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

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 30,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $15.24, for a total transaction of $457,200.00. Following the sale, the vice president now directly owns 9,891 shares in the company, valued at $150,738.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Donegal Group Trading Down 1.4 %

NASDAQ DGICA opened at $15.03 on Thursday. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $15.39. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $501.90 million, a PE ratio of 93.94 and a beta of -0.05. The firm’s fifty day simple moving average is $14.35 and its 200-day simple moving average is $13.74.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Donegal Group had a net margin of 0.76% and a return on equity of 0.89%. The business had revenue of $246.77 million for the quarter, compared to the consensus estimate of $243.00 million. As a group, sell-side analysts anticipate that Donegal Group Inc. will post 0.45 earnings per share for the current fiscal year.

Donegal Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.172 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Thursday, August 1st. Donegal Group’s dividend payout ratio (DPR) is presently 431.25%.

Hedge Funds Weigh In On Donegal Group

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in Donegal Group by 170.9% during the fourth quarter. CWM LLC now owns 1,796 shares of the insurance provider’s stock valued at $25,000 after buying an additional 1,133 shares in the last quarter. Innealta Capital LLC bought a new position in Donegal Group during the second quarter valued at about $27,000. EntryPoint Capital LLC bought a new position in Donegal Group during the first quarter valued at about $137,000. BNP Paribas Financial Markets raised its holdings in Donegal Group by 125.0% during the first quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after buying an additional 5,757 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Donegal Group during the first quarter valued at about $293,000. 27.96% of the stock is owned by institutional investors and hedge funds.

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.