Donegal Group (DGICA) Given Media Sentiment Rating of 0.10
News headlines about Donegal Group (NASDAQ:DGICA) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Donegal Group earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.8457052095703 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Donegal Group (DGICA) opened at $17.40 on Friday. The firm has a market cap of $467.15, a PE ratio of 37.20 and a beta of 0.28. Donegal Group has a 52 week low of $14.49 and a 52 week high of $18.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.42 and a quick ratio of 0.42.
Donegal Group (NASDAQ:DGICA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. equities analysts expect that Donegal Group will post 0.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.22%. Donegal Group’s payout ratio is currently 101.82%.
A number of research analysts have recently commented on DGICA shares. Zacks Investment Research lowered shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Donegal Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet lowered shares of Donegal Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Donegal Group and gave the company a “hold” rating in a research report on Thursday, August 17th. Finally, Boenning Scattergood raised shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Donegal Group presently has a consensus rating of “Hold” and a consensus price target of $19.67.
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In other news, Director Jack Lee Hess acquired 2,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $16.78 per share, with a total value of $33,560.00. Following the completion of the purchase, the director now owns 4,489 shares of the company’s stock, valued at $75,325.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patricia A. Gilmartin sold 5,333 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.17, for a total transaction of $91,567.61. Following the sale, the director now directly owns 13,562 shares in the company, valued at $232,859.54. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.
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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