Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi Sells 30,000 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 30,000 shares of Donegal Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $16.67, for a total transaction of $500,100.00. Following the completion of the transaction, the vice president now directly owns 9,891 shares in the company, valued at approximately $164,882.97. This represents a 75.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Donegal Group Trading Down 0.8 %

Shares of Donegal Group stock opened at $16.35 on Tuesday. The company’s fifty day simple moving average is $15.48 and its 200-day simple moving average is $14.50. The company has a market cap of $554.27 million, a price-to-earnings ratio of 21.51 and a beta of -0.03. The company has a current ratio of 0.38, a quick 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.172 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.21%. Donegal Group’s payout ratio is 90.79%.

Institutional Investors Weigh In On Donegal Group

A number of institutional investors have recently bought and sold shares of DGICA. Innealta Capital LLC acquired a new stake in Donegal Group during the second quarter worth $27,000. Martingale Asset Management L P lifted 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 acquiring an additional 902 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of 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 acquiring an additional 2,250 shares during the period. Squarepoint Ops LLC bought a new position in shares of Donegal Group during the second quarter valued at $448,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Donegal Group by 95.2% in the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after buying an additional 19,707 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th.

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.