Donegal Group (NASDAQ:DGICA) VP Vincent Anthony Viozzi Sells 2,282 Shares

Donegal Group, Inc. (NASDAQ:DGICA) VP Vincent Viozzi sold 2,282 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $19.50, for a total value of $44,499.00. Following the transaction, the vice president owned 5,861 shares of the company’s stock, valued at $114,289.50. This represents a 28.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Donegal Group Price Performance

Shares of NASDAQ DGICA opened at $19.45 on Friday. Donegal Group, Inc. has a 1-year low of $16.11 and a 1-year high of $21.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The business’s fifty day moving average price is $18.99 and its two-hundred day moving average price is $17.93. The firm has a market capitalization of $721.96 million, a PE ratio of 10.08 and a beta of -0.01.

Donegal Group (NASDAQ:DGICA) last posted its earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.11. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.The company had revenue of $241.12 million for the quarter, compared to analysts’ expectations of $231.53 million. On average, research analysts expect that Donegal Group, Inc. will post 1.75 EPS for the current year.

Donegal Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.1925 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.77 annualized dividend and a yield of 4.0%. Donegal Group’s dividend payout ratio (DPR) is currently 39.90%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Donegal Group by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after purchasing an additional 7,345 shares in the last quarter. Vanguard Group Inc. grew its position in Donegal Group by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,008,217 shares of the insurance provider’s stock valued at $19,549,000 after buying an additional 39,181 shares in the last quarter. Geode Capital Management LLC increased its stake in Donegal Group by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 534,703 shares of the insurance provider’s stock valued at $10,685,000 after buying an additional 11,891 shares during the period. Renaissance Technologies LLC increased its stake in Donegal Group by 5.8% during the 1st quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider’s stock valued at $6,747,000 after buying an additional 21,500 shares during the period. Finally, State Street Corp raised its position in shares of Donegal Group by 0.8% during the 4th quarter. State Street Corp now owns 391,729 shares of the insurance provider’s stock worth $7,827,000 after buying an additional 3,290 shares in the last quarter. 27.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on DGICA. Keefe, Bruyette & Woods upped their target price on shares of Donegal Group from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.00.

About Donegal Group

Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.