Virtu Financial LLC Buys Shares of 27,168 Donegal Group Inc. (NASDAQ:DGICA)

Virtu Financial LLC purchased a new position in shares of Donegal Group Inc. (NASDAQ:DGICA) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 27,168 shares of the insurance provider’s stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Donegal Group during the fourth quarter valued at approximately $128,000. Private Advisor Group LLC acquired a new position in Donegal Group in the 4th quarter valued at $177,000. Inceptionr LLC purchased a new position in shares of Donegal Group during the 4th quarter worth $218,000. Bleakley Financial Group LLC acquired a new stake in shares of Donegal Group during the fourth quarter worth $244,000. Finally, Martingale Asset Management L P grew its position in shares of Donegal Group by 4.2% in the third quarter. Martingale Asset Management L P now owns 22,353 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 902 shares during the period. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Donegal Group

In other news, major shareholder Mutual Insurance Co Donegal acquired 12,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $16.49 per share, for a total transaction of $197,880.00. Following the acquisition, the insider now directly owns 13,164,372 shares in the company, valued at $217,080,494.28. This trade represents a 0.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Vincent Anthony Viozzi sold 10,500 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $17.95, for a total value of $188,475.00. Following the sale, the vice president now owns 9,316 shares of the company’s stock, valued at $167,222.20. The trade was a 52.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 105,908 shares of company stock worth $1,865,086 and have sold 47,119 shares worth $845,651. 6.63% of the stock is owned by company insiders.

Donegal Group Stock Performance

Donegal Group stock opened at $18.77 on Thursday. The stock has a fifty day moving average price of $16.29 and a 200 day moving average price of $15.69. 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 52 week low of $12.26 and a 52 week high of $18.95. The firm has a market capitalization of $668.94 million, a P/E ratio of 12.35 and a beta of -0.04.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.39. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The company had revenue of $249.70 million during the quarter, compared to the consensus estimate of $250.61 million. Equities research analysts anticipate that Donegal Group Inc. will post 1.2 earnings per share for the current year.

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.