Insider Buying: Donegal Group Inc. (NASDAQ:DGICA) Major Shareholder Purchases $197,880.00 in Stock

Posted by Jim Brewer on Mar 2nd, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal bought 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $16.49 per share, for a total transaction of $197,880.00. Following the transaction, the insider now owns 13,164,372 shares in the company, valued at $217,080,494.28. This trade represents a 0.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Friday, December 13th, Mutual Insurance Co Donegal acquired 7,817 shares of Donegal Group stock. The shares were bought at an average cost of $16.29 per share, for a total transaction of $127,338.93.
On Wednesday, December 11th, Mutual Insurance Co Donegal bought 8,729 shares of Donegal Group stock. The stock was bought at an average cost of $16.37 per share, with a total value of $142,893.73.
On Monday, December 9th, Mutual Insurance Co Donegal purchased 70,000 shares of Donegal Group stock. The shares were bought at an average price of $16.61 per share, for a total transaction of $1,162,700.00.
On Friday, December 6th, Mutual Insurance Co Donegal acquired 270,000 shares of Donegal Group stock. The stock was bought at an average price of $16.66 per share, with a total value of $4,498,200.00.
On Wednesday, December 4th, Mutual Insurance Co Donegal bought 9,522 shares of Donegal Group stock. The stock was purchased at an average price of $16.54 per share, for a total transaction of $157,493.88.
On Monday, December 2nd, Mutual Insurance Co Donegal purchased 8,354 shares of Donegal Group stock. The shares were purchased at an average price of $16.73 per share, with a total value of $139,762.42.
On Friday, November 29th, Mutual Insurance Co Donegal purchased 8,300 shares of Donegal Group stock. The stock was purchased at an average cost of $16.59 per share, for a total transaction of $137,697.00.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA opened at $17.49 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $15.17 and a 200-day moving average price of $15.29. The company has a market cap of $592.84 million, a price-to-earnings ratio of 11.51 and a beta of -0.02. Donegal Group Inc. has a 12 month low of $12.26 and a 12 month high of $17.52.

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

Donegal Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 3.95%. The ex-dividend date of this dividend was Tuesday, February 4th. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio is currently 45.39%.

Institutional Trading of Donegal Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in Donegal Group by 124.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider’s stock valued at $3,647,000 after acquiring an additional 130,489 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Donegal Group by 29.5% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Donegal Group by 351.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 107,951 shares of the insurance provider’s stock worth $1,670,000 after acquiring an additional 84,029 shares in the last quarter. Millennium Management LLC boosted its stake in Donegal Group by 170.8% in the 4th quarter. Millennium Management LLC now owns 103,296 shares of the insurance provider’s stock worth $1,598,000 after purchasing an additional 65,146 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Donegal Group by 137.8% in the 4th quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider’s stock worth $1,615,000 after acquiring an additional 60,491 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.