Donegal Group (NASDAQ:DGICA - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, July 24th. Analysts expect Donegal Group to post earnings of $0.39 per share and revenue of $247.21 million for the quarter.
Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.38. The firm had revenue of $245.57 million during the quarter, compared to the consensus estimate of $248.73 million. Donegal Group had a return on equity of 12.82% and a net margin of 7.06%. On average, analysts expect Donegal Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Donegal Group Trading Down 0.9%
NASDAQ DGICA traded down $0.16 during trading on Friday, hitting $18.34. The stock had a trading volume of 100,406 shares, compared to its average volume of 101,562. Donegal Group has a twelve month low of $13.35 and a twelve month high of $21.12. The company has a market capitalization of $662.07 million, a PE ratio of 8.95 and a beta of 0.01. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $19.47 and a 200 day moving average price of $17.90.
Donegal Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.1825 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.73 annualized dividend and a dividend yield of 3.98%. Donegal Group's dividend payout ratio is currently 35.61%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on DGICA. Wall Street Zen raised Donegal Group from a "buy" rating to a "strong-buy" rating in a research note on Sunday, July 6th. Keefe, Bruyette & Woods lifted their price target on Donegal Group from $17.00 to $18.00 and gave the company a "market perform" rating in a report on Friday, April 25th.
View Our Latest Stock Analysis on Donegal Group
Insiders Place Their Bets
In related news, VP Vincent Anthony Viozzi sold 19,173 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $20.24, for a total transaction of $388,061.52. Following the completion of the sale, the vice president owned 8,143 shares of the company's stock, valued at $164,814.32. This trade represents a 70.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO David Benjamin Bawel sold 9,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $19.83, for a total value of $178,470.00. Following the sale, the chief accounting officer owned 20,417 shares of the company's stock, valued at approximately $404,869.11. This represents a 30.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,724 shares of company stock worth $3,269,040 in the last three months. Insiders own 6.63% of the company's stock.
Hedge Funds Weigh In On Donegal Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Donegal Group during the first quarter valued at about $689,000. AQR Capital Management LLC boosted its position in shares of Donegal Group by 139.8% during the first quarter. AQR Capital Management LLC now owns 39,413 shares of the insurance provider's stock valued at $774,000 after buying an additional 22,978 shares during the period. Empowered Funds LLC boosted its position in shares of Donegal Group by 1.9% during the first quarter. Empowered Funds LLC now owns 91,814 shares of the insurance provider's stock valued at $1,802,000 after buying an additional 1,696 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Donegal Group by 7.9% in the first quarter. Goldman Sachs Group Inc. now owns 109,791 shares of the insurance provider's stock valued at $2,155,000 after purchasing an additional 8,004 shares during the period. Institutional investors own 27.96% of the company's stock.
About Donegal Group
(
Get Free Report)
Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three 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; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.
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