Mutual Insurance Co Donegal Buys 8,170 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal bought 8,170 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $15.95 per share, with a total value of $130,311.50. Following the completion of the purchase, the insider now directly owns 12,561,268 shares in the company, valued at $200,352,224.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% 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 Thursday, November 7th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were bought at an average price of $15.74 per share, for a total transaction of $133,790.00.
• On Monday, November 4th, Mutual Insurance Co Donegal purchased 4,137 shares of Donegal Group stock. The shares were acquired at an average price of $15.20 per share, for a total transaction of $62,882.40.
• On Thursday, October 31st, Mutual Insurance Co Donegal acquired 150,432 shares of Donegal Group stock. The shares were purchased at an average cost of $15.49 per share, for a total transaction of $2,330,191.68.
• On Friday, September 13th, Mutual Insurance Co Donegal acquired 6,005 shares of Donegal Group stock. The stock was purchased at an average cost of $15.34 per share, for a total transaction of $92,116.70.
• On Wednesday, September 11th, Mutual Insurance Co Donegal purchased 8,390 shares of Donegal Group stock. The shares were bought at an average price of $15.00 per share, with a total value of $125,850.00.
• On Monday, September 9th, Mutual Insurance Co Donegal bought 5,865 shares of Donegal Group stock. The stock was purchased at an average price of $15.33 per share, for a total transaction of $89,910.45.
• On Thursday, September 5th, Mutual Insurance Co Donegal purchased 4,889 shares of Donegal Group stock. The stock was bought at an average cost of $15.32 per share, for a total transaction of $74,899.48.
• On Tuesday, September 3rd, Mutual Insurance Co Donegal acquired 9,452 shares of Donegal Group stock. The stock was acquired at an average price of $15.24 per share, with a total value of $144,048.48.
• On Friday, August 30th, Mutual Insurance Co Donegal purchased 8,028 shares of Donegal Group stock. The shares were purchased at an average price of $15.20 per share, for a total transaction of $122,025.60.
• On Wednesday, August 28th, Mutual Insurance Co Donegal purchased 6,000 shares of Donegal Group stock. The stock was acquired at an average cost of $15.02 per share, with a total value of $90,120.00.

Donegal Group Stock Performance

NASDAQ DGICA remained flat at $15.90 during trading on Tuesday. The company's stock had a trading volume of 170,710 shares, compared to its average volume of 56,653. The stock has a market capitalization of $532.33 million, a P/E ratio of 20.86 and a beta of -0.06. Donegal Group Inc. has a 12-month low of $12.26 and a 12-month high of $16.00. The firm's fifty day moving average price is $14.99 and its 200 day moving average price is $14.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.38.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.172 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 4.33%. Donegal Group's payout ratio is currently 90.79%.

Hedge Funds Weigh In On Donegal Group

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Donegal Group by 34.7% in the first quarter. Vanguard Group Inc. now owns 1,183,005 shares of the insurance provider's stock valued at $16,728,000 after buying an additional 304,477 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Donegal Group by 82.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider's stock worth $1,551,000 after purchasing an additional 47,447 shares during the period. Squarepoint Ops LLC acquired a new position in Donegal Group in the second quarter worth $448,000. Los Angeles Capital Management LLC boosted its stake in Donegal Group by 95.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock valued at $520,000 after purchasing an additional 19,707 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Donegal Group by 30.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 75,833 shares of the insurance provider's stock worth $1,072,000 after buying an additional 17,614 shares in the last quarter. 27.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.