Donegal Group (NASDAQ:DGICB) Releases Earnings Results, Beats Estimates By $0.02 EPS

Donegal Group (NASDAQ:DGICB) posted its quarterly earnings data on Thursday. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02, Zacks reports. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.

Donegal Group Stock Down 12.5%

Shares of NASDAQ DGICB traded down $3.23 during midday trading on Thursday, hitting $22.66. The stock had a trading volume of 5,625 shares, compared to its average volume of 4,482. The business’s 50 day moving average is $21.33 and its 200-day moving average is $19.63. 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 has a 52 week low of $15.10 and a 52 week high of $29.99. The company has a market cap of $841.30 million, a P/E ratio of 12.73 and a beta of 0.01.

Donegal Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.1750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $0.70 dividend on an annualized basis and a yield of 3.1%. Donegal Group’s payout ratio is presently 39.33%.

Analyst Upgrades and Downgrades

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

About Donegal Group

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.