DOWLING & PARTN Comments on Donegal Group FY2028 Earnings

Key Points

• DOWLING & PARTN forecasts FY2028 EPS of $2.00 for Donegal Group, above the current consensus estimate of $1.70.
• Analyst sentiment remains mixed, with one Buy, one Hold, and one Sell rating; the overall consensus is Hold with a $20.00 target price.
• Donegal Group’s latest quarterly results exceeded expectations, reporting EPS of $0.53 versus $0.42 expected, while maintaining a quarterly dividend of $0.1925 per share, equivalent to a 4.3% yield.

Donegal Group, Inc. (NASDAQ:DGICA - Free Report) - Investment analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for Donegal Group in a report released on Tuesday, September 29th. DOWLING & PARTN analyst J. Collins expects that the insurance provider will earn $2.00 per share for the year. The consensus estimate for Donegal Group's current full-year earnings is $1.70 per share.

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Donegal Group from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Donegal Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 28th. Finally, Zacks Research cut shares of Donegal Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.00.

Donegal Group Stock Performance

Shares of DGICA stock opened at $17.79 on Thursday. The stock has a market capitalization of $660.36 million, a PE ratio of 9.22 and a beta of -0.01. The business's 50 day simple moving average is $18.94 and its 200 day simple moving average is $18.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group has a one year low of $16.11 and a one year high of $21.06.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 10.65% and a net margin of 7.38%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in Donegal Group by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider's stock worth $4,746,000 after purchasing an additional 80,614 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Donegal Group by 145.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 67,726 shares of the insurance provider's stock worth $1,245,000 after purchasing an additional 40,078 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Donegal Group during the 2nd quarter worth about $273,000. Bank of America Corp DE grew its stake in shares of Donegal Group by 3.1% in the 1st quarter. Bank of America Corp DE now owns 73,820 shares of the insurance provider's stock valued at $1,268,000 after buying an additional 2,243 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Donegal Group in the 2nd quarter valued at about $344,000. Institutional investors and hedge funds own 27.96% of the company's stock.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, insider Kevin Burke sold 24,000 shares of Donegal Group stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $19.23, for a total value of $461,520.00. Following the completion of the sale, the insider directly owned 13,870 shares in the company, valued at approximately $266,720.10. The trade was a 63.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mutual Insurance Co Donegal purchased 54,725 shares of the company's stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $19.23 per share, for a total transaction of $1,052,361.75. Following the completion of the purchase, the insider 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. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 220,437 shares of company stock valued at $4,218,669 and have sold 111,108 shares valued at $2,153,119. Company insiders own 2.75% of the company's stock.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.1925 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.77 annualized dividend and a yield of 4.3%. Donegal Group's dividend payout ratio (DPR) is currently 39.90%.

About Donegal Group

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through a network of independent insurance agents. The company operates through regional insurance subsidiaries affiliated with Donegal Mutual Insurance Company and serves individuals, families, farms, and businesses.

Its personal insurance products generally include automobile, homeowners, dwelling fire, renters, and farmowners coverage. Donegal Group also offers commercial insurance, including businessowners policies, commercial automobile, commercial package, workers' compensation, general liability, and related coverages.

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