Donegal Group, Inc. (DGICB) To Go Ex-Dividend on November 2nd

Donegal Group, Inc. (NASDAQ:DGICB) announced a quarterly dividend on Thursday, October 15th. Investors of record on Monday, November 2nd will be given a dividend of $0.1750 per share by the insurance provider on Monday, November 16th. This represents a $0.70 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 2nd.

Donegal Group has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Donegal Group Stock Performance

NASDAQ DGICB traded down $0.06 during trading on Friday, hitting $19.09. The company’s stock had a trading volume of 1,226 shares, compared to its average volume of 3,476. The firm has a market cap of $708.62 million, a P/E ratio of 10.72 and a beta of 0.01. Donegal Group has a 52 week low of $15.10 and a 52 week high of $29.99. The firm has a 50 day moving average price of $21.51 and a 200 day moving average price of $20.72. 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 (NASDAQ:DGICB) last announced its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $232.25 million during the quarter, compared to the consensus estimate of $231.53 million. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.

Analysts Set New Price Targets

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

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through its insurance subsidiaries. The company primarily serves individuals, families, farmers, and businesses through a network of independent insurance agents.

Its products generally include personal automobile, homeowners, farmowners, and other personal insurance policies, along with commercial automobile, commercial property, businessowners, workers’ compensation, and related commercial coverage.