Donegal Group Inc. (NASDAQ:DGICA – Get Rating ) major shareholder Mutual Insurance Co Donegal acquired 9,616 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was bought at an average cost of $15.31 per share, with a total value of $147,220.96. Following the purchase, 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’s website. Large shareholders who own at least 10% of a company’s stock are required to disclose their transactions to the SEC.
Mutual Insurance Co Donegal also recently made the following trade(s):
- On Friday, August 19th, Donegal Mutual Insurance Co acquired 9,546 shares of Donegal Group stock. The shares were bought at an average cost of $15.49 per share, with a total value of $147,867.54.
- On Wednesday, August 17th, Donegal Mutual Insurance Co bought 10,000 shares of Donegal Group stock. The stock was bought at an average price of $15.47 per share, with a total value of $154,700.00.
- On Monday, August 15th, Donegal Mutual Insurance Co acquired 9,900 shares of Donegal Group stock. The shares were bought at an average price of $15.35 per share, with a total value of $151,965.00.
- On Friday, August 12th, Donegal Mutual Insurance Co bought 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 Co acquired 10,000 shares of Donegal Group stock. The shares were bought at an average cost of $14.76 per share, for a total transaction of $147,600.00.
- On Monday, August 8th, Donegal Mutual Insurance Co acquired 10,000 shares of Donegal Group stock. The shares were bought at an average price of $14.65 per share, with a total value of $146,500.00.
- On Thursday, August 4th, Donegal Mutual Insurance Co bought 9,771 shares of Donegal Group stock. The stock was bought at an average price of $14.37 per share, with a total value of $140,409.27.
- On Tuesday, August 2nd, Donegal Mutual Insurance Co purchased 25,080 shares of Donegal Group stock. The shares were bought at an average cost of $14.54 per share, with a total value of $364,663.20.
- On Monday, June 13th, Donegal Mutual Insurance Co purchased 25,317 shares of Donegal Group stock. The shares were bought at an average cost of $16.03 per share, with a total value of $405,831.51.
- On Friday, June 10th, Donegal Mutual Insurance Co 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 share performance
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1 Stock with growth potential
This may be one of the best stocks to consider during this bear market.
NASDAQ DGICA traded up $0.20 on Tuesday, reaching $15.03. The stock had a trading volume of 234 shares, compared to its average volume of 134,538. Donegal Group Inc. it 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’s 50-day moving average is $15.86, and its two-hundred-day moving average is $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 given a $0.165 dividend. This represents an annual dividend of $0.66 and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, July 29th. Donegal Group’s dividend payout ratio (DPR) is currently 550.00%.
Donegal Group Institutional Trading
Large investors have recently added or reduced their stakes in the business. Foundry Partners LLC acquired a new position in shares of Donegal Group during the second quarter valued at $2,226,000. Renaissance Technologies LLC raised its holdings in shares of Donegal Group by 16.9% during the first quarter. Renaissance Technologies LLC now owns 558,611 shares of the insurance provider’s stock valued at $7,491,000 after purchasing 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 worth $1,191,000 after buying an additional 77,579 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Donegal Group by 191.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 117,369 shares of the insurance provider’s stock worth $2,001,000 after purchasing an additional 77,157 shares during the last quarter. Finally, Citadel Advisors LLC raised 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 during the last quarter. 30.02% of the shares are currently owned by institutional investors.
Changes in analysts’ estimates
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 in 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 resulting from automobile accidents, as well as protection against loss from damage to vehicles; and homeowner’s policies, which provide coverage for damage to dwellings and their contents from a variety of perils, including fire, lightning, windstorm and theft, as well as the insured’s liability arising from injury to other persons or their property.
Further reading
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