Donegal Group (DGICB) Earning Somewhat Positive Media Coverage, Study Finds
News headlines about Donegal Group (NASDAQ:DGICB) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Donegal Group earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.0741837961679 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Donegal Group (NASDAQ:DGICB) remained flat at $14.00 during midday trading on Tuesday. 11 shares of the stock traded hands. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $15.38. Donegal Group has a one year low of $14.00 and a one year high of $22.88. The stock has a market cap of $382.51 million, a price-to-earnings ratio of 29.66 and a beta of 0.87.
Donegal Group (NASDAQ:DGICB) last posted its quarterly earnings results on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.04. Donegal Group had a return on equity of 2.24% and a net margin of 1.84%. The firm had revenue of $182.48 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.1225 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.49 annualized dividend and a yield of 3.50%. Donegal Group’s dividend payout ratio is currently 102.08%.
Separately, TheStreet downgraded shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Monday, June 26th.
About Donegal Group
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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