Donegal Group (NASDAQ:DGICA) Releases Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Donegal Group (NASDAQ:DGICA) released its quarterly earnings data on Thursday. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.39, Zacks reports. Donegal Group had a net margin of 2.54% and a return on equity of 3.95%. The business had revenue of $249.70 million during the quarter, compared to analysts’ expectations of $250.61 million.

Donegal Group Stock Up 1.0 %

NASDAQ:DGICA traded up $0.16 during midday trading on Friday, hitting $15.74. 16,861 shares of the company were exchanged, compared to its average volume of 85,455. The company has a fifty day simple moving average of $15.09 and a 200 day simple moving average of $15.17. Donegal Group has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $533.42 million, a PE ratio of 20.73 and a beta of -0.02.

Donegal Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a dividend of $0.1725 per share. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio (DPR) is currently 90.79%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th.

Insider Buying and Selling

In other news, Director Jon Marshall Mahan sold 12,500 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $16.15, for a total transaction of $201,875.00. Following the transaction, the director now directly owns 8,988 shares in the company, valued at $145,156.20. The trade was a 58.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barry C. Huber sold 2,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.60, for a total transaction of $41,500.00. Following the transaction, the director now owns 14,867 shares in the company, valued at approximately $246,792.20. This trade represents a 14.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 399,722 shares of company stock worth $6,643,696 and have sold 289,064 shares worth $4,799,023. 6.63% of the stock is owned by company insiders.

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.