Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 7,500 shares of Donegal Group stock in a transaction on Friday, November 6th. The stock was bought at an average cost of $18.74 per share, with a total value of $140,550.00. Following the transaction, the insider directly owned 14,435,128 shares of the company’s stock, valued at approximately $270,514,298.72. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Mutual Insurance Co Donegal also recently made the following trade(s):
- On Thursday, November 5th, Mutual Insurance Co Donegal acquired 25,500 shares of Donegal Group stock. The shares were bought at an average cost of $18.86 per share, for a total transaction of $480,930.00.
- On Tuesday, November 3rd, Mutual Insurance Co Donegal acquired 7,500 shares of Donegal Group stock. The stock was bought at an average cost of $18.69 per share, for a total transaction of $140,175.00.
- On Friday, September 11th, Mutual Insurance Co Donegal acquired 54,725 shares of Donegal Group stock. The stock was bought at an average cost of $19.23 per share, for a total transaction of $1,052,361.75.
- On Wednesday, September 9th, Mutual Insurance Co Donegal bought 13,469 shares of Donegal Group stock. The stock was bought at an average price of $19.13 per share, with a total value of $257,661.97.
- On Thursday, September 10th, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The shares were bought at an average cost of $19.13 per share, with a total value of $191,300.00.
- On Tuesday, September 8th, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The shares were bought at an average price of $19.14 per share, for a total transaction of $191,400.00.
- On Friday, September 4th, Mutual Insurance Co Donegal purchased 6,368 shares of Donegal Group stock. The stock was purchased at an average cost of $19.39 per share, for a total transaction of $123,475.52.
- On Thursday, September 3rd, Mutual Insurance Co Donegal purchased 9,595 shares of Donegal Group stock. The stock was purchased at an average cost of $19.53 per share, for a total transaction of $187,390.35.
- On Wednesday, September 2nd, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was purchased at an average price of $19.43 per share, with a total value of $194,300.00.
- On Tuesday, September 1st, Mutual Insurance Co Donegal acquired 9,257 shares of Donegal Group stock. The shares were purchased at an average cost of $19.17 per share, with a total value of $177,456.69.
Donegal Group Price Performance
NASDAQ DGICA opened at $18.73 on Monday. Donegal Group, Inc. has a 1 year low of $16.11 and a 1 year high of $21.06. The company has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $18.14. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a market cap of $695.26 million, a P/E ratio of 10.02 and a beta of -0.03.
Donegal Group (NASDAQ:DGICA – Get Free Report) last announced its earnings results on Thursday, October 29th. The insurance provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $237.66 million for the quarter, compared to the consensus estimate of $214.12 million. Donegal Group had a net margin of 7.24% and a return on equity of 10.49%. On average, sell-side analysts predict that Donegal Group, Inc. will post 1.75 EPS for the current year.
Donegal Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be 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 is Monday, November 2nd. Donegal Group’s dividend payout ratio (DPR) is currently 41.18%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Zacks Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Weiss Ratings upgraded Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.00.
View Our Latest Research Report on DGICA
Institutional Investors Weigh In On Donegal Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in Donegal Group by 214.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,889 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 4,016 shares during the period. IFP Advisors Inc raised its stake in Donegal Group by 27.8% during the 2nd quarter. IFP Advisors Inc now owns 9,214 shares of the insurance provider’s stock valued at $174,000 after purchasing an additional 2,004 shares during the last quarter. State of Wyoming bought a new stake in Donegal Group in the 3rd quarter valued at $177,000. Allianz Asset Management GmbH bought a new stake in Donegal Group in the 2nd quarter valued at $220,000. Finally, Amundi bought a new stake in Donegal Group in the 1st quarter valued at $206,000. Institutional investors and hedge funds own 27.96% of the company’s stock.
About Donegal Group
Donegal Group Inc (NASDAQ: DGICA) is an insurance holding company that, through its insurance subsidiaries, provides property and casualty insurance products to individuals and businesses. The company operates under the strategic direction of Donegal Mutual Insurance Company, which owns a controlling interest in Donegal Group.
Its personal insurance offerings include automobile, homeowners, dwelling fire, farmowners and related coverage. Donegal Group also provides commercial insurance products, including businessowners, commercial automobile, commercial property and workers’ compensation coverage, along with other specialized property and casualty policies.
Founded in 1986 and headquartered in Marietta, Pennsylvania, Donegal Group serves policyholders through independent agents across a broad group of states, primarily in the Mid-Atlantic, Southern and Midwestern regions of the United States.
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