Donegal Group (DGICA) Expected to Announce Earnings on Thursday

Donegal Group (NASDAQ:DGICA - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $248.73 million for the quarter.

Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.30 by $0.39. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. The firm had revenue of $249.70 million during the quarter, compared to analyst estimates of $250.61 million. 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 Stock Down 2.1 %

DGICA stock traded down $0.39 during trading on Monday, reaching $17.85. 76,825 shares of the company traded hands, compared to its average volume of 78,070. The company has a market capitalization of $636.16 million, a price-to-earnings ratio of 11.74 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The business has a 50 day simple moving average of $17.79 and a 200 day simple moving average of $16.20. Donegal Group has a 12 month low of $12.26 and a 12 month high of $19.87.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.1825 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.09%. This is an increase from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's payout ratio is presently 45.39%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on shares of Donegal Group from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th.

Insider Activity at Donegal Group

In related news, major shareholder Mutual Insurance Co Donegal acquired 12,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $16.49 per share, with a total value of $197,880.00. Following the completion of the acquisition, the insider now directly owns 13,164,372 shares of the company's stock, valued at $217,080,494.28. This represents a 0.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Wayne Sponic sold 6,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $17.99, for a total value of $107,940.00. Following the completion of the transaction, the senior vice president now directly owns 2,006 shares in the company, valued at approximately $36,087.94. The trade was a 74.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 105,908 shares of company stock valued at $1,865,086 and have sold 47,119 shares valued at $845,651. 6.63% of the stock is currently owned by corporate insiders.

About Donegal Group

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.