Donegal Group (NASDAQ:DGICA) Issues Earnings Results, Beats Expectations By $0.04 EPS

Donegal Group (NASDAQ:DGICA) posted its quarterly earnings results on Thursday. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04, Zacks reports. Donegal Group had a net margin of 0.76% and a return on equity of 0.90%. The firm had revenue of $246.77 million during the quarter, compared to analyst estimates of $243.00 million.

Donegal Group Price Performance

Donegal Group stock traded up $0.06 on Friday, reaching $14.88. The company’s stock had a trading volume of 67,136 shares, compared to its average volume of 59,782. Donegal Group has a twelve month low of $12.26 and a twelve month high of $15.30. The company has a market cap of $496.84 million, a price-to-earnings ratio of 93.00 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.39. The business’s fifty day moving average price is $13.17 and its 200 day moving average price is $13.68.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.172 per share. The ex-dividend date is Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.62%. Donegal Group’s dividend payout ratio (DPR) is presently 431.25%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Donegal Group from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.