Donegal Group (DGICB) Projected to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is projected to post its results before the market opens on Thursday, July 30th. Analysts expect the company to post earnings of $0.42 per share and revenue of $231.5280 million for the quarter.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, April 30th. The insurance provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.15). The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $247.83 million. Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.

Donegal Group Trading Up 0.5%

Shares of DGICB stock opened at $20.95 on Tuesday. Donegal Group has a fifty-two week low of $13.84 and a fifty-two week high of $29.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50 day simple moving average of $21.15 and a two-hundred day simple moving average of $18.58. The company has a market cap of $776.38 million, a P/E ratio of 12.40 and a beta of 0.04.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 3.3%. Donegal Group’s dividend payout ratio (DPR) is 41.42%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Donegal Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Donegal Group has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Donegal Group stock. Raymond James Financial Inc. acquired a new stake in Donegal Group, Inc. (NASDAQ:DGICB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. Institutional investors and hedge funds own 1.19% of the company’s stock.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four 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.