Donegal Group Inc. (NASDAQ:DGICA) Major shareholder Mutual insurance company Donegal bought 18,700 shares
Donegal Group Inc. (NASDAQ: DGICA – GET RATING) Major shareholder mutual insurance company Donegal purchased 18,700 shares of the company’s stock in a transaction of Friday, June 10th. The stock was purchased at an average price of $16.27 per share with a total value of $304,249.00. Following the acquisition, Insider now owns 10,864,157 shares in the company, which is valued at approximately $176,759,834.39. The purchase was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC website. Large shareholders who own 10% or more of the company’s stock are required to disclose their sales and purchases with the SEC.
Mutual insurance company Donegal has also done the following trades recently:
- On Monday, June 13, mutual insurance company Donegal purchased 25,317 shares of Donegal Group’s stock. The stock was purchased at an average price of $16.03 per share, for a total value of $405,831.51.
- On Wednesday, June 8, mutual insurance company Donegal purchased 10,075 shares of Donegal Group stock. The stock was purchased at an average price of $16.25 per share, for a total value of $163,718.75.
- On Monday, June 6, mutual insurance company Donegal purchased 20,000 shares of Donegal Group stock. The stock was purchased at an average price of $16.29 per share, with a total value of $325,800.00.
- On Thursday, June 2, mutual insurance company Donegal purchased 18,275 shares of Donegal Group stock. The stock was purchased at an average price of $16.05 per share, for a total value of $293,313.75.
- On Thursday, May 26, mutual insurance company Donegal acquired 3,637 shares of Donegal Group stock. Shares were acquired at an average price of $15.84 per share with a total value of $57,610.08.
- On Tuesday, May 24, Donegal Mutual Insurance Company acquired 11,413 shares of Donegal Group stock. The shares were acquired at an average price of $15.83 per share with a total value of $180,667.79.
- On Sunday, May 22, mutual insurance company Donegal acquired 13,281 shares of Donegal Group stock. Shares were acquired at an average price of $15.56 per share with a total value of $206,652.36.
- On Wednesday, May 18, mutual insurance company Donegal acquired 6,344 shares of Donegal Group stock. The shares were acquired at an average price of $15.51 per share with a total value of $98,395.44.
- Mutual insurance company Donegal bought 6,480 shares of Donegal Group stock on Monday, May 16. The stock was purchased at an average price of $15.32 per share, for a total value of $99,273.60.
- On Friday, May 13, mutual insurance company Donegal bought 10,895 shares of Donegal Group stock. The stock was purchased at an average price of $15.02 per share, with a total value of $163,642.90.
Shares of DGICA opened at $16.04 on Tuesday. Donegal Group Inc. has a twelve-month low of $13.09 and a twelve-month high of $16.50. The stock has a market capitalization of $503.98 million, a price-to-earnings ratio of 17.63 and a beta of 0.04. The stock has a fifty-day simple moving average of $14.70 and a two-hundred-day simple moving average of $14.25. The company’s current ratio is 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07.
Donegal Group (NASDAQ: DGICA – GET RATINGS) last announced its earnings results on Thursday, April 28. The insurance provider reported earnings per share (EPS) of $0.43 for the quarter, beating the consensus estimate of $0.28 by $0.15. Donegal Group had a return on equity of 4.62% and a net margin of 3.37%. The company’s revenue for the quarter was $207.60 million, compared to analyst estimates of $211.20 million. Research analysts estimate Donegal Group Inc. to post 0.9 EPS for the current fiscal.
The business also recently announced a quarterly dividend, which was paid on Monday, May 16. A $0.165 dividend was paid to shareholders of record on Monday, May 2. This is an increase from Donegal Group’s last quarter dividend of $0.16. The ex-dividend date was Friday, April 29. This represents a $0.66 dividend and a dividend yield of 4.11% on an annualized basis. Donegal Group’s dividend payout ratio currently stands at 72.53%.
Several hedge funds have recently revised their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in Donegal Group for $686,000 during the fourth quarter. Minerva Advisors LLC increased its stake in Donegal Group by 60.3% in the fourth quarter. After purchasing an additional 11,384 shares during the period, Minerva Advisors LLC now owns 30,265 shares of the insurance provider’s stock, valued at $431,000. Dimension Fund Advisors LP increased its stake in Donegal Group by 0.4% during the third quarter. After purchasing an additional 7,074 shares during the previous quarter, Dimensional Fund Advisors LP now holds 1,707,131 shares of the insurance provider’s stock, valued at $24,737,000. Credit Suisse AG purchased a new stake in the Donegal Group valued at approximately $156,000 during the third quarter. Finally, Citigroup Inc. increased its stake in Donegal Group to 106.9% during the fourth quarter. After purchasing an additional 2,081 shares during the previous quarter, Citigroup Inc. Ltd. now holds 4,028 shares worth 58,000 shares of the insurance provider. Institutional investors hold 30.02% of the company’s stock.
Separately, StockNews.com upgraded Donegal Group from a “hold” rating to a “buy” rating in a report on Thursday, April 28.
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 functions, personal lines of insurance and commercial lines of insurance. The company provides private passenger automobile policies that protect against bodily injury and property damage resulting from automobile accidents, as well as damage to automobiles; and homeowner’s policies, which provide coverage for damage to dwellings and their contents from a variety of perils, including fire, lightning, typhoon, and theft, as well as for insured persons arising from injury to other persons or their property also provides liability of
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