Donegal Group Inc. (NASDAQ:DGICA) – Stock analysts at Boenning Scattergood issued their Q2 2017 earnings per share (EPS) estimates for Donegal Group in a research note issued to investors on Thursday. Boenning Scattergood analyst R. Farnam anticipates that the insurance provider will post earnings of $0.24 per share for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Donegal Group’s Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $0.90 EPS and FY2018 earnings at $1.15 EPS.

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Shares of Donegal Group (NASDAQ:DGICA) opened at 15.60 on Monday. The firm’s 50-day moving average price is $16.44 and its 200 day moving average price is $16.71. Donegal Group has a 12 month low of $14.49 and a 12 month high of $18.55. The company has a market cap of $425.72 million, a PE ratio of 17.87 and a beta of 0.04.

Donegal Group (NASDAQ:DGICA) last announced its earnings results on Wednesday, April 19th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.23. The company had revenue of $175.05 million for the quarter. Donegal Group had a net margin of 4.89% and a return on equity of 7.16%.

Several institutional investors have recently bought and sold shares of the company. Allianz Asset Management AG acquired a new position in Donegal Group during the fourth quarter valued at approximately $585,000. Dimensional Fund Advisors LP increased its position in Donegal Group by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,580,912 shares of the insurance provider’s stock valued at $27,634,000 after buying an additional 28,649 shares during the period. Philadelphia Trust Co. increased its position in Donegal Group by 13.8% in the fourth quarter. Philadelphia Trust Co. now owns 484,113 shares of the insurance provider’s stock valued at $8,462,000 after buying an additional 58,579 shares during the period. State Street Corp increased its position in Donegal Group by 15.1% in the fourth quarter. State Street Corp now owns 175,180 shares of the insurance provider’s stock valued at $3,062,000 after buying an additional 22,978 shares during the period. Finally, Renaissance Technologies LLC increased its position in Donegal Group by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 333,000 shares of the insurance provider’s stock valued at $5,821,000 after buying an additional 60,443 shares during the period. Institutional investors and hedge funds own 26.24% of the company’s stock.

In other Donegal Group news, Director Robert S. Bolinger sold 12,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $16.67, for a total value of $200,040.00. Following the completion of the transaction, the director now owns 9,185 shares in the company, valued at $153,113.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.38% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a $0.14 dividend. This is an increase from Donegal Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, April 27th. This represents a $0.56 annualized dividend and a dividend yield of 3.59%. Donegal Group’s payout ratio is 44.35%.

About Donegal Group

Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.

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