markets raised its holdings in shares of Donegal Group by 117.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after purchasing an additional 4,544 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Donegal Group during the 4th quarter valued at $162,000. Finally, Private Advisor Group LLC bought a new position in shares of Donegal Group during the 4th quarter valued at $177,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Donegal Group

(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.