Brokerages Anticipate Donegal Group Inc. (DGICA) to Post $0.39 EPS
Shares of Donegal Group Inc. (NASDAQ:DGICA) have earned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $19.00 for the company and are forecasting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Donegal Group an industry rank of 53 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the stock. BidaskClub cut shares of Donegal Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a report on Wednesday, November 1st. Keefe, Bruyette & Woods raised shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, November 1st. Boenning Scattergood raised shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Tuesday, October 31st. Finally, TheStreet raised shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th.
Donegal Group (DGICA) traded down $0.08 on Wednesday, reaching $16.91. 8,047 shares of the company’s stock were exchanged, compared to its average volume of 24,561. Donegal Group has a one year low of $14.51 and a one year high of $18.25. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $466.04, a PE ratio of 29.67 and a beta of 0.36.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.31%. Donegal Group’s dividend payout ratio is currently 98.25%.
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About Donegal Group
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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