Donegal Group (DGICB) Set to Announce Earnings on Thursday

Donegal Group (NASDAQ:DGICB) is projected to issue its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.4367 per share and revenue of $214.12 million for the quarter.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, July 30th. The insurance provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. The firm had revenue of $232.25 million during the quarter, compared to analyst estimates of $231.53 million.

Donegal Group Trading Up 0.5%

Shares of DGICB stock opened at $24.10 on Tuesday. The stock has a market capitalization of $894.59 million, a price-to-earnings ratio of 13.87 and a beta of 0.01. The company’s fifty day simple moving average is $21.29 and its two-hundred day simple moving average is $19.51. Donegal Group has a 1 year low of $15.10 and a 1 year high of $29.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39.

Donegal Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.1750 dividend. The ex-dividend date is Monday, November 2nd. This represents a $0.70 annualized dividend and a dividend yield of 2.9%. Donegal Group’s payout ratio is 39.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Donegal Group in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

About Donegal Group

Donegal Group Inc is an insurance holding company headquartered in Marietta, Pennsylvania. Established in 1986, the company operates through regional property and casualty insurance subsidiaries and is affiliated with Donegal Mutual Insurance Company.

Donegal Group provides a range of personal, commercial, and agricultural insurance products. Its offerings generally include private passenger automobile, homeowners, commercial automobile, commercial property, business liability, workers’ compensation, and farm insurance.

The company distributes its policies primarily through independent insurance agencies and serves policyholders across multiple states in the Mid-Atlantic, Midwestern, and Southern regions of the United States.