Mutual Insurance Co Donegal Buys 15,000 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA) major shareholder Mutual Insurance Co Donegal acquired 15,000 shares of Donegal Group stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $17.98 per share, with a total value of $269,700.00. Following the transaction, the insider now owns 13,248,574 shares of the company’s stock, valued at $238,209,360.52. The trade was a 0.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price of $16.37 per share, with a total value of $142,893.73.
• On Monday, December 9th, Mutual Insurance Co Donegal purchased 70,000 shares of Donegal Group stock. The stock was bought at an average price of $16.61 per share, with a total value of $1,162,700.00.

Donegal Group Stock Performance

Shares of DGICA opened at $17.90 on Friday. 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 business has a 50-day simple moving average of $15.42 and a two-hundred day simple moving average of $15.40. The stock has a market cap of $606.74 million, a price-to-earnings ratio of 11.78 and a beta of -0.05. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $18.19.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39. The business had revenue of $249.70 million during the quarter, compared to analysts’ expectations of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, analysts expect that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The business also recently declared 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 a boost 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 Trading of Donegal Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Donegal Group by 167.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,905 shares of the insurance provider’s stock worth $200,000 after acquiring an additional 8,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Donegal Group by 9.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,254 shares of the insurance provider’s stock worth $1,025,000 after acquiring an additional 5,487 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Donegal Group by 15.4% in the fourth quarter. Squarepoint Ops LLC now owns 41,810 shares of the insurance provider’s stock worth $647,000 after acquiring an additional 5,568 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Donegal Group by 7.4% in the fourth quarter. Two Sigma Advisers LP now owns 49,200 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 3,400 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Donegal Group by 87.6% in the fourth quarter. Two Sigma Investments LP now owns 89,437 shares of the insurance provider’s stock worth $1,384,000 after acquiring an additional 41,763 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.