Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi Sells 10,500 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $17.95, for a total value of $188,475.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed 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 stock was 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 stock was sold at an average price of $16.29, for a total transaction of $171,045.00.

Donegal Group Price Performance

Shares of NASDAQ DGICA opened at $17.86 on Wednesday. Donegal Group Inc. has a twelve month low of $12.26 and a twelve month high of $18.19. The firm has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $15.45. The company has a market capitalization of $605.38 million, a PE ratio of 11.75 and a beta of -0.04. 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 (NASDAQ:DGICA) last announced its earnings results on Thursday, February 20th. The insurance provider reported $0.69 earnings per share for the quarter, topping 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 business had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. On average, sell-side analysts forecast that Donegal Group Inc. will post 1.2 EPS for the current year.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Tuesday, February 4th. This is an increase from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s payout ratio is presently 45.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DGICA. Connor Clark & Lunn Investment Management Ltd. raised its stake in Donegal Group by 82.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,257 shares of the insurance provider’s stock worth $1,551,000 after buying an additional 47,447 shares during the period. Foundry Partners LLC increased its holdings in shares of Donegal Group by 1.0% during the third quarter. Foundry Partners LLC now owns 244,600 shares of the insurance provider’s stock valued at $3,605,000 after acquiring an additional 2,310 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Donegal Group by 39.2% during the third 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 purchasing an additional 17,125 shares during the period. Martingale Asset Management L P lifted its holdings in shares of Donegal Group by 4.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 902 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Donegal Group by 38.7% in the 3rd quarter. Barclays PLC now owns 64,952 shares of the insurance provider’s stock worth $957,000 after purchasing an additional 18,132 shares in the last quarter. 27.96% of the stock is owned by 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.