Donegal Group Inc. (NASDAQ:DGICA) VP Sells $188,475.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 10,500 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $17.95, for a total transaction of $188,475.00. Following the completion of the sale, the vice president now directly owns 9,316 shares in the company, valued at approximately $167,222.20. This represents a 52.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $18.03, for a total value of $10,367.25.
• 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 value 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.

Donegal Group Stock Up 0.1 %

DGICA traded up $0.02 on Monday, reaching $17.92. The company’s stock had a trading volume of 48,161 shares, compared to its average volume of 72,243. The company has a market capitalization of $607.42 million, a price-to-earnings ratio of 11.79 and a beta of -0.04. Donegal Group Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $19.08. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $15.42 and a two-hundred day moving average of $15.40.

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

Donegal Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s payout ratio is 45.39%.

Institutional Trading of Donegal Group

Large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Donegal Group in the 4th quarter valued at $68,000. SG Americas Securities LLC purchased a new stake in shares of Donegal Group in the fourth quarter valued at about $128,000. BNP Paribas Financial Markets boosted its stake in shares of Donegal Group by 117.2% during the fourth quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider’s stock worth $130,000 after buying an additional 4,544 shares during the period. XTX Topco Ltd acquired a new stake in shares of Donegal Group during the fourth quarter worth about $162,000. Finally, Private Advisor Group LLC purchased a new position in shares of Donegal Group during the fourth quarter worth about $177,000. 27.96% of the stock is owned by institutional investors and hedge funds.

About Donegal Group

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.