Donegal Group (DGICA) Releases Quarterly Earnings Results
Donegal Group (NASDAQ:DGICA) posted its quarterly earnings results on Friday. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.05, Analyst Ratings Network reports. The company had revenue of $130.65 million for the quarter, compared to the consensus estimate of $138.13 million.
Shares of Donegal Group (NASDAQ:DGICA) opened at 16.50 on Friday. Donegal Group has a 52-week low of $12.25 and a 52-week high of $16.52. The stock has a 50-day moving average of $13.77 and a 200-day moving average of $14.42. The company has a market cap of $428.3 million and a price-to-earnings ratio of 19.50.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.13 per share. This represents a $0.51 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, October 30th.
On the ratings front, analysts at Keefe, Bruyette & Woods upgraded shares of Donegal Group from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd.
Donegal Group Inc (NASDAQ:DGICA) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in 22 Mid-Atlantic, Midwestern, New England and Southern states.
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