Donegal Group (NASDAQ:DGICB) Shares Gap Down – Should You Sell?

Donegal Group, Inc. (NASDAQ:DGICB) shares gapped down prior to trading on Tuesday. The stock had previously closed at $27.10, but opened at $24.90. Donegal Group shares last traded at $26.1580, with a volume of 1,143 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Donegal Group in a report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Donegal Group Trading Down 8.5%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.40. The firm has a market capitalization of $961.23 million, a P/E ratio of 15.06 and a beta of -0.10. The firm has a 50 day moving average price of $21.58 and a two-hundred day moving average price of $20.04.

Donegal Group (NASDAQ:DGICB) last announced its earnings results on Thursday, October 29th. The insurance provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Donegal Group had a return on equity of 10.45% and a net margin of 7.24%. The company had revenue of $209.73 million for the quarter, compared to analyst estimates of $214.12 million.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, November 2nd. Donegal Group’s payout ratio is presently 40.70%.

Donegal Group Company Profile

Donegal Group is an insurance holding company based in Marietta, Pennsylvania. Through its property and casualty insurance subsidiaries, it provides coverage to individuals and businesses, primarily through a network of independent insurance agencies. The company’s products include personal auto and homeowners insurance, as well as commercial auto, workers’ compensation and other business insurance. Its operations serve customers across multiple states, with a regional focus in the eastern United States.