Donegal Group, Inc. (NASDAQ:DGICB) major shareholder Mutual Insurance Co Donegal acquired 7,000 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was purchased at an average cost of $21.00 per share, for a total transaction of $147,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of DGICB stock traded down $1.20 during mid-day trading on Wednesday, reaching $13.00. The stock had a trading volume of 200 shares, compared to its average volume of 1,426. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.43 and a quick ratio of 0.43. Donegal Group, Inc. has a 1-year low of $13.00 and a 1-year high of $15.91.
Donegal Group (NASDAQ:DGICB) last announced its quarterly earnings data on Friday, February 23rd. The insurance provider reported $0.04 earnings per share for the quarter. The business had revenue of $188.55 million for the quarter. Donegal Group had a negative return on equity of 2.85% and a negative net margin of 2.16%.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.125 dividend. This is an increase from Donegal Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.85%.
Separately, TheStreet raised Donegal Group from a “c+” rating to a “b” rating in a report on Friday, February 2nd.
Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.
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