Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Purchases 8,000 Shares

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 8,000 shares of Donegal Group stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $18.14 per share, with a total value of $145,120.00. Following the completion of the transaction, the insider now owns 13,334,382 shares in the company, valued at approximately $241,885,689.48. This represents a 0.06 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, March 12th, Mutual Insurance Co Donegal purchased 11,600 shares of Donegal Group stock. The stock was purchased at an average price of $17.59 per share, for a total transaction of $204,044.00.
• On Monday, March 10th, Mutual Insurance Co Donegal acquired 15,000 shares of Donegal Group stock. The shares were purchased at an average price of $17.83 per share, with a total value of $267,450.00.
• On Friday, March 7th, Mutual Insurance Co Donegal purchased 14,608 shares of Donegal Group stock. The stock was purchased 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 acquired 15,000 shares of Donegal Group stock. The shares were acquired 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 bought 15,000 shares of Donegal Group stock. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $267,750.00.
• On Thursday, February 27th, Mutual Insurance Co Donegal purchased 14,700 shares of Donegal Group stock. The stock was acquired 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 shares were bought at an average price of $16.49 per share, for a total transaction of $197,880.00.

Donegal Group Stock Performance

NASDAQ:DGICA traded down $0.17 during trading hours on Friday, hitting $18.23. 161,203 shares of the company were exchanged, compared to its average volume of 72,206. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $18.90. The stock has a market capitalization of $649.70 million, a price-to-earnings ratio of 11.99 and a beta of -0.04. The company's 50 day moving average price is $15.97 and its 200-day moving average price is $15.60.

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Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.39. The firm had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. As a group, research analysts forecast that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Donegal Group by 124.0% during 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 during the last quarter. Renaissance Technologies LLC grew its position in Donegal Group by 29.5% during the 4th 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 during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Donegal Group by 351.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 107,951 shares of the insurance provider's stock valued at $1,670,000 after buying an additional 84,029 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Donegal Group by 170.8% in the 4th quarter. Millennium Management LLC now owns 103,296 shares of the insurance provider's stock valued at $1,598,000 after buying an additional 65,146 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Donegal Group by 137.8% in the fourth quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider's stock worth $1,615,000 after buying an additional 60,491 shares during the last quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

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.