Robert G. Shenk, Senior Vice President at Donegal Group Inc (NASDAQ:DGICA) purchased last September 11th 2,246 shares of Class A Common Stock. These were indirectly acquired at a price of $15.58 each, for a total value of $34,992. Following the filing, Mr. Shenk indirectly owns 19,409 shares held by 401(k) Plan and 102 held by Child. He also directly owns 19,142 shares. This was his second transaction of the year, afer acquiring 4,818 shares two days before.
In the same way, Donegal Group Inc (NASDAQ:DGICA)’s major hedge fund investor on record has decided to increase its exposure to the $466.14 million insurance holding company. Jean-Marie Eveillard’s fund, First Eagle Investment Management –owner of 50,100 shares- has done so by 26%. However, the firm’s second largest hedge fund shareholder on record, John Overdeck and David Siegel’s Two Sigma Advisors –owner of 13,000 shares- has determined to decrease its participation in Donegal Group Inc (NASDAQ:DGICA) by 2%.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.