Donegal Group (NASDAQ:DGICB) Shares Gap Down – Here’s Why

Donegal Group, Inc. (NASDAQ:DGICB – Get Free Report) shares gapped down before the market opened on Tuesday. The stock had previously closed at $27.10, but opened at $24.90. Donegal Group shares last traded at $26.1580, with a volume of 1,143 shares trading hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on DGICB

Donegal Group Trading Up 0.7%

The firm has a market cap of $962.52 million, a price-to-earnings ratio of 15.07 and a beta of -0.10. 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 company’s 50 day simple moving average is $21.43 and its 200 day simple moving average is $19.93.

Donegal Group (NASDAQ:DGICB – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The insurance provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Donegal Group had a net margin of 7.24% and a return on equity of 10.49%. The firm had revenue of $209.73 million during the quarter, compared to the consensus estimate of $214.12 million.

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 given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 2nd. Donegal Group’s payout ratio is 40.70%.

Donegal Group Company Profile

(Get Free Report)

Donegal Group is an insurance holding company based in Marietta, Pennsylvania. Through its property and casualty insurance subsidiaries, it provides coverage to individuals and businesses, primarily through a network of independent insurance agencies. The company’s products include personal auto and homeowners insurance, as well as commercial auto, workers’ compensation and other business insurance. Its operations serve customers across multiple states, with a regional focus in the eastern United States.

Further Reading

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