Donegal Group (NASDAQ:DGICB) Stock Price Down 4.4% – Time to Sell?

Donegal Group, Inc. (NASDAQ:DGICB) fell 4.4% during trading on Wednesday. The company traded as low as $27.20 and last traded at $26.1520. Approximately 447 shares traded hands during trading, a decline of 90% from the average session volume of 4,341 shares. The stock had previously closed at $27.35.

Analyst Ratings Changes

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

Donegal Group Stock Down 4.2%

The stock’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $19.98. The stock has a market capitalization of $972.54 million, a P/E ratio of 15.23 and a beta of -0.10. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group (NASDAQ:DGICB) last posted its quarterly earnings results on Thursday, October 29th. The insurance provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $209.73 million for the quarter, compared to analysts’ expectations of $214.12 million. Donegal Group had a net margin of 7.24% and a return on equity of 10.45%.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.1750 dividend. 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 dividend payout ratio (DPR) is currently 40.70%.

Donegal Group Company Profile

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.