 Donegal Group Inc NASDAQ:DGICA was trading higher by 0.1 in todays regular session. Viozzi Vincent Anthony filed a Form 4 with the SEC on Tuesday, June 9. The insider sold 2,420 shares at 14.95 on Friday, Jun 05, and sold 4,896 shares at 14.89 on Monday, Jun 08. . After the transactions, the executives stake in Donegal Group Inc. movedto 4,030 shares.The Importance of Insider Transactions Insider transactions shouldnt be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. When an insider buys stock after an important sell off, that can indicate the insiders faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to take some profit and lock in a gain. Transaction Codes To Focus On Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward. Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga Insider Buys Northern Oil and Gas Shares Insider Buys ICC Holdings Stock Insider Sells Vicors SharesC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 