Mutual Insurance Co Donegal Purchases 18,700 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

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Donegal Group Inc. (NASDAQ:DGICAGet Rating) major shareholder Mutual Insurance Co Donegal purchased 18,700 shares of the company’s stock in a transaction on Friday, June 10th. The shares were purchased at an average cost of $16.27 per share, with a total value of $304,249.00. Following the purchase, the insider now owns 10,864,157 shares of the company’s stock, valued at $176,759,834.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, June 13th, Mutual Insurance Co Donegal bought 25,317 shares of Donegal Group stock. The stock was bought at an average cost of $16.03 per share, with a total value of $405,831.51.
  • On Wednesday, June 8th, Mutual Insurance Co Donegal bought 10,075 shares of Donegal Group stock. The shares were purchased at an average price of $16.25 per share, for a total transaction of $163,718.75.
  • On Monday, June 6th, Mutual Insurance Co Donegal bought 20,000 shares of Donegal Group stock. The shares were purchased at an average price of $16.29 per share, for a total transaction of $325,800.00.
  • On Thursday, June 2nd, Mutual Insurance Co Donegal purchased 18,275 shares of Donegal Group stock. The stock was bought at an average cost of $16.05 per share, for a total transaction of $293,313.75.
  • On Thursday, May 26th, Mutual Insurance Co Donegal acquired 3,637 shares of Donegal Group stock. The stock was acquired at an average cost of $15.84 per share, for a total transaction of $57,610.08.
  • On Tuesday, May 24th, Mutual Insurance Co Donegal acquired 11,413 shares of Donegal Group stock. The stock was bought at an average price of $15.83 per share, with a total value of $180,667.79.
  • On Sunday, May 22nd, Mutual Insurance Co Donegal purchased 13,281 shares of Donegal Group stock. The stock was acquired at an average price of $15.56 per share, with a total value of $206,652.36.
  • On Wednesday, May 18th, Mutual Insurance Co Donegal acquired 6,344 shares of Donegal Group stock. The shares were purchased at an average price of $15.51 per share, with a total value of $98,395.44.
  • On Monday, May 16th, Mutual Insurance Co Donegal acquired 6,480 shares of Donegal Group stock. The stock was purchased at an average cost of $15.32 per share, with a total value of $99,273.60.
  • On Friday, May 13th, Mutual Insurance Co Donegal bought 10,895 shares of Donegal Group stock. The shares were bought at an average cost of $15.02 per share, for a total transaction of $163,642.90.

Shares of NASDAQ DGICA opened at $16.04 on Tuesday. The company has a 50-day moving average of $14.70 and a 200 day moving average of $14.25. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 12-month low of $13.09 and a 12-month high of $16.50. The stock has a market cap of $503.98 million, a PE ratio of 17.63 and a beta of 0.04.

Donegal Group (NASDAQ:DGICAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The insurance provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. Donegal Group had a net margin of 3.37% and a return on equity of 4.62%. The company had revenue of $207.60 million for the quarter, compared to the consensus estimate of $211.20 million. On average, sell-side analysts forecast that Donegal Group Inc. will post 0.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Monday, May 2nd were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Friday, April 29th. This is a boost from Donegal Group’s previous quarterly dividend of $0.16. Donegal Group’s dividend payout ratio (DPR) is 72.53%.

Several hedge funds and other institutional investors have recently made changes to their positions in DGICA. Great West Life Assurance Co. Can grew its holdings in shares of Donegal Group by 58.1% during the first quarter. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider’s stock worth $27,000 after buying an additional 707 shares in the last quarter. Invesco Ltd. lifted its position in shares of Donegal Group by 6.0% during the third quarter. Invesco Ltd. now owns 23,589 shares of the insurance provider’s stock worth $342,000 after purchasing an additional 1,335 shares in the last quarter. Citigroup Inc. raised its holdings in Donegal Group by 106.9% in the fourth quarter. Citigroup Inc. now owns 4,028 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 2,081 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Donegal Group by 99.7% during the third quarter. BNP Paribas Arbitrage SA now owns 4,219 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Donegal Group by 18.0% during the first quarter. Engineers Gate Manager LP now owns 14,231 shares of the insurance provider’s stock worth $191,000 after acquiring an additional 2,175 shares during the last quarter. Hedge funds and other institutional investors own 30.02% of the company’s stock.

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

Donegal Group Company Profile (Get Rating)

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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.

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