Donegal Group (NASDAQ:DGICB) Announces Earnings Results

Donegal Group (NASDAQ:DGICB) released its earnings results on Thursday. The insurance provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02, Zacks reports. The company had revenue of $209.73 million during the quarter, compared to analysts’ expectations of $214.12 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%.

Donegal Group Trading Down 11.6%

Shares of Donegal Group stock opened at $22.91 on Friday. Donegal Group has a 12-month low of $15.10 and a 12-month high of $29.99. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The stock has a market cap of $850.34 million, a PE ratio of 14.97 and a beta of 0.01. The company has a 50-day moving average of $21.32 and a two-hundred day moving average of $19.65.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, November 2nd. Donegal Group’s dividend payout ratio is presently 39.33%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Donegal Group in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Donegal Group

Donegal Group Inc is an insurance holding company headquartered in Marietta, Pennsylvania. Established in 1986, the company operates through regional property and casualty insurance subsidiaries and is affiliated with Donegal Mutual Insurance Company.

Donegal Group provides a range of personal, commercial, and agricultural insurance products. Its offerings generally include private passenger automobile, homeowners, commercial automobile, commercial property, business liability, workers’ compensation, and farm insurance.

The company distributes its policies primarily through independent insurance agencies and serves policyholders across multiple states in the Mid-Atlantic, Midwestern, and Southern regions of the United States.