Donegal Group Inc. (NASDAQ:DGICA - Get Free Report) VP Vincent Anthony Viozzi sold 19,173 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $20.24, for a total transaction of $388,061.52. Following the transaction, the vice president now directly owns 8,143 shares of the company's stock, valued at approximately $164,814.32. This trade represents a 70.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Vincent Anthony Viozzi also recently made the following trade(s):
- On Friday, March 7th, Vincent Anthony Viozzi sold 10,500 shares of Donegal Group stock. The shares were sold at an average price of $17.95, for a total transaction of $188,475.00.
- On Monday, March 3rd, Vincent Anthony Viozzi sold 575 shares of Donegal Group stock. The shares were sold at an average price of $18.03, for a total transaction of $10,367.25.
- On Monday, March 3rd, Vincent Anthony Viozzi sold 575 shares of Donegal Group stock. The stock was sold at an average price of $18.03, for a total transaction of $10,367.25.
Donegal Group Stock Up 0.8%
Shares of DGICA traded up $0.16 during midday trading on Thursday, reaching $20.17. 76,343 shares of the company were exchanged, compared to its average volume of 87,610. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. Donegal Group Inc. has a 1-year low of $12.26 and a 1-year high of $21.12. The stock has a 50-day moving average price of $19.25 and a 200-day moving average price of $17.11. The company has a market cap of $728.08 million, a price-to-earnings ratio of 13.27 and a beta of -0.05.
Donegal Group (NASDAQ:DGICA - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.38. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The company had revenue of $245.57 million for the quarter, compared to the consensus estimate of $248.73 million. Research analysts expect that Donegal Group Inc. will post 1.2 earnings per share for the current year.
Donegal Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.1825 dividend. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $0.73 annualized dividend and a dividend yield of 3.62%. Donegal Group's dividend payout ratio is 35.61%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DGICA. KLP Kapitalforvaltning AS bought a new stake in shares of Donegal Group during the 4th quarter worth about $68,000. CWM LLC lifted its stake in shares of Donegal Group by 78.0% in the first quarter. CWM LLC now owns 5,163 shares of the insurance provider's stock valued at $101,000 after buying an additional 2,263 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Donegal Group by 47.4% in the first quarter. Russell Investments Group Ltd. now owns 5,225 shares of the insurance provider's stock valued at $103,000 after purchasing an additional 1,681 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Donegal Group during the 4th quarter worth about $128,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Donegal Group by 117.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,420 shares of the insurance provider's stock worth $130,000 after buying an additional 4,544 shares during the period. Institutional investors own 27.96% of the company's stock.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods raised their target price on shares of Donegal Group from $17.00 to $18.00 and gave the company a "market perform" rating in a report on Friday, April 25th.
Get Our Latest Research Report on DGICA
About Donegal Group
(
Get Free Report)
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.
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