Donegal Group (DGICB) Projected to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is expected to release its results before the market opens on Thursday, July 30th. Analysts expect Donegal Group to announce earnings of $0.42 per share and revenue of $231.5280 million for the quarter.

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

Donegal Group Price Performance

Shares of NASDAQ DGICB opened at $21.85 on Wednesday. Donegal Group has a 1 year low of $13.84 and a 1 year high of $29.99. 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 moving average is $21.21 and its 200 day moving average is $18.61. The stock has a market capitalization of $809.54 million, a P/E ratio of 12.93 and a beta of 0.04.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.175 dividend. The ex-dividend date is Friday, July 31st. This represents a $0.70 annualized dividend and a yield of 3.2%. Donegal Group’s dividend payout ratio (DPR) is 41.42%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Donegal Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Donegal Group currently has an average rating of “Hold”.

Institutional Trading of Donegal Group

An institutional investor recently bought a new stake in Donegal Group stock. Raymond James Financial Inc. bought a new position in Donegal Group, Inc. (NASDAQ:DGICB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. 1.19% of the stock is currently owned by institutional investors and hedge funds.

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.