Donegal Group Inc. (DGICA) to Issue Quarterly Dividend of $0.15 on November 15th

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Donegal Group Inc. (NASDAQ:DGICA) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.145 per share by the insurance provider on Friday, November 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, October 31st.

Shares of Donegal Group stock traded up $0.15 during trading on Tuesday, reaching $14.34. The company’s stock had a trading volume of 8,900 shares, compared to its average volume of 12,959. The stock has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $14.36. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.09. Donegal Group has a one year low of $12.42 and a one year high of $15.43. The stock has a market capitalization of $405.44 million, a P/E ratio of -14.34 and a beta of 0.28.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08. Donegal Group had a return on equity of 0.39% and a net margin of 1.75%. The business had revenue of $197.22 million during the quarter, compared to analysts’ expectations of $196.30 million. As a group, sell-side analysts anticipate that Donegal Group will post 0.8 EPS for the current fiscal year.

DGICA has been the subject of a number of research reports. ValuEngine lowered Donegal Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. BidaskClub lowered Donegal Group from a “hold” rating to a “sell” rating in a research report on Saturday. Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a research report on Tuesday, July 30th. TheStreet lowered Donegal Group from a “b-” rating to a “c” rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research lowered Donegal Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.00.

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, Commercial Lines of Insurance, and Investment in DFSC.

Further Reading: Diluted Earnings Per Share

Dividend History for Donegal Group (NASDAQ:DGICA)

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