Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 8,729 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $16.37 per share, for a total transaction of $142,893.73. Following the purchase, the insider now owns 13,134,755 shares in the company, valued at approximately $215,015,939.35. This trade represents a 0.07 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Monday, December 9th, Mutual Insurance Co Donegal purchased 70,000 shares of Donegal Group stock. The stock was bought at an average cost of $16.61 per share, for a total transaction of $1,162,700.00.
- On Friday, December 6th, Mutual Insurance Co Donegal bought 270,000 shares of Donegal Group stock. The stock was purchased 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 purchased 9,522 shares of Donegal Group stock. The shares were purchased at an average cost of $16.54 per share, with a total value of $157,493.88.
- On Monday, December 2nd, Mutual Insurance Co Donegal purchased 8,354 shares of Donegal Group stock. The stock was purchased at an average cost of $16.73 per share, with a total value of $139,762.42.
- On Friday, November 29th, Mutual Insurance Co Donegal bought 8,300 shares of Donegal Group stock. The stock was acquired at an average cost of $16.59 per share, with a total value of $137,697.00.
- On Wednesday, November 27th, Mutual Insurance Co Donegal acquired 8,500 shares of Donegal Group stock. The stock was acquired at an average price of $16.47 per share, with a total value of $139,995.00.
- On Monday, November 25th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were bought 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 purchased 37,748 shares of Donegal Group stock. The shares were bought at an average price of $15.81 per share, with a total value of $596,795.88.
- On Wednesday, November 13th, Mutual Insurance Co Donegal acquired 8,100 shares of Donegal Group stock. The stock was bought at an average cost of $15.93 per share, for a total transaction of $129,033.00.
- On Monday, November 11th, Mutual Insurance Co Donegal bought 8,170 shares of Donegal Group stock. The shares were bought at an average cost of $15.95 per share, with a total value of $130,311.50.
Donegal Group Stock Down 0.6 %
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Donegal Group stock opened at $16.33 on Friday. The firm has a market cap of $553.59 million, a price-to-earnings ratio of 21.49 and a beta of -0.03. The firm has a fifty day moving average price of $15.63 and a two-hundred day moving average price of $14.57. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.21%. Donegal Group's dividend payout ratio (DPR) is presently 90.79%.
Institutional Investors Weigh In On Donegal Group
Hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Donegal Group during the 2nd quarter valued at $27,000. Martingale Asset Management L P raised its position in shares of Donegal Group by 4.2% during the third 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 lifted its stake in shares of Donegal Group by 7.8% in the second 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 period. Squarepoint Ops LLC acquired a new position in Donegal Group in the 2nd quarter valued at approximately $448,000. Finally, Los Angeles Capital Management LLC lifted 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 worth $520,000 after acquiring an additional 19,707 shares during the period. 27.96% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Donegal Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 25th.
Get Our Latest Report on Donegal Group
About Donegal Group
(
Get Free Report)
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.
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