Mutual Insurance Co Donegal Acquires 14,700 Shares of Donegal Group Inc. (NASDAQ:DGICA) Stock

Posted by Lisa Pomrenke on Mar 4th, 2025

Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal purchased 14,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $17.06 per share, with a total value of $250,782.00. Following the completion of the transaction, the insider now directly owns 13,189,273 shares of the company’s stock, valued at $225,008,997.38. The trade was a 0.11 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 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, February 25th, Mutual Insurance Co Donegal acquired 12,000 shares of Donegal Group stock. The stock was acquired at an average price of $16.49 per share, with a total value of $197,880.00.
On Friday, December 13th, Mutual Insurance Co Donegal bought 7,817 shares of Donegal Group stock. The shares were acquired at an average price of $16.29 per share, for a total transaction of $127,338.93.
On Wednesday, December 11th, Mutual Insurance Co Donegal purchased 8,729 shares of Donegal Group stock. The shares were bought at an average price of $16.37 per share, with a total value of $142,893.73.
On Monday, December 9th, Mutual Insurance Co Donegal acquired 70,000 shares of Donegal Group stock. The stock was bought at an average cost of $16.61 per share, for a total transaction of $1,162,700.00.
On Friday, December 6th, Mutual Insurance Co Donegal bought 270,000 shares of Donegal Group stock. The shares were bought at an average cost of $16.66 per share, with a total value of $4,498,200.00.
On Wednesday, December 4th, Mutual Insurance Co Donegal acquired 9,522 shares of Donegal Group stock. The shares were purchased at an average cost of $16.54 per share, with a total value of $157,493.88.

Donegal Group Stock Performance

Shares of DGICA opened at $18.17 on Tuesday. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s fifty day moving average price is $15.22 and its two-hundred day moving average price is $15.31. The firm has a market cap of $615.89 million, a PE ratio of 11.95 and a beta of -0.02.

Donegal Group (NASDAQ:DGICA – Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $249.70 million for the quarter, compared to analysts’ expectations of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, equities research analysts forecast that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio is presently 45.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new position in Donegal Group in the 4th quarter worth about $68,000. SG Americas Securities LLC purchased a new stake in shares of Donegal Group in the fourth quarter worth about $128,000. BNP Paribas Financial Markets boosted its position in shares of Donegal Group by 117.2% in the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock valued at $130,000 after acquiring an additional 4,544 shares during the period. XTX Topco Ltd purchased a new position in Donegal Group during the fourth quarter valued at approximately $162,000. Finally, Private Advisor Group LLC purchased a new position in Donegal Group during the fourth quarter valued at approximately $177,000. 27.96% of the stock is currently owned by hedge funds and other 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.