Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 7,817 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $16.29 per share, with a total value of $127,338.93. Following the acquisition, the insider now owns 13,152,372 shares in the company, valued at $214,252,139.88. This represents a 0.06 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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, December 11th, Mutual Insurance Co Donegal bought 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 purchased 70,000 shares of Donegal Group stock. The shares were bought at an average price of $16.61 per share, with a total value of $1,162,700.00.
- On Friday, December 6th, Mutual Insurance Co Donegal acquired 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 bought 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 bought 8,354 shares of Donegal Group stock. The stock was purchased 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 purchased 8,300 shares of Donegal Group stock. The shares were purchased at an average price 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 purchased 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 cost of $16.19 per share, with a total value of $137,615.00.
- On Tuesday, November 19th, Mutual Insurance Co Donegal bought 37,748 shares of Donegal Group stock. The stock was acquired 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 purchased 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 Performance
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Shares of Donegal Group stock opened at $16.38 on Tuesday. The business's 50 day moving average price is $15.67 and its 200 day moving average price is $14.62. The company has a market cap of $555.28 million, a price-to-earnings ratio of 21.55 and a beta of -0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. Donegal Group Inc. has a one year low of $12.26 and a one year high of $17.00.
Donegal Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.20%. Donegal Group's payout ratio is 90.79%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Donegal Group from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th.
Check Out Our Latest Stock Report on Donegal Group
Institutional Investors Weigh In On Donegal Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P grew its holdings in shares of Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider's stock worth $329,000 after purchasing an additional 902 shares during the period. Innealta Capital LLC acquired a new position in Donegal Group in the second quarter valued at about $27,000. Hsbc Holdings PLC boosted its stake in Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider's stock worth $389,000 after buying an additional 2,250 shares during the period. Foundry Partners LLC increased its position in shares of Donegal Group by 1.0% during the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider's stock valued at $3,605,000 after acquiring an additional 2,310 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Donegal Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 364,313 shares of the insurance provider's stock valued at $5,371,000 after acquiring an additional 4,933 shares during the period. 27.96% of the stock is currently owned by institutional investors and hedge funds.
Donegal Group Company Profile
(
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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