Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) VP Sells 10,500 Shares of Stock

Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Vincent Anthony Viozzi sold 10,500 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $17.95, for a total value of $188,475.00. Following the transaction, the vice president now directly owns 9,316 shares in the company, valued at $167,222.20. This represents a 52.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $10,367.25.
• 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 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.

Donegal Group Stock Performance

Shares of NASDAQ DGICA traded up $0.29 during mid-day trading on Tuesday, hitting $17.86. The stock had a trading volume of 115,489 shares, compared to its average volume of 72,815. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The company has a 50 day moving average of $15.51 and a two-hundred day moving average of $15.45. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $18.19. The firm has a market cap of $605.38 million, a PE ratio of 11.75 and a beta of -0.04.

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Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The business had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million. Research analysts predict that Donegal Group Inc. will post 1.2 EPS for the current fiscal year.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were paid a $0.1725 dividend. 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 3.86%. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's dividend payout ratio is presently 45.39%.

Institutional Trading of Donegal Group

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

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.