Mutual Insurance Co Donegal bought 9,616 shares of Donegal Group Inc. (NASDAQ: DGICA) Stock

The main shareholder of Donegal Group Inc. (NASDAQ:DGICA – Get Rating) Mutual Insurance Co Donegal acquired 9,616 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was purchased at an average price of $15.31 per share, with a total value of $147,220.96. Following the acquisition, the insider now owns 11,093,802 shares in the company, valued at $169,846,108.62. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Large shareholders who own at least 10% of a company’s stock are required to disclose their transactions to the SEC.

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

  • On Friday, August 19th Mutual Insurance Co Donegal bought 9,546 shares of Donegal Group stock. The shares were purchased at an average price of $15.49 per share, with a total value of $147,867.54.
  • On Wednesday, August 17th Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The shares were acquired at an average price of $15.47 per share, with a total value of $154,700.00.
  • On Monday, August 15th, Mutual Insurance Co Donegal purchased 9,900 shares of Donegal Group stock. The shares were purchased at an average price of $15.35 per share, for a total value of $151,965.00.
  • On Friday, August 12th, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was bought at an average price of $15.07 per share, for a total transaction of $150,700.00.
  • On Wednesday, August 10th, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The stock was bought at an average price of $14.76 per share, for a total transaction of $147,600.00.
  • On Monday, August 8th, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The shares were purchased at an average price of $14.65 per share, for a total value of $146,500.00.
  • On Thursday, August 4th, Mutual Insurance Co Donegal bought 9,771 shares of Donegal Group stock. The shares were acquired at an average price of $14.37 per share, with a total value of $140,409.27.
  • On Tuesday, August 2nd, Mutual Insurance Co Donegal acquired 25,080 shares of Donegal Group stock. The shares were purchased at an average price of $14.54 per share, with a total value of $364,663.20.
  • On Monday, June 13th, Mutual Insurance Co Donegal purchased 25,317 shares of Donegal Group stock. The shares were acquired at an average price of $16.03 per share, with a total value of $405,831.51.
  • On Friday, June 10th Mutual Insurance Co Donegal bought 18,700 shares of Donegal Group stock. The stock was bought at an average price of $16.27 per share, for a total transaction of $304,249.00.

Presentation of Donegal Group shares

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NASDAQ DGICA traded down $0.20 on Tuesday, reaching $15.03. The stock had a trading volume of 234 shares, compared to its average volume of 134,538. Donegal Group Inc. has a one year low of $13.09 and a one year high of $17.13. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.07. The stock has a market cap of $472.24 million, a price-to-earnings ratio of 125.25 and a beta of -0.08. The company’s 50-day moving average is $15.86, and its two-hundred-day moving average is $14.82.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a $0.165 dividend. This represents a $0.66 annual dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, July 29th. Donegal Group’s dividend payout ratio (DPR) is currently 550.00%.

Donegal Group Institutional Trading

Large investors have recently added to or reduced their stakes in the business. Foundry Partners LLC acquired a new position in shares of Donegal Group in the second quarter valued at $2,226,000. Renaissance Technologies LLC boosted its holdings in shares of Donegal Group by 16.9% in the first quarter. Renaissance Technologies LLC now owns 558,611 shares of the insurance provider’s stock worth $7,491,000 after acquiring an additional 80,800 shares during the period. Keeley Teton Advisors LLC boosted its holdings in Donegal Group by 689.4% in the first quarter. Keeley Teton Advisors LLC now owns 88,832 shares of the insurance provider’s stock valued at $1,191,000 after buying an additional 77,579 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Donegal Group by 191.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 117,369 shares of the insurance provider’s stock valued at $2,001,000 after purchasing an additional 77,157 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Donegal Group by 92.1% in the second quarter. Citadel Advisors LLC now owns 102,443 shares of the insurance provider’s stock valued at $1,747,000 after buying an additional 49,107 shares in the last quarter. 30.02% of the shares are currently owned by institutional investors.

Changes in analyst ratings

Separately, StockNews.com cut shares of Donegal Group from a “buy” rating to a “hold” rating in a research report on Monday, August 8th.

Donegal Group Company Profile

(Get Rating)

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals. It operates through three segments: investment function, personal insurance lines and commercial insurance lines. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage resulting from automobile accidents, as well as protection against loss from damage to automobiles; and homeowner policies that provide coverage for damage to homes and their contents from a range of perils, including fire, lightning, storm and theft, as well as the insured’s liability arising from injury to others or their property.

More information

Insider Buying and Selling by Quarter for Donegal Group (NASDAQ:DGICA)

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