Donegal Group (DGICB) Set to Announce Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is projected to issue its results before the market opens on Thursday, October 29th. Analysts expect Donegal Group to post earnings of $0.4367 per share and revenue of $214.12 million for the quarter.

Donegal Group (NASDAQ:DGICB) last announced its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $232.25 million during the quarter, compared to analysts’ expectations of $231.53 million. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.

Donegal Group Trading Up 7.5%

NASDAQ DGICB opened at $21.17 on Thursday. The company has a market cap of $785.83 million, a price-to-earnings ratio of 11.39 and a beta of 0.01. Donegal Group has a 52 week low of $15.10 and a 52 week high of $29.99. The business has a 50 day moving average price of $21.31 and a 200-day moving average price of $20.81. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, November 2nd. Donegal Group’s dividend payout ratio (DPR) is currently 39.33%.

Wall Street Analysts Forecast Growth

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