Analysts Anticipate Donegal Group Inc. (DGICA) to Announce $0.39 Earnings Per Share
Shares of Donegal Group Inc. (NASDAQ:DGICA) have received an average broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. Donegal Group’s rating score has improved by 50% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $19.00 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Donegal Group an industry rank of 62 out of 265 based on the ratings given to related companies.
Several research analysts recently commented on DGICA shares. TheStreet upgraded shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub lowered shares of Donegal Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods upgraded shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Wednesday, November 1st. Finally, Boenning Scattergood upgraded shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 31st.
Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $185.72 million during the quarter, compared to analyst estimates of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. analysts anticipate that Donegal Group will post 0.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, January 31st. Donegal Group’s dividend payout ratio is presently 101.82%.
In other Donegal Group news, Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $17.17, for a total transaction of $91,567.61. Following the sale, the director now owns 13,562 shares of the company’s stock, valued at approximately $232,859.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jack Lee Hess bought 2,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were bought at an average cost of $16.78 per share, for a total transaction of $33,560.00. Following the transaction, the director now owns 4,489 shares in the company, valued at approximately $75,325.42. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,000 shares of company stock worth $68,040. 11.90% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in shares of Donegal Group by 45.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,636 shares of the insurance provider’s stock valued at $121,000 after acquiring an additional 2,400 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Donegal Group by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,211 shares of the insurance provider’s stock valued at $640,000 after acquiring an additional 323 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Donegal Group by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 40 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Donegal Group by 34.0% in the 2nd quarter. Swiss National Bank now owns 20,900 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Donegal Group by 31.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 579,157 shares of the insurance provider’s stock valued at $9,209,000 after acquiring an additional 139,027 shares during the last quarter. 29.27% of the stock is currently owned by institutional investors.
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Donegal Group Company Profile
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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