Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi Sells 10,500 Shares

Donegal Group Inc. (NASDAQ:DGICA) VP Vincent Anthony Viozzi sold 10,500 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $16.29, for a total transaction of $171,045.00. Following the completion of the sale, the vice president now directly owns 9,891 shares in the company, valued at approximately $161,124.39. This trade represents a 51.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were sold at an average price of $16.67, for a total value of $500,100.00.

Donegal Group Stock Performance

Shares of DGICA opened at $15.76 on Thursday. Donegal Group Inc. has a 52-week low of $12.26 and a 52-week high of $17.00. The firm has a market capitalization of $534.20 million, a PE ratio of 20.74 and a beta of -0.03. The firm has a 50-day moving average price of $15.73 and a 200 day moving average price of $14.65. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.172 per share. The ex-dividend date was Friday, November 1st. This represents a $0.69 annualized dividend and a yield of 4.37%. Donegal Group’s payout ratio is 90.79%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Donegal Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On Donegal Group

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Donegal Group by 4.4% during the 2nd 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of Donegal Group in the 2nd quarter worth approximately $27,000. Los Angeles Capital Management LLC lifted its stake in Donegal Group by 95.2% during the second quarter. Los Angeles Capital Management LLC now owns 40,407 shares of the insurance provider’s stock valued at $520,000 after purchasing an additional 19,707 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Donegal Group by 7.8% during the second quarter. Hsbc Holdings PLC now owns 31,091 shares of the insurance provider’s stock worth $389,000 after buying an additional 2,250 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Donegal Group in the second quarter worth approximately $448,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.