Insider Buying: Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Buys 4,137 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal bought 4,137 shares of Donegal Group stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $15.20 per share, for a total transaction of $62,882.40. Following the completion of the transaction, the insider now owns 12,514,232 shares of the company’s stock, valued at approximately $190,216,326.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, October 31st, Mutual Insurance Co Donegal bought 150,432 shares of Donegal Group stock. The shares were purchased at an average cost of $15.49 per share, for a total transaction of $2,330,191.68.
• On Friday, September 13th, Mutual Insurance Co Donegal purchased 6,005 shares of Donegal Group stock. The stock was bought 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 bought at an average cost of $15.00 per share, for a total transaction of $125,850.00.
• On Monday, September 9th, Mutual Insurance Co Donegal purchased 5,865 shares of Donegal Group stock. The stock was bought at an average cost of $15.33 per share, for a total transaction of $89,910.45.
• On Thursday, September 5th, Mutual Insurance Co Donegal purchased 4,889 shares of Donegal Group stock. The stock was bought at an average cost of $15.32 per share, for a total transaction of $74,899.48.
• On Tuesday, September 3rd, Mutual Insurance Co Donegal purchased 9,452 shares of Donegal Group stock. The shares were acquired 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 stock was acquired at an average cost of $15.20 per share, with a total value of $122,025.60.
• On Wednesday, August 28th, Mutual Insurance Co Donegal bought 6,000 shares of Donegal Group stock. The stock was purchased at an average price of $15.02 per share, with a total value of $90,120.00.
• On Monday, August 26th, Mutual Insurance Co Donegal bought 9,996 shares of Donegal Group stock. The shares were purchased at an average cost of $14.97 per share, for a total transaction of $149,640.12.
• On Friday, August 23rd, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $149,300.00.

Donegal Group Stock Performance

DGICA stock traded down $0.08 during mid-day trading on Tuesday, reaching $15.04. 635 shares of the stock traded hands, compared to its average volume of 54,829. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $14.93 and a two-hundred day moving average of $14.03. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $15.84. The firm has a market capitalization of $503.54 million, a PE ratio of 19.89 and a beta of -0.06.

Donegal Group Announces Dividend

The business also recently announced 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 of this dividend is Friday, November 1st. Donegal Group’s payout ratio is presently 90.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DGICA. Innealta Capital LLC acquired a new stake in shares of Donegal Group during the second quarter worth approximately $27,000. EntryPoint Capital LLC acquired a new stake in shares of Donegal Group during the first quarter worth approximately $137,000. BNP Paribas Financial Markets increased its holdings in shares of Donegal Group by 125.0% in the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 5,757 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Donegal Group by 7.8% in the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock valued at $389,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Donegal Group in the second quarter valued at approximately $448,000. Institutional investors own 27.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Donegal Group Company Profile

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.