Donegal Group (NASDAQ:DGICB) Releases Earnings Results, Beats Expectations By $0.07 EPS

Donegal Group (NASDAQ:DGICB) released its earnings results on Thursday. The insurance provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07, Zacks reports. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%.

Donegal Group Stock Up 0.2%

Shares of DGICB traded up $0.05 during trading hours on Thursday, hitting $21.90. The company had a trading volume of 222 shares, compared to its average volume of 4,902. The stock has a market capitalization of $811.39 million, a price-to-earnings ratio of 12.96 and a beta of 0.04. The firm has a fifty day moving average price of $21.27 and a 200-day moving average price of $18.64. Donegal Group has a 52-week low of $13.84 and a 52-week high of $29.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39.

Donegal Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 3.2%. Donegal Group’s dividend payout ratio (DPR) is presently 41.42%.

Institutional Trading of Donegal Group

A hedge fund recently bought a new stake in Donegal Group stock. Raymond James Financial Inc. bought a new position in Donegal Group, Inc. (NASDAQ:DGICB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. 1.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Donegal Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four 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.