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

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $17.95, for a total transaction of $188,475.00. Following the sale, the vice president now owns 9,316 shares of the company’s stock, valued at $167,222.20. This represents a 52.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value 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 value of $10,367.25.
• On Friday, December 13th, Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock. The stock was sold at an average price of $16.29, for a total value of $171,045.00.

Donegal Group Trading Up 0.1 %

DGICA traded up $0.02 on Monday, hitting $17.92. The company had a trading volume of 48,161 shares, compared to its average volume of 72,243. The company’s fifty day moving average price is $15.42 and its 200 day moving average price is $15.40. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $19.08. 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 firm has a market cap of $607.42 million, a P/E ratio of 11.79 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $250.61 million. As a group, equities analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current year.

Donegal Group Increases Dividend

The company also recently declared 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. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is currently 45.39%.

Institutional Investors Weigh In On Donegal Group

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in 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 period. Wells Fargo & Company MN grew its holdings in shares of Donegal Group by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 223,593 shares of the insurance provider’s stock valued at $3,459,000 after purchasing an additional 897 shares in the last quarter. Martingale Asset Management L P increased its position 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 worth $329,000 after acquiring 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 worth $249,000 after purchasing an additional 1,108 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Donegal Group by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 44,492 shares of the insurance provider’s stock valued at $688,000 after buying an additional 1,773 shares during the period. Hedge funds and other 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.