Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Buys 7,817 Shares

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 7,817 shares of the company's stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $16.29 per share, with a total value of $127,338.93. Following the purchase, the insider now owns 13,152,372 shares in the company, valued at approximately $214,252,139.88. This trade represents a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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, December 11th, Mutual Insurance Co Donegal acquired 8,729 shares of Donegal Group stock. The stock was bought at an average price of $16.37 per share, for a total transaction of $142,893.73.
• On Monday, December 9th, Mutual Insurance Co Donegal acquired 70,000 shares of Donegal Group stock. The stock was bought at an average price of $16.61 per share, for a total transaction of $1,162,700.00.
• On Friday, December 6th, Mutual Insurance Co Donegal acquired 270,000 shares of Donegal Group stock. The stock was bought at an average price of $16.66 per share, for a total transaction of $4,498,200.00.
• On Wednesday, December 4th, Mutual Insurance Co Donegal acquired 9,522 shares of Donegal Group stock. The stock was bought at an average price of $16.54 per share, for a total transaction of $157,493.88.
• On Monday, December 2nd, Mutual Insurance Co Donegal acquired 8,354 shares of Donegal Group stock. The stock was bought at an average price of $16.73 per share, for a total transaction of $139,762.42.
• On Friday, November 29th, Mutual Insurance Co Donegal acquired 8,300 shares of Donegal Group stock. The stock was bought at an average price of $16.59 per share, for a total transaction of $137,697.00.
• On Wednesday, November 27th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were acquired at an average price of $16.47 per share, for a total transaction of $139,995.00.
• On Monday, November 25th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were acquired at an average price of $16.19 per share, for a total transaction of $137,615.00.
• On Tuesday, November 19th, Mutual Insurance Co Donegal bought 37,748 shares of Donegal Group stock. The shares were acquired at an average price of $15.81 per share, for a total transaction of $596,795.88.
• On Wednesday, November 13th, Mutual Insurance Co Donegal bought 8,100 shares of Donegal Group stock. The shares were acquired at an average price of $15.93 per share, for a total transaction of $129,033.00.

Donegal Group Stock Up 0.3 %

Donegal Group stock traded up $0.05 during mid-day trading on Monday, reaching $16.38. 201,317 shares of the company's stock were exchanged, compared to its average volume of 63,233. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $17.00. The company has a fifty day moving average of $15.67 and a 200-day moving average of $14.62. The company has a market cap of $555.28 million, a P/E ratio of 21.55 and a beta of -0.03. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.172 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.20%. Donegal Group's payout ratio is 90.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Donegal Group from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th.

Institutional Investors Weigh In On Donegal Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Donegal Group in the 2nd quarter valued at $27,000. Martingale Asset Management L P grew its position in shares of Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider's stock valued at $329,000 after buying an additional 902 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Donegal Group by 7.8% in the 2nd quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider's stock valued at $389,000 after buying an additional 2,250 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Donegal Group in the 2nd quarter valued at $448,000. Finally, Los Angeles Capital Management LLC grew its position in shares of Donegal Group by 95.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock valued at $520,000 after buying an additional 19,707 shares during the last quarter. 27.96% of the stock is currently 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.