Donegal Group (DGICB) Expected to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is expected to be announcing its results before the market opens on Thursday, April 30th. Analysts expect the company to announce earnings of $0.4489 per share and revenue of $247.8310 million for the quarter.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, February 19th. The insurance provider reported $0.46 earnings per share for the quarter. Donegal Group had a return on equity of 12.81% and a net margin of 8.11%.The firm had revenue of $241.87 million for the quarter.

Donegal Group Stock Performance

NASDAQ DGICB traded down $0.44 during trading hours on Tuesday, hitting $19.32. The company had a trading volume of 389 shares, compared to its average volume of 4,453. Donegal Group has a fifty-two week low of $13.84 and a fifty-two week high of $20.46. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $16.55. The firm has a market cap of $714.73 million, a P/E ratio of 9.42 and a beta of 0.04.

Donegal Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be given a $0.175 dividend. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, May 1st. Donegal Group’s dividend payout ratio is 32.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Donegal Group in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Donegal Group stock. Raymond James Financial Inc. bought a new position in shares of Donegal Group, Inc. (NASDAQ:DGICB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. 1.19% of the stock is currently owned by institutional investors and hedge funds.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four 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.