Donegal Group (DGICA) Expected to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA) is anticipated to announce its results before the market opens on Thursday, October 29th. Analysts expect Donegal Group to post earnings of $0.43 per share and revenue of $214.12 million for the quarter.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. The company had revenue of $241.12 million during the quarter, compared to the consensus estimate of $231.53 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. On average, analysts expect Donegal Group to post $1.75 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.

Donegal Group Stock Up 0.6%

Donegal Group stock opened at $18.93 on Tuesday. 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 has a one year low of $16.11 and a one year high of $21.06. The company has a 50-day simple moving average of $18.69 and a 200-day simple moving average of $18.18. The firm has a market capitalization of $702.66 million, a P/E ratio of 9.81 and a beta of -0.03.

Donegal Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a $0.1925 dividend. The ex-dividend date is Monday, November 2nd. This represents a $0.77 annualized dividend and a yield of 4.1%. Donegal Group’s dividend payout ratio (DPR) is currently 39.90%.

Insider Activity at Donegal Group

In other news, SVP Noland Deas, Jr. sold 24,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.47, for a total value of $467,280.00. Following the completion of the transaction, the senior vice president owned 3,523 shares of the company’s stock, valued at approximately $68,592.81. This represents a 87.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Mutual Insurance Co Donegal purchased 54,725 shares of the stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $19.23 per share, for a total transaction of $1,052,361.75. Following the completion of the acquisition, the insider directly owned 14,387,128 shares of the company’s stock, valued at approximately $276,664,471.44. This trade represents a 0.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 220,437 shares of company stock worth $4,218,669 and have sold 111,108 shares worth $2,153,119. Insiders own 2.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Keefe, Bruyette & Woods raised their price target on shares of Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Donegal Group currently has an average rating of “Hold” and a consensus price target of $20.00.

Donegal Group Company Profile

Donegal Group Inc (NASDAQ: DGICA) is an insurance holding company that, through its insurance subsidiaries, provides property and casualty insurance products to individuals and businesses. The company operates under the strategic direction of Donegal Mutual Insurance Company, which owns a controlling interest in Donegal Group.

Its personal insurance offerings include automobile, homeowners, dwelling fire, farmowners and related coverage. Donegal Group also provides commercial insurance products, including businessowners, commercial automobile, commercial property and workers’ compensation coverage, along with other specialized property and casualty policies.

Founded in 1986 and headquartered in Marietta, Pennsylvania, Donegal Group serves policyholders through independent agents across a broad group of states, primarily in the Mid-Atlantic, Southern and Midwestern regions of the United States.