Donegal Group (DGICB) Projected to Release Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is expected to issue its results before the market opens on Thursday, July 30th. Analysts expect the company to post earnings of $0.42 per share and revenue of $231.5280 million for the quarter.

Donegal Group (NASDAQ:DGICB) last released its earnings results on Thursday, April 30th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.15). The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $247.83 million. Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.

Donegal Group Stock Up 5.4%

Shares of DGICB opened at $22.98 on Thursday. Donegal Group has a fifty-two week low of $13.84 and a fifty-two week high of $29.99. The firm has a market cap of $851.41 million, a PE ratio of 13.60 and a beta of 0.04. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $21.01 and its two-hundred day moving average is $18.50.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 31st. Donegal Group’s payout ratio is currently 41.42%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Donegal Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Donegal Group has an average rating of “Hold”.

Institutional Investors Weigh In On Donegal Group

A hedge fund recently bought a new stake in Donegal Group stock. Raymond James Financial Inc. bought a new position in shares of Donegal Group, Inc. (NASDAQ:DGICB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. Institutional investors own 1.19% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four 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.