Donegal Group Inc. (NASDAQ:DGICA) VP Sells $171,045.00 in Stock

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 10,500 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.29, for a total transaction of $171,045.00. Following the transaction, the vice president now owns 9,891 shares of the company’s stock, valued at approximately $161,124.39. The trade was a 51.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Vincent Anthony Viozzi also recently made the following trade(s):

• On Thursday, December 5th, Vincent Anthony Viozzi sold 30,000 shares of Donegal Group stock. The stock was sold at an average price of $16.67, for a total transaction of $500,100.00.

Donegal Group Trading Down 1.2 %

NASDAQ:DGICA opened at $16.18 on Wednesday. Donegal Group Inc. has a 1 year low of $12.26 and a 1 year high of $17.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a fifty day moving average price of $15.71 and a two-hundred day moving average price of $14.64. The stock has a market capitalization of $548.44 million, a price-to-earnings ratio of 21.29 and a beta of -0.03.

Donegal Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.172 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.25%. Donegal Group’s dividend payout ratio is presently 90.79%.

Institutional Trading of Donegal Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Donegal Group by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 129,551 shares of the insurance provider’s stock valued at $1,669,000 after purchasing an additional 5,416 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Donegal Group in the 2nd quarter worth about $27,000. Los Angeles Capital Management LLC grew its stake in Donegal Group by 95.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after acquiring an additional 19,707 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Donegal Group by 7.8% during the 2nd 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 in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Donegal Group during the second quarter worth about $448,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Donegal Group from a “buy” rating to a “strong-buy” rating in a research report 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.