Donegal Group (DGICA) Set to Announce Quarterly Earnings on Monday

Donegal Group (NASDAQ:DGICA) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.30) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.30). The company had revenue of $195.01 million during the quarter, compared to analyst estimates of $197.60 million. Donegal Group had a negative return on equity of 6.55% and a negative net margin of 4.24%. On average, analysts expect Donegal Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:DGICA opened at $12.68 on Monday. The firm has a market cap of $359.66 million, a P/E ratio of -12.68 and a beta of 0.36. Donegal Group has a 52-week low of $12.42 and a 52-week high of $15.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.44 and a quick ratio of 0.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.145 per share. This is a positive change from Donegal Group’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, April 30th. This represents a $0.58 annualized dividend and a yield of 4.57%. Donegal Group’s dividend payout ratio (DPR) is currently -57.00%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Donegal Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. BidaskClub downgraded Donegal Group from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. ValuEngine downgraded Donegal Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

A hedge fund recently raised its stake in Donegal Group stock. Geode Capital Management LLC lifted its stake in Donegal Group Inc. (NASDAQ:DGICA) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,259 shares of the insurance provider’s stock after buying an additional 5,187 shares during the period. Geode Capital Management LLC owned approximately 0.55% of Donegal Group worth $2,118,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.56% of the company’s stock.

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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, Commercial Lines of Insurance, and Investment in DFSC.

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Earnings History for Donegal Group (NASDAQ:DGICA)

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