Donegal Group (NASDAQ:DGICA) Issues Earnings Results, Beats Estimates By $0.04 EPS

Donegal Group (NASDAQ:DGICA) posted its quarterly earnings results on Thursday. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. 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 0.90% and a net margin of 0.76%.

Donegal Group Stock Up 0.4 %

Donegal Group stock traded up $0.06 during midday trading on Friday, hitting $14.88. 67,136 shares of the company were exchanged, compared to its average volume of 59,782. The company has a market cap of $496.84 million, a PE ratio of 93.00 and a beta of -0.05. Donegal Group has a fifty-two week low of $12.26 and a fifty-two week high of $15.30. The company’s fifty day moving average price is $13.17 and its 200-day moving average price is $13.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39.

Donegal Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.172 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.62%. Donegal Group’s dividend payout ratio (DPR) is currently 431.25%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Donegal Group from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.