Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Purchases $204,044.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal bought 11,600 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $17.59 per share, for a total transaction of $204,044.00. Following the completion of the transaction, the insider now owns 13,314,382 shares in the company, valued at $234,199,979.38. This represents a 0.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 10th, Mutual Insurance Co Donegal bought 15,000 shares of Donegal Group stock. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $267,450.00.
• On Friday, March 7th, Mutual Insurance Co Donegal bought 14,608 shares of Donegal Group stock. The stock was acquired at an average cost of $17.96 per share, for a total transaction of $262,359.68.
• On Wednesday, March 5th, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was purchased at an average price of $17.98 per share, with a total value of $269,700.00.
• On Monday, March 3rd, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was 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 purchased 14,700 shares of Donegal Group stock. The stock was 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 purchased 12,000 shares of Donegal Group stock. The stock was 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 purchased 7,817 shares of Donegal Group stock. The stock was purchased at an average price of $16.29 per share, with a total value of $127,338.93.

Donegal Group Stock Performance

DGICA traded up $0.07 during trading on Friday, reaching $18.20. 70,132 shares of the company were exchanged, compared to its average volume of 73,305. The stock has a market cap of $616.91 million, a P/E ratio of 11.97 and a beta of -0.04. The firm has a 50 day moving average of $15.67 and a 200 day moving average of $15.50. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 52 week low of $12.26 and a 52 week high of $18.26.

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Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, sell-side analysts forecast that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were paid a $0.1725 dividend. This is a boost from Donegal Group's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.69 annualized dividend and a dividend yield of 3.79%. Donegal Group's dividend payout ratio is presently 45.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Donegal Group by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,804,968 shares of the insurance provider's stock worth $27,923,000 after purchasing an additional 27,213 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Donegal Group by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider's stock worth $6,638,000 after purchasing an additional 97,795 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Donegal Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock worth $5,371,000 after purchasing an additional 4,933 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Donegal Group by 1.0% in the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider's stock worth $3,605,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Donegal Group by 124.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider's stock worth $3,647,000 after purchasing an additional 130,489 shares in the last quarter. 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.