Donegal Group Inc. (NASDAQ:DGICA) VP Sells $171,045.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Vincent Anthony Viozzi sold 10,500 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.29, for a total value of $171,045.00. Following the completion of the transaction, the vice president now directly owns 9,891 shares in the company, valued at approximately $161,124.39. This represents a 51.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 value of $500,100.00.

Donegal Group Stock Up 0.3 %

DGICA stock traded up $0.05 during trading on Monday, hitting $16.38. 201,317 shares of the company's stock traded hands, compared to its average volume of 63,233. The firm has a market capitalization of $555.28 million, a P/E ratio of 21.55 and a beta of -0.03. The business has a fifty day simple moving average of $15.67 and a two-hundred day simple moving average of $14.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $17.00.

Donegal Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.172 dividend. This represents a $0.69 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, November 1st. Donegal Group's dividend payout ratio is currently 90.79%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Donegal Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On Donegal Group

Large investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of Donegal Group during the second quarter valued at $27,000. Martingale Asset Management L P grew its holdings in shares of Donegal Group by 4.2% during the third 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 last quarter. Hsbc Holdings PLC lifted its position in Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider's stock valued at $389,000 after purchasing an additional 2,250 shares during the period. Squarepoint Ops LLC acquired a new position in Donegal Group during the second quarter valued at $448,000. Finally, Los Angeles Capital Management LLC lifted its position in Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider's stock valued at $520,000 after purchasing an additional 19,707 shares during the period. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.