Donegal Group Inc. (NASDAQ:DGICA) VP Sells $10,367.25 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 575 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $18.03, for a total transaction of $10,367.25. Following the sale, the vice president now directly owns 9,316 shares of the company’s stock, valued at approximately $167,967.48. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vincent Anthony Viozzi also recently made the following trade(s):

• On Monday, March 3rd, Vincent Anthony Viozzi sold 575 shares of Donegal Group stock. The stock was sold at an average price of $18.03, for a total transaction of $10,367.25.
• On Friday, December 13th, Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock. The shares were sold at an average price of $16.29, for a total value of $171,045.00.
• On Thursday, December 5th, Vincent Anthony Viozzi sold 30,000 shares of Donegal Group stock. The stock was sold at an average price of $16.67, for a total transaction of $500,100.00.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA traded up $0.18 during mid-day trading on Wednesday, reaching $17.99. The company had a trading volume of 41,364 shares, compared to its average volume of 71,037. 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’s 50-day moving average price is $15.27 and its 200-day moving average price is $15.34. Donegal Group Inc. has a one year low of $12.26 and a one year high of $18.19. The firm has a market cap of $609.62 million, a price-to-earnings ratio of 11.83 and a beta of -0.05.

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

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a $0.1725 dividend. This is a positive change 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 3.84%. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is 45.39%.

Institutional Trading of Donegal Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DGICA. Bank of America Corp DE boosted its position in shares of Donegal Group by 3.0% during the 4th quarter. Bank of America Corp DE now owns 29,572 shares of the insurance provider’s stock valued at $457,000 after acquiring an additional 871 shares during the last quarter. Wells Fargo & Company MN grew its position in Donegal Group by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 223,593 shares of the insurance provider’s stock worth $3,459,000 after acquiring an additional 897 shares during the last quarter. Martingale Asset Management L P boosted its position in Donegal Group by 4.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after buying an additional 902 shares during the period. Corton Capital Inc. increased its holdings in Donegal Group by 7.4% during the 4th quarter. Corton Capital Inc. now owns 16,101 shares of the insurance provider’s stock valued at $249,000 after purchasing an additional 1,108 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Donegal Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 44,492 shares of the insurance provider’s stock worth $688,000 after acquiring an additional 1,773 shares during the period. Institutional investors own 27.96% of the company’s stock.

Donegal Group Company Profile

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.