Insider Selling: Donegal Group Inc. (NASDAQ:DGICA) VP Sells $457,200.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $15.24, for a total value of $457,200.00. Following the completion of the sale, the vice president now owns 9,891 shares of the company’s stock, valued at $150,738.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Donegal Group Stock Performance

DGICA opened at $15.03 on Thursday. The company has a market capitalization of $501.90 million, a price-to-earnings ratio of 93.94 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $15.39. The business has a 50 day moving average price of $14.35 and a two-hundred day moving average price of $13.74.

Donegal Group (NASDAQ:DGICA) last released its 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 return on equity of 0.89% and a net margin of 0.76%. The firm had revenue of $246.77 million during the quarter, compared to the consensus estimate of $243.00 million. Research analysts predict that Donegal Group Inc. will post 0.45 EPS for the current fiscal year.

Donegal Group Dividend Announcement

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

Institutional Investors Weigh In On Donegal Group

A number of institutional investors and hedge funds have recently modified their holdings of DGICA. CWM LLC lifted its position in shares of Donegal Group by 170.9% during the 4th quarter. CWM LLC now owns 1,796 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 1,133 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Donegal Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,825,664 shares of the insurance provider’s stock valued at $25,541,000 after purchasing an additional 53,632 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Donegal Group during the 1st quarter valued at $293,000. BNP Paribas Financial Markets raised its stake in Donegal Group by 125.0% during the 1st quarter. BNP Paribas Financial Markets now owns 10,364 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 5,757 shares during the period. Finally, Empowered Funds LLC raised its stake in Donegal Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 111,216 shares of the insurance provider’s stock valued at $1,573,000 after purchasing an additional 8,400 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.