Donegal Group (DGICB) Set to Announce Earnings on Thursday

Key Points

• Donegal Group is expected to report earnings before the market opens Thursday, October 29. Analysts forecast quarterly EPS of $0.4367 and revenue of $214.12 million.
• In the previous quarter, the insurer reported $0.49 EPS, beating consensus estimates of $0.42, while revenue reached $232.25 million.
• Donegal Group declared a quarterly dividend of $0.175 per share, representing a 3.3% yield, while analysts maintain a consensus “Hold” rating on the stock.

Donegal Group (NASDAQ:DGICB - Get Free Report) is expected to announce its results before the market opens on Thursday, October 29th. Analysts expect Donegal Group to announce earnings of $0.4367 per share and revenue of $214.12 million for the quarter.

Donegal Group (NASDAQ:DGICB - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. The business had revenue of $232.25 million for the quarter, compared to analysts' expectations of $231.53 million.

Donegal Group Stock Performance

Shares of Donegal Group stock opened at $21.17 on Thursday. The business has a 50-day moving average price of $21.31 and a two-hundred day moving average price of $20.81. Donegal Group has a 1-year low of $15.10 and a 1-year high of $29.99. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a market cap of $785.83 million, a P/E ratio of 11.39 and a beta of 0.01.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.1750 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.70 annualized dividend and a dividend yield of 3.3%. Donegal Group's dividend payout ratio is presently 39.33%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Donegal Group in a research note on Monday, September 21st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Donegal Group presently has a consensus 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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