Key Points
- Mutual Insurance Co Donegal bought 7,104 shares of Donegal Group on Nov. 18 at an average price of $19.84, raising its stake to 13,760,774 shares (≈$273.0M) — a 0.05% increase, disclosed via an SEC filing.
- The insider has been steadily accumulating stock in November, with multiple purchases (including a 29,000‑share buy on Nov. 13) totaling over 117,000 shares across the listed trades.
- Donegal Group shares traded at $19.84 (up 1.7%); the company has a market cap of ~$726.8M, a P/E of 8.31, a 3.7% dividend yield, and recently reported an EPS beat of $0.52 vs. $0.37 consensus.
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 7,104 shares of the business's stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $19.84 per share, for a total transaction of $140,943.36. Following the acquisition, the insider owned 13,760,774 shares in the company, valued at approximately $273,013,756.16. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 Wednesday, November 19th, Mutual Insurance Co Donegal bought 7,587 shares of Donegal Group stock. The shares were purchased at an average price of $19.62 per share, with a total value of $148,856.94.
- On Monday, November 17th, Mutual Insurance Co Donegal bought 8,000 shares of Donegal Group stock. The stock was acquired at an average cost of $19.91 per share, for a total transaction of $159,280.00.
- On Friday, November 14th, Mutual Insurance Co Donegal purchased 8,000 shares of Donegal Group stock. The shares were acquired at an average cost of $19.92 per share, with a total value of $159,360.00.
- On Thursday, November 13th, Mutual Insurance Co Donegal acquired 29,000 shares of Donegal Group stock. The stock was acquired at an average price of $19.53 per share, with a total value of $566,370.00.
- On Wednesday, November 12th, Mutual Insurance Co Donegal acquired 6,794 shares of Donegal Group stock. The stock was acquired at an average price of $19.74 per share, for a total transaction of $134,113.56.
- On Tuesday, November 11th, Mutual Insurance Co Donegal bought 7,297 shares of Donegal Group stock. The shares were acquired at an average cost of $19.66 per share, for a total transaction of $143,459.02.
- On Monday, November 10th, Mutual Insurance Co Donegal purchased 8,000 shares of Donegal Group stock. The stock was acquired at an average cost of $19.36 per share, with a total value of $154,880.00.
- On Thursday, November 6th, Mutual Insurance Co Donegal purchased 8,000 shares of Donegal Group stock. The stock was bought at an average price of $19.13 per share, for a total transaction of $153,040.00.
- On Tuesday, November 4th, Mutual Insurance Co Donegal acquired 8,000 shares of Donegal Group stock. The shares were bought at an average cost of $18.71 per share, for a total transaction of $149,680.00.
- On Friday, September 12th, Mutual Insurance Co Donegal bought 20,000 shares of Donegal Group stock. The shares were bought at an average cost of $19.53 per share, for a total transaction of $390,600.00.
Donegal Group Trading Up 1.7%
Shares of NASDAQ DGICA traded up $0.34 during midday trading on Friday, hitting $19.84. 20,049 shares of the company traded hands, compared to its average volume of 129,995. Donegal Group, Inc. has a 12-month low of $14.17 and a 12-month high of $21.12. The firm has a market cap of $726.79 million, a P/E ratio of 8.31 and a beta of 0.01. The stock has a 50-day moving average price of $19.28 and a 200 day moving average price of $18.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.40.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.37 by $0.15. The business had revenue of $245.92 million during the quarter, compared to analyst estimates of $244.19 million. Donegal Group had a net margin of 8.33% and a return on equity of 14.33%. As a group, analysts expect that Donegal Group, Inc. will post 1.2 earnings per share for the current year.
Donegal Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.1825 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.73 annualized dividend and a dividend yield of 3.7%. Donegal Group's payout ratio is currently 30.17%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on DGICA shares. Janney Montgomery Scott upgraded Donegal Group from a "neutral" rating to a "buy" rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Donegal Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reissued a "buy (b)" rating on shares of Donegal Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Donegal Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $18.00.
Check Out Our Latest Stock Analysis on Donegal Group
Institutional Trading of Donegal Group
Several institutional investors have recently bought and sold shares of DGICA. Vanguard Group Inc. raised its holdings in Donegal Group by 4.0% in the third quarter. Vanguard Group Inc. now owns 1,008,217 shares of the insurance provider's stock worth $19,549,000 after buying an additional 39,181 shares during the last quarter. Geode Capital Management LLC raised its holdings in Donegal Group by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 409,082 shares of the insurance provider's stock worth $8,193,000 after acquiring an additional 25,259 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Donegal Group by 33.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,154 shares of the insurance provider's stock valued at $7,132,000 after acquiring an additional 88,462 shares in the last quarter. ProShare Advisors LLC boosted its stake in Donegal Group by 5.0% during the 3rd quarter. ProShare Advisors LLC now owns 332,503 shares of the insurance provider's stock valued at $6,447,000 after purchasing an additional 15,765 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Donegal Group by 9.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 208,922 shares of the insurance provider's stock worth $4,051,000 after purchasing an additional 17,546 shares in the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.
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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