Somewhat Positive Media Coverage Somewhat Unlikely to Affect Donegal Group (NASDAQ:DGICA) Stock Price
Press coverage about Donegal Group (NASDAQ:DGICA) has trended somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Donegal Group earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 46.5216323921387 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms have issued reports on DGICA. BidaskClub lowered Donegal Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of Donegal Group in a research note on Friday, July 14th. Boenning Scattergood began coverage on Donegal Group in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research lowered Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Donegal Group (NASDAQ DGICA) traded down 1.26% during trading on Monday, reaching $14.94. The company’s stock had a trading volume of 43,851 shares. Donegal Group has a 1-year low of $14.49 and a 1-year high of $18.55. The stock has a market capitalization of $407.58 million, a PE ratio of 31.65 and a beta of 0.31. The stock has a 50 day moving average price of $15.58 and a 200 day moving average price of $16.36.
Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $182.48 million during the quarter, compared to analyst estimates of $185.20 million. Donegal Group had a net margin of 1.84% and a return on equity of 2.24%. Analysts anticipate that Donegal Group will post $0.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, July 28th. Donegal Group’s dividend payout ratio (DPR) is presently 114.29%.
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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