Robert G. Shenk, Senior Vice President at Donegal Group Inc (NASDAQ:DGICA) purchased last September 9th 4,818 shares of Class A Common Stock. These were indirectly acquired at a price of $15.57 each, for a total value of $75,016. Following the filing, Mr. Shenk indirectly owns 17,163 shares held by a 401(k) Plan and 102 held by Child. He also directly owns 19,142 shares. This was his first transaction of the year.
In the same way, Donegal Group Inc (NASDAQ:DGICA)’s major hedge fund investor on record has decided to increase its exposure to the $460.51 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.