Donegal Group (NASDAQ:DGICB) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Donegal Group (NASDAQ:DGICB) released its quarterly earnings data on Thursday. The insurance provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02, Zacks reports. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.

Donegal Group Trading Down 12.7%

Shares of DGICB traded down $3.29 during trading on Thursday, reaching $22.61. 5,459 shares of the company traded hands, compared to its average volume of 4,481. The stock has a 50-day simple moving average of $21.33 and a 200-day simple moving average of $19.63. The stock has a market cap of $839.19 million, a PE ratio of 12.70 and a beta of 0.01. Donegal Group has a twelve month low of $15.10 and a twelve month high of $29.99. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.1750 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.1%. Donegal Group’s dividend payout ratio (DPR) is currently 39.33%.

Wall Street Analyst Weigh In

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

Donegal Group Company Profile

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.