Donegal Group (DGICA) Set to Announce Earnings on Thursday

Donegal Group (NASDAQ:DGICA - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Donegal Group (NASDAQ:DGICA - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The insurance provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.34). The firm had revenue of $239.47 million for the quarter, compared to the consensus estimate of $234.10 million. Donegal Group had a return on equity of 0.40% and a net margin of 0.48%. During the same quarter in the previous year, the company posted $0.09 EPS. 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 Performance

Shares of DGICA stock traded up $0.26 on Thursday, hitting $13.64. 45,400 shares of the stock were exchanged, compared to its average volume of 57,599. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $455.44 million, a PE ratio of 95.57 and a beta of -0.07. Donegal Group has a one year low of $13.10 and a one year high of $15.76. The firm's 50 day moving average is $13.95 and its two-hundred day moving average is $14.17.

Wall Street Analysts Forecast Growth

DGICA has been the subject of several research reports. StockNews.com downgraded Donegal Group from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Janney Montgomery Scott began coverage on Donegal Group in a research note on Wednesday, December 20th. They set a "neutral" rating and a $15.00 price target for the company.

Hedge Funds Weigh In On Donegal Group

A number of large investors have recently modified their holdings of DGICA. Great West Life Assurance Co. Can raised its holdings in shares of Donegal Group by 58.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,924 shares of the insurance provider's stock valued at $27,000 after buying an additional 707 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Donegal Group during the 3rd quarter valued at about $44,000. FMR LLC raised its holdings in shares of Donegal Group by 15,473.7% during the 2nd quarter. FMR LLC now owns 2,959 shares of the insurance provider's stock valued at $50,000 after buying an additional 2,940 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Donegal Group by 838.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,625 shares of the insurance provider's stock worth $62,000 after purchasing an additional 4,132 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Donegal Group by 55.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,545 shares of the insurance provider's stock worth $77,000 after purchasing an additional 1,621 shares during the period. 27.96% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Company Profile

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.