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

Donegal Group, Inc. (NASDAQ:DGICAGet Free Report) VP Vincent Viozzi sold 2,282 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $19.50, for a total transaction of $44,499.00. Following the completion of the sale, the vice president owned 5,861 shares of the company’s stock, valued at approximately $114,289.50. The trade was a 28.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Donegal Group Trading Up 0.2%

Donegal Group stock opened at $19.45 on Friday. The business has a 50 day moving average price of $18.99 and a two-hundred day moving average price of $17.93. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. Donegal Group, Inc. has a 12 month low of $16.11 and a 12 month high of $21.06. The stock has a market cap of $721.98 million, a price-to-earnings ratio of 10.08 and a beta of -0.01.

Donegal Group (NASDAQ:DGICAGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $231.53 million. As a group, equities analysts forecast that Donegal Group, Inc. will post 1.75 EPS for the current year.

Donegal Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.1925 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.77 dividend on an annualized basis and a yield of 4.0%. Donegal Group’s payout ratio is presently 39.90%.

Analyst Ratings Changes

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

Get Our Latest Research Report on DGICA

Institutional Investors Weigh In On Donegal Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its position in shares of Donegal Group by 579.4% during the 4th quarter. Royce & Associates LP now owns 169,853 shares of the insurance provider’s stock worth $3,394,000 after purchasing an additional 144,853 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Donegal Group by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 80,614 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Donegal Group by 145.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 67,726 shares of the insurance provider’s stock worth $1,245,000 after buying an additional 40,078 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Donegal Group by 422.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the insurance provider’s stock worth $74,000 after buying an additional 2,975 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Donegal Group by 576.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the insurance provider’s stock worth $55,000 after buying an additional 2,341 shares in the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Donegal Group Company Profile

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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.

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Insider Buying and Selling by Quarter for Donegal Group (NASDAQ:DGICA)

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