Mutual Insurance Company Donegal purchased 9,616 shares of Donegal Group Inc. (NASDAQ:DGICA) stock.

Donegal Group Inc (NASDAQ:DGICA – Avail Rating) major shareholder Mutual Insurance Company Donegal acquired 9,616 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was purchased at an average cost 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 through the SEC website. Large shareholders owning at least 10% of the company’s shares are required to disclose their transactions with the SEC.

Mutual Insurance Company Donegal recently carried out the following business(es):

  • On Friday, August 19th, Donegal Mutual Insurance Co bought 9,546 shares of Donegal Group stock. The shares were purchased at an average cost of $15.49 per share, with a total value of $147,867.54.
  • On Wednesday, August 17th, Mutual Insurance Company Donegal acquired 10,000 shares of Donegal Group stock. The stock was 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 bought 9,900 shares of Donegal Group stock. The shares were purchased at an average price of $15.35 per share, with a total value of $151,965.00.
  • On Friday, August 12th, Donegal Mutual Insurance Company purchased 10,000 shares of Donegal Group stock. The shares were bought at an average cost of $15.07 per share, for a total transaction of $150,700.00.
  • On Wednesday, August 10th, Donegal Mutual Insurance Company purchased 10,000 shares of Donegal Group stock. The shares were purchased at an average cost of $14.76 per share, for a total transaction amounting to $147,600.00.
  • On Monday, August 8th, Mutual Insurance Company Donegal purchased 10,000 shares of Donegal Group stock. The shares were purchased at an average price of $14.65 per share, with a total value of $146,500.00.
  • Donegal Mutual Insurance Company purchased 9,771 shares of Donegal Group stock in a transaction on Thursday, August 4th. The stock was 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 bought 25,080 shares of Donegal Group stock. The shares were purchased at an average cost of $14.54 per share, with a total value of $364,663.20.
  • On Monday, June 13th, Donegal Mutual Insurance Company purchased 25,317 shares of Donegal Group stock. The shares were acquired at an average cost of $16.03 per share, with a total value of $405,831.51.
  • On Friday, June 10th, Donegal Mutual Insurance Company purchased 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.

Donegal Group stock performance

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NASDAQ DGICA traded down $0.20 on Tuesday, hitting $15.03. The stock traded volume was 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 has a 50-day moving average of $15.86 and a 200-day moving average of $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 issued 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 29. Donegal Group’s dividend payout ratio (DPR) is currently 550.00%.

Donegal Group’s Institutional Business

Major investors have recently added to or reduced their stakes in the business. Foundry Partners LLC acquired a new position in shares of Donegal Group during the second quarter worth $2,226,000. Renaissance Technologies LLC lifted 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 lifted its holdings in Donegal Group by 689.4% during 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 during the last quarter. Allspring Global Investments Holdings LLC lifted 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 lifted its holdings in Donegal Group by 92.1% during 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. Currently, 30.02% of the shares are owned by institutional investors.

Analyst rating changes

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, offers personal and commercial lines of 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 coverage against liability for bodily injury and property damage arising from automobile accidents, as well as coverage for damages resulting from damage to the automobile; and homeowners policies, which provide coverage for damage to the dwelling and its contents from a range of perils, including fire, lightning, wind, and theft, as well as the insured’s liability arising from injury to other persons or their property.

Further reading

Insider Buys and Sells for Donegal Group (NASDAQ: DGICA ) by Quarter

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