Donegal Group (NASDAQ:DGICB) Issues Quarterly Earnings Results

Key Points

• Donegal Group beat earnings expectations, reporting quarterly EPS of $0.46 versus the $0.44 consensus estimate. The company posted a 7.38% net margin and 10.65% return on equity.
• The insurer declared a quarterly dividend of $0.175 per share, equivalent to $0.70 annually and a 3.1% yield. The dividend payout ratio is 39.33%.
• Shares fell $3.29 to $22.61 in Thursday trading, while analysts maintained a “Hold” view on the stock.

Donegal Group (NASDAQ:DGICB - Get Free Report) posted its quarterly earnings data on Thursday. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02, Zacks reports. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%.

Donegal Group Price Performance

Shares of NASDAQ:DGICB traded down $3.29 during midday trading on Thursday, hitting $22.61. The company's stock had a trading volume of 5,459 shares, compared to its average volume of 4,481. The business's 50 day simple moving average is $21.33 and its 200 day simple moving average is $19.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $839.19 million, a P/E ratio of 12.70 and a beta of 0.01. Donegal Group has a 12-month low of $15.10 and a 12-month high of $29.99.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 2nd. Donegal Group's dividend payout ratio (DPR) is currently 39.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Donegal Group in a research report on Monday, September 21st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average 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.

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