Key Points
- Mutual Insurance Co Donegal purchased 27,524 shares of Donegal Group on December 8 at an average price of $19.53 (totaling $537,543.72), bringing its holdings to 13,862,885 shares — a reported 0.20% increase — as disclosed in an SEC filing.
- The purchase is part of an ongoing accumulation (multiple buys in Nov–Dec, including 51,404 shares at $17.86 on Nov 21), while Donegal Group shows a 3.6% dividend yield, a P/E of 8.3, ~$736M market cap and a recent quarterly EPS beat ($0.52 vs. $0.37 consensus).
Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal bought 27,524 shares of the stock in a transaction dated Monday, December 8th. The stock was bought at an average price of $19.53 per share, with a total value of $537,543.72. Following the purchase, the insider owned 13,862,885 shares of the company's stock, valued at approximately $270,742,144.05. This represents a 0.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Mutual Insurance Co Donegal also recently made the following trade(s):
- On Tuesday, December 9th, Mutual Insurance Co Donegal purchased 28,000 shares of Donegal Group stock. The stock was bought at an average price of $19.81 per share, with a total value of $554,680.00.
- On Monday, December 1st, Mutual Insurance Co Donegal acquired 15,000 shares of Donegal Group stock. The shares were purchased at an average price of $20.20 per share, for a total transaction of $303,000.00.
- On Wednesday, November 26th, Mutual Insurance Co Donegal bought 5,000 shares of Donegal Group stock. The shares were purchased at an average cost of $20.25 per share, for a total transaction of $101,250.00.
- On Tuesday, November 25th, Mutual Insurance Co Donegal purchased 8,000 shares of Donegal Group stock. The shares were purchased at an average cost of $20.18 per share, with a total value of $161,440.00.
- On Friday, November 21st, Mutual Insurance Co Donegal acquired 51,404 shares of Donegal Group stock. The stock was purchased at an average price of $17.86 per share, for a total transaction of $918,075.44.
- On Thursday, November 20th, Mutual Insurance Co Donegal acquired 8,000 shares of Donegal Group stock. The stock was purchased at an average cost of $19.49 per share, with a total value of $155,920.00.
- On Wednesday, November 19th, Mutual Insurance Co Donegal bought 7,587 shares of Donegal Group stock. The shares were acquired at an average cost of $19.62 per share, for a total transaction of $148,856.94.
- On Tuesday, November 18th, Mutual Insurance Co Donegal purchased 7,104 shares of Donegal Group stock. The stock was acquired at an average price of $19.84 per share, for a total transaction of $140,943.36.
- On Monday, November 17th, Mutual Insurance Co Donegal acquired 8,000 shares of Donegal Group stock. The shares were acquired at an average price of $19.91 per share, with a total value of $159,280.00.
- On Friday, November 14th, Mutual Insurance Co Donegal acquired 8,000 shares of Donegal Group stock. The shares were acquired at an average price of $19.92 per share, for a total transaction of $159,360.00.
Donegal Group Stock Performance
Donegal Group stock opened at $20.09 on Thursday. Donegal Group, Inc. has a 52 week low of $14.17 and a 52 week high of $21.12. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. The stock has a market cap of $736.10 million, a P/E ratio of 8.30 and a beta of 0.04. The stock has a 50 day moving average of $19.46 and a 200-day moving average of $18.94.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.15. Donegal Group had a net margin of 8.72% and a return on equity of 14.28%. The business had revenue of $245.92 million during the quarter, compared to analyst estimates of $244.19 million. On average, analysts expect that Donegal Group, Inc. will post 1.2 EPS for the current fiscal year.
Donegal Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.73 annualized dividend and a dividend yield of 3.6%. Donegal Group's dividend payout ratio (DPR) is presently 30.17%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of DGICA. State of Alaska Department of Revenue bought a new stake in shares of Donegal Group during the third quarter valued at about $26,000. Allworth Financial LP increased its stake in Donegal Group by 477.2% during the 2nd quarter. Allworth Financial LP now owns 2,961 shares of the insurance provider's stock valued at $59,000 after buying an additional 2,448 shares during the period. Versant Capital Management Inc raised its position in shares of Donegal Group by 79.1% during the 3rd quarter. Versant Capital Management Inc now owns 3,009 shares of the insurance provider's stock worth $58,000 after buying an additional 1,329 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Donegal Group by 422.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the insurance provider's stock worth $74,000 after acquiring an additional 2,975 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Donegal Group by 443.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the insurance provider's stock valued at $99,000 after acquiring an additional 4,022 shares in the last quarter. Institutional investors own 27.96% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DGICA. Janney Montgomery Scott upgraded Donegal Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Donegal Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Donegal Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $18.00.
Get Our Latest Stock Report on Donegal Group
About Donegal Group
(
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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