Headlines about Donegal Group (NASDAQ:DGICA) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Donegal Group earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 45.6289302690085 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Donegal Group (NASDAQ:DGICA) opened at $17.59 on Friday. The company has a market cap of $482.77, a PE ratio of 38.26 and a beta of 0.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 0.42. Donegal Group has a one year low of $14.49 and a one year high of $18.55.
Donegal Group (NASDAQ:DGICA) last released its earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $185.72 million during the quarter, compared to analysts’ expectations of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. research analysts forecast that Donegal Group will post 0.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.18%. Donegal Group’s dividend payout ratio is currently 98.25%.
A number of research analysts have weighed in on DGICA shares. BidaskClub raised shares of Donegal Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. TheStreet cut shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Donegal Group and gave the company a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Donegal Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Boenning Scattergood raised shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.67.
In related news, Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $17.17, for a total transaction of $91,567.61. Following the transaction, the director now directly owns 13,562 shares in the company, valued at $232,859.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack Lee Hess purchased 2,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. Following the completion of the transaction, the director now directly owns 4,489 shares of the company’s stock, valued at approximately $75,325.42. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.
About Donegal Group
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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