Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Buys 15,000 Shares

Posted by Carol Hyndes on Mar 11th, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $17.83 per share, with a total value of $267,450.00. Following the completion of the transaction, the insider now owns 13,290,682 shares in the company, valued at $236,972,860.06. This trade represents a 0.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Friday, March 7th, Mutual Insurance Co Donegal acquired 14,608 shares of Donegal Group stock. The shares were bought at an average price of $17.96 per share, for a total transaction of $262,359.68.
On Wednesday, March 5th, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was bought at an average price of $17.98 per share, with a total value of $269,700.00.
On Monday, March 3rd, Mutual Insurance Co Donegal purchased 15,000 shares of Donegal Group stock. The stock was bought at an average price of $17.85 per share, with a total value of $267,750.00.
On Thursday, February 27th, Mutual Insurance Co Donegal purchased 14,700 shares of Donegal Group stock. The stock was purchased at an average price of $17.06 per share, with a total value of $250,782.00.
On Tuesday, February 25th, Mutual Insurance Co Donegal acquired 12,000 shares of Donegal Group stock. The shares were purchased at an average price of $16.49 per share, for a total transaction of $197,880.00.
On Friday, December 13th, Mutual Insurance Co Donegal acquired 7,817 shares of Donegal Group stock. The stock was acquired at an average cost of $16.29 per share, with a total value of $127,338.93.
On Wednesday, December 11th, Mutual Insurance Co Donegal acquired 8,729 shares of Donegal Group stock. The shares were acquired at an average price of $16.37 per share, for a total transaction of $142,893.73.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA traded up $0.20 during trading on Tuesday, hitting $17.77. 2,116 shares of the company traded hands, compared to its average volume of 72,274. The stock has a market capitalization of $602.16 million, a price-to-earnings ratio of 11.66 and a beta of -0.04. Donegal Group Inc. has a one year low of $12.26 and a one year high of $18.19. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average is $15.46 and its 200-day moving average is $15.42.

Donegal Group (NASDAQ:DGICA – Get Free Report) last issued its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The firm had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. As a group, equities analysts predict that Donegal Group Inc. will post 1.2 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is 45.39%.

Institutional Investors Weigh In On Donegal Group

A number of hedge funds and other institutional investors have recently modified their holdings of DGICA. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Donegal Group by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock worth $3,647,000 after purchasing an additional 130,489 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Donegal Group by 29.5% during the 4th quarter. Renaissance Technologies LLC now owns 429,106 shares of the insurance provider’s stock valued at $6,638,000 after purchasing an additional 97,795 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Donegal Group by 351.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 107,951 shares of the insurance provider’s stock worth $1,670,000 after buying an additional 84,029 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Donegal Group by 170.8% in the fourth quarter. Millennium Management LLC now owns 103,296 shares of the insurance provider’s stock valued at $1,598,000 after buying an additional 65,146 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Donegal Group by 137.8% during the fourth quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider’s stock valued at $1,615,000 after buying an additional 60,491 shares in the last quarter. 27.96% of the stock is currently owned by institutional investors.

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.