Virtu Financial LLC Acquires Shares of 27,168 Donegal Group Inc. (NASDAQ:DGICA)

Virtu Financial LLC bought a new position in shares of Donegal Group Inc. (NASDAQ:DGICA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,168 shares of the insurance provider's stock, valued at approximately $420,000. Virtu Financial LLC owned approximately 0.08% of Donegal Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DGICA. Connor Clark & Lunn Investment Management Ltd. lifted its position in Donegal Group by 124.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,746 shares of the insurance provider's stock valued at $3,647,000 after purchasing an additional 130,489 shares during the period. Teacher Retirement System of Texas lifted its holdings in Donegal Group by 137.8% in the fourth quarter. Teacher Retirement System of Texas now owns 104,392 shares of the insurance provider's stock valued at $1,615,000 after buying an additional 60,491 shares during the period. Barclays PLC boosted its stake in Donegal Group by 38.7% in the third quarter. Barclays PLC now owns 64,952 shares of the insurance provider's stock valued at $957,000 after acquiring an additional 18,132 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Donegal Group by 39.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,767 shares of the insurance provider's stock worth $896,000 after acquiring an additional 17,125 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in Donegal Group during the 4th quarter worth $244,000. 27.96% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, VP Vincent Anthony Viozzi sold 10,500 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $17.95, for a total value of $188,475.00. Following the sale, the vice president now directly owns 9,316 shares of the company's stock, valued at approximately $167,222.20. The trade was a 52.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William Daniel Delamater sold 12,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $17.77, for a total value of $213,240.00. Following the transaction, the executive vice president now owns 1,495 shares of the company's stock, valued at approximately $26,566.15. This trade represents a 88.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 105,908 shares of company stock valued at $1,865,086 and have sold 47,119 shares valued at $845,651. 6.63% of the stock is owned by insiders.

Donegal Group Trading Up 1.3 %

Shares of DGICA stock traded up $0.25 during trading hours on Friday, reaching $19.41. The company had a trading volume of 85,223 shares, compared to its average volume of 75,216. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $19.45. The company has a 50 day moving average of $16.47 and a 200 day moving average of $15.75. The firm has a market cap of $691.75 million, a price-to-earnings ratio of 12.77 and a beta of -0.04.

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

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.