Donegal Group (NASDAQ:DGICB) Stock Price Down 4.4% – Should You Sell?

Donegal Group, Inc. (NASDAQ:DGICB) shares traded down 4.4% during mid-day trading on Wednesday. The stock traded as low as $27.20 and last traded at $26.1520. Approximately 447 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 4,341 shares. The stock had previously closed at $27.35.

Wall Street Analysts Forecast Growth

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

Donegal Group Stock Down 1.3%

The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 16.23 and a beta of -0.10. The firm’s 50 day simple moving average is $21.66 and its two-hundred day simple moving average is $20.10.

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 net margin of 7.24% and a return on equity of 10.45%. The firm had revenue of $209.73 million for the quarter, compared to analyst estimates of $214.12 million.

Donegal Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.1750 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 2nd. Donegal Group’s payout ratio is 40.70%.

About Donegal Group

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.