Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal bought 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was bought at an average price of $19.06 per share, for a total transaction of $190,600.00. Following the completion of the purchase, the insider directly owned 14,224,206 shares in the company, valued at approximately $271,113,366.36. This represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Large 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 Wednesday, August 26th, Mutual Insurance Co Donegal purchased 9,508 shares of Donegal Group stock. The shares were bought at an average cost of $19.11 per share, with a total value of $181,697.88.
- On Friday, August 21st, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The stock was purchased at an average price of $18.68 per share, with a total value of $186,800.00.
- On Thursday, August 20th, Mutual Insurance Co Donegal acquired 9,815 shares of Donegal Group stock. The shares were purchased at an average price of $18.66 per share, for a total transaction of $183,147.90.
- On Wednesday, August 19th, Mutual Insurance Co Donegal bought 9,700 shares of Donegal Group stock. The shares were purchased at an average cost of $18.61 per share, with a total value of $180,517.00.
- On Monday, August 17th, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was purchased at an average price of $18.52 per share, with a total value of $185,200.00.
- On Thursday, August 6th, Mutual Insurance Co Donegal purchased 18,000 shares of Donegal Group stock. The shares were purchased at an average cost of $19.67 per share, for a total transaction of $354,060.00.
- On Friday, June 12th, Mutual Insurance Co Donegal purchased 9,682 shares of Donegal Group stock. The shares were purchased at an average price of $17.62 per share, for a total transaction of $170,596.84.
- On Thursday, June 11th, Mutual Insurance Co Donegal acquired 9,900 shares of Donegal Group stock. The stock was purchased at an average price of $17.56 per share, with a total value of $173,844.00.
- On Wednesday, June 3rd, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was acquired at an average cost of $16.62 per share, with a total value of $166,200.00.
- On Monday, June 1st, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were acquired at an average price of $16.76 per share, for a total transaction of $142,460.00.
Donegal Group Price Performance
Shares of DGICA opened at $18.98 on Friday. The company has a 50 day moving average price of $18.83 and a 200-day moving average price of $17.89. Donegal Group, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $21.06. The stock has a market capitalization of $704.54 million, a PE ratio of 9.83 and a beta of -0.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39.
Donegal Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, July 31st. Donegal Group’s payout ratio is presently 39.90%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Donegal Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.
Get Our Latest Stock Analysis on Donegal Group
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of DGICA. CANADA LIFE ASSURANCE Co lifted its stake in shares of Donegal Group by 31.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 3,733 shares of the insurance provider’s stock worth $75,000 after buying an additional 896 shares during the period. Strs Ohio raised its stake in Donegal Group by 3.7% in the 4th quarter. Strs Ohio now owns 28,300 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Donegal Group by 8.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,215 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 1,000 shares during the period. Qube Research & Technologies Ltd lifted its position in Donegal Group by 1.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 132,848 shares of the insurance provider’s stock worth $2,576,000 after acquiring an additional 1,274 shares during the period. Finally, Mariner LLC grew its stake in Donegal Group by 9.9% during the 4th quarter. Mariner LLC now owns 14,874 shares of the insurance provider’s stock valued at $297,000 after purchasing an additional 1,342 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.
Donegal Group Company Profile
Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.
The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.
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