Donegal Group (NASDAQ:DGICA) Issues Earnings Results

Donegal Group (NASDAQ:DGICA) posted its quarterly earnings data on Thursday. The insurance provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.39, Zacks reports. Donegal Group had a return on equity of 3.95% and a net margin of 2.54%.

Donegal Group Trading Up 1.0 %

Shares of DGICA traded up $0.16 during mid-day trading on Thursday, reaching $15.33. The company had a trading volume of 38,242 shares, compared to its average volume of 83,908. The stock has a market cap of $519.46 million, a price-to-earnings ratio of 20.09 and a beta of -0.02. The firm has a fifty day simple moving average of $15.10 and a 200-day simple moving average of $15.16. Donegal Group has a fifty-two week low of $12.26 and a fifty-two week high of $17.00. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07.

Donegal Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.1725 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.69 dividend on an annualized basis and a yield of 4.50%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s dividend payout ratio (DPR) is 90.79%.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, major shareholder Mutual Insurance Co Donegal bought 8,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $16.19 per share, with a total value of $137,615.00. Following the purchase, the insider now owns 12,713,138 shares in the company, valued at approximately $205,825,704.22. The trade was a 0.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin Gerard Burke sold 90,000 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.67, for a total transaction of $1,500,300.00. Following the completion of the transaction, the insider now directly owns 10,710 shares in the company, valued at approximately $178,535.70. This represents a 89.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 399,722 shares of company stock worth $6,643,696 and have sold 289,064 shares worth $4,799,023. 6.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.