Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Donegal Group (DGICA) Share Price
News headlines about Donegal Group (NASDAQ:DGICA) have been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Donegal Group earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.6953453314884 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Anticipate Donegal Group, Inc. (DGICA) to Post $0.39 Earnings Per Share (americanbankingnews.com)
- Director of Donegal Group Inc (NASDAQ:DGICA), Gilmartin Patricia A, sells 5,333 shares worth $91,568 (empowerednews.net)
- Donegal Group, Inc. (DGICA) Director Sells $91,567.61 in Stock (americanbankingnews.com)
- Zacks: Donegal Group, Inc. (DGICA) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
Shares of Donegal Group (DGICA) opened at $17.18 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.44 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $471.25, a price-to-earnings ratio of 37.35 and a beta of 0.28. Donegal Group has a 12-month low of $14.49 and a 12-month high of $18.55.
Donegal Group (NASDAQ:DGICA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $185.72 million for the quarter, compared to the consensus estimate of $187.60 million. Donegal Group had a return on equity of 2.81% and a net margin of 2.13%. equities analysts predict that Donegal Group will post 0.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.26%. Donegal Group’s payout ratio is 98.25%.
A number of equities research analysts have weighed in on the company. TheStreet upgraded Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th. Zacks Investment Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub lowered Donegal Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Boenning Scattergood raised Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods raised Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.67.
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In related news, Director Jack Lee Hess acquired 2,000 shares of Donegal Group stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $33,560.00. Following the completion of the transaction, the director now directly owns 4,489 shares of the company’s stock, valued at $75,325.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patricia A. Gilmartin sold 5,333 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $17.17, for a total value of $91,567.61. Following the completion of the sale, the director now owns 13,562 shares in the company, valued at $232,859.54. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.
Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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