Donegal Group (DGICA) Expected to Release Earnings on Thursday

Key Points

• Donegal Group is expected to report earnings before the market opens Thursday, October 29. Analysts project quarterly EPS of $0.43 and revenue of $214.12 million, compared with the company’s previous quarter EPS beat of $0.53 versus a $0.42 consensus estimate.
• The company declared a quarterly dividend of $0.1925 per share, payable November 16 to shareholders of record November 2. The annualized dividend is $0.77, representing a 4.1% yield and a 39.9% payout ratio.
• DGICA shares recently traded around $18.65, while analysts maintain a consensus “Hold” rating and a $20 average price target. Recent insider activity included substantial sales by the CFO and another insider, although insiders collectively bought more shares than they sold over the past three months.

Donegal Group (NASDAQ:DGICA - Get Free Report) is anticipated to release its results before the market opens on Thursday, October 29th. Analysts expect Donegal Group to post earnings of $0.43 per share and revenue of $214.12 million for the quarter.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The business had revenue of $241.12 million for the quarter, compared to analyst estimates of $231.53 million. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%. On average, analysts expect Donegal Group to post $1.75 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.

Donegal Group Trading Down 0.6%

NASDAQ DGICA opened at $18.65 on Thursday. The firm's fifty day moving average price is $18.69 and its 200 day moving average price is $18.21. Donegal Group has a 12 month low of $16.11 and a 12 month high of $21.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.04 and a beta of -0.03.

Donegal Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 2nd. Donegal Group's dividend payout ratio is presently 39.90%.

Insider Buying and Selling at Donegal Group

In related news, insider Kevin Burke sold 24,000 shares of the company's 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 sale, the insider owned 13,870 shares in the company, valued at $266,720.10. This represents a 63.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Miller sold 21,000 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $19.23, for a total value of $403,830.00. Following the completion of the transaction, the chief financial officer directly owned 27,176 shares of the company's stock, valued at $522,594.48. The trade was a 43.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have bought 220,437 shares of company stock worth $4,218,669 and have sold 111,108 shares worth $2,153,119. Insiders own 2.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DGICA shares. Zacks Research raised Donegal Group from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Donegal Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 28th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Donegal Group from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Donegal Group has a consensus rating of "Hold" and an average price target of $20.00.

Donegal Group Company Profile

Donegal Group Inc NASDAQ: DGICA is an insurance holding company that, through its insurance subsidiaries, provides property and casualty insurance products to individuals and businesses. The company operates under the strategic direction of Donegal Mutual Insurance Company, which owns a controlling interest in Donegal Group.

Its personal insurance offerings include automobile, homeowners, dwelling fire, farmowners and related coverage. Donegal Group also provides commercial insurance products, including businessowners, commercial automobile, commercial property and workers' compensation coverage, along with other specialized property and casualty policies.

Founded in 1986 and headquartered in Marietta, Pennsylvania, Donegal Group serves policyholders through independent agents across a broad group of states, primarily in the Mid-Atlantic, Southern and Midwestern regions of the United States.

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