Donegal Group (NASDAQ:DGICB) Announces Quarterly Earnings Results

Donegal Group (NASDAQ:DGICB) announced its quarterly earnings results on Thursday. The insurance provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02, Zacks reports. The firm had revenue of $209.73 million for the quarter, compared to analyst estimates of $214.12 million. Donegal Group had a return on equity of 10.49% and a net margin of 7.24%.

Donegal Group Stock Up 5.4%

Donegal Group stock opened at $24.99 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. Donegal Group has a 52-week low of $15.10 and a 52-week high of $29.99. The firm has a 50 day moving average price of $21.35 and a two-hundred day moving average price of $19.69. The firm has a market cap of $927.60 million, a price-to-earnings ratio of 14.53 and a beta of 0.01.

Donegal Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.1750 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.70 annualized dividend and a yield of 2.8%. Donegal Group’s dividend payout ratio (DPR) is presently 40.70%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Donegal Group in a research report on Monday, September 21st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Donegal Group Company Profile

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.