Donegal Group (DGICA) Scheduled to Post Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $246.77 million during the quarter, compared to the consensus estimate of $243.00 million. Donegal Group had a return on equity of 0.89% and a net margin of 0.76%. On average, analysts expect Donegal Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Donegal Group Stock Performance

DGICA stock opened at $14.60 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50-day moving average price of $14.83 and a 200 day moving average price of $13.91. The company has a market capitalization of $487.54 million, a P/E ratio of 91.25 and a beta of -0.06. Donegal Group has a 1-year low of $12.26 and a 1-year high of $15.45.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.172 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.71%. Donegal Group’s payout ratio is currently 431.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Donegal Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd.

Insiders Place Their Bets

In other news, major shareholder Mutual Insurance Co Donegal bought 8,951 shares of Donegal Group stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $120,838.50. Following the completion of the acquisition, the insider now owns 12,123,065 shares of the company’s stock, valued at $163,661,377.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Donegal Group news, major shareholder Mutual Insurance Co Donegal purchased 8,951 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $120,838.50. Following the completion of the purchase, the insider now owns 12,123,065 shares of the company’s stock, valued at approximately $163,661,377.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Vincent Anthony Viozzi sold 30,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $15.24, for a total value of $457,200.00. Following the sale, the vice president now owns 9,891 shares in the company, valued at $150,738.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 139,437 shares of company stock worth $2,062,143. 6.63% of the stock is owned by corporate insiders.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three 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; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.