Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 10,000 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of $18.68 per share, with a total value of $186,800.00. Following the completion of the acquisition, the insider directly owned 14,204,206 shares of the company's stock, valued at $265,334,568.08. The trade was a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Mutual Insurance Co Donegal also recently made the following trade(s):
- On Monday, August 24th, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was bought at an average price of $19.06 per share, for a total transaction of $190,600.00.
- On Thursday, August 20th, Mutual Insurance Co Donegal bought 9,815 shares of Donegal Group stock. The stock was bought at an average cost of $18.66 per share, with a total value of $183,147.90.
- On Wednesday, August 19th, Mutual Insurance Co Donegal bought 9,700 shares of Donegal Group stock. The shares were bought at an average price of $18.61 per share, with a total value of $180,517.00.
- On Monday, August 17th, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The shares were purchased at an average cost of $18.52 per share, for a total transaction of $185,200.00.
- On Thursday, August 6th, Mutual Insurance Co Donegal acquired 18,000 shares of Donegal Group stock. The stock was purchased at an average cost of $19.67 per share, with a total value of $354,060.00.
- On Friday, June 12th, Mutual Insurance Co Donegal acquired 9,682 shares of Donegal Group stock. The shares were purchased at an average price of $17.62 per share, with a total value of $170,596.84.
- On Thursday, June 11th, Mutual Insurance Co Donegal bought 9,900 shares of Donegal Group stock. The stock was purchased at an average cost of $17.56 per share, for a total transaction of $173,844.00.
- On Wednesday, June 3rd, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was purchased at an average cost of $16.62 per share, for a total transaction of $166,200.00.
- On Monday, June 1st, Mutual Insurance Co Donegal purchased 8,500 shares of Donegal Group stock. The shares were acquired at an average cost of $16.76 per share, with a total value of $142,460.00.
- On Thursday, May 28th, Mutual Insurance Co Donegal acquired 8,500 shares of Donegal Group stock. The stock was acquired at an average price of $16.98 per share, for a total transaction of $144,330.00.
Donegal Group Stock Performance
DGICA opened at $19.13 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a market cap of $710.11 million, a price-to-earnings ratio of 9.91 and a beta of -0.01. The company's 50 day moving average is $18.77 and its 200 day moving average is $17.89. Donegal Group, Inc. has a 12-month low of $16.11 and a 12-month high of $21.06.
Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its earnings results on Thursday, July 30th. The insurance provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.11. The business had revenue of $241.12 million during the quarter, compared to analysts' expectations of $231.53 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. On average, equities research analysts predict that Donegal Group, Inc. will post 1.75 EPS for the current year.
Donegal Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, July 31st. Donegal Group's payout ratio is presently 39.90%.
Institutional Trading of Donegal Group
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Donegal Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider's stock valued at $29,846,000 after acquiring an additional 7,345 shares during the last quarter. Vanguard Group Inc. lifted its position in Donegal Group by 4.0% during the third quarter. Vanguard Group Inc. now owns 1,008,217 shares of the insurance provider's stock valued at $19,549,000 after purchasing an additional 39,181 shares during the last quarter. Geode Capital Management LLC lifted its position in Donegal Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 534,703 shares of the insurance provider's stock valued at $10,685,000 after purchasing an additional 11,891 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Donegal Group by 5.8% in the 1st quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider's stock worth $6,747,000 after buying an additional 21,500 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Donegal Group by 0.8% in the 4th quarter. State Street Corp now owns 391,729 shares of the insurance provider's stock worth $7,827,000 after buying an additional 3,290 shares in the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target on Donegal Group from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Donegal Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Donegal Group has an average rating of "Moderate Buy" and a consensus price target of $20.00.
Read Our Latest Analysis on Donegal Group
About Donegal Group
(
Get Free Report)
Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.
The company's origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
