Donegal Group (DGICA) Expected to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA) is projected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $250.61 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Donegal Group Stock Down 0.1 %

DGICA stock opened at $15.19 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. Donegal Group has a 52-week low of $12.26 and a 52-week high of $17.00. The company has a 50-day moving average of $15.15 and a two-hundred day moving average of $15.16. The stock has a market capitalization of $514.94 million, a price-to-earnings ratio of 19.99 and a beta of -0.02.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.54%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, February 4th. Donegal Group’s dividend payout ratio is 90.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th.

Insider Activity

In other news, VP Vincent Anthony Viozzi sold 10,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $16.29, for a total transaction of $171,045.00. Following the completion of the transaction, the vice president now owns 9,891 shares of the company’s stock, valued at approximately $161,124.39. This represents a 51.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Dean Miller sold 85,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.67, for a total transaction of $1,416,950.00. Following the completion of the transaction, the chief financial officer now directly owns 22,613 shares of the company’s stock, valued at $376,958.71. This trade represents a 78.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 399,722 shares of company stock valued at $6,643,696 and sold 289,064 shares valued at $4,799,023. 6.63% of the stock is owned by company insiders.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three 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; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.