Donegal Group, Inc. (DGICB) to Distribute Quarterly Dividend of $0.17 on August 14th

Donegal Group, Inc. (NASDAQ:DGICB) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be given a dividend of 0.175 per share by the insurance provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, July 31st.

Donegal Group has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Donegal Group has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Donegal Group Stock Down 3.7%

Donegal Group stock opened at $22.15 on Friday. Donegal Group has a 1-year low of $13.84 and a 1-year high of $29.99. The business has a fifty day moving average price of $20.80 and a 200-day moving average price of $18.37. 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 stock has a market capitalization of $820.66 million, a price-to-earnings ratio of 13.11 and a beta of 0.04.

Donegal Group (NASDAQ:DGICB) last announced its earnings results on Thursday, April 30th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.15). The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $247.83 million. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Donegal Group stock. Lewis Asset Management LLC bought a new stake in shares of Donegal Group, Inc. (NASDAQ:DGICB) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,469 shares of the insurance provider’s stock, valued at approximately $203,000. Institutional investors and hedge funds own 1.19% of the company’s stock.

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.