Donegal Group (DGICA) to Release Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Donegal Group to post earnings of $0.30 per share and revenue of $250.61 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Donegal Group Stock Down 0.7 %

Donegal Group stock traded down $0.11 during midday trading on Friday, hitting $15.21. The stock had a trading volume of 48,000 shares, compared to its average volume of 95,775. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $515.62 million, a P/E ratio of 20.01 and a beta of -0.02. Donegal Group has a 12 month low of $12.26 and a 12 month high of $17.00. The business has a fifty day moving average price of $15.17 and a 200 day moving average price of $15.14.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a $0.1725 dividend. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a yield of 4.54%. The ex-dividend date is Tuesday, February 4th. Donegal Group's payout ratio is currently 90.79%.

Analyst Ratings Changes

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

Insider Buying and Selling at Donegal Group

In other news, EVP William Daniel Delamater sold 9,616 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $16.77, for a total transaction of $161,260.32. Following the completion of the transaction, the executive vice president now directly owns 1,379 shares in the company, valued at approximately $23,125.83. The trade was a 87.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Mutual Insurance Co Donegal acquired 37,748 shares of Donegal Group stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of $15.81 per share, with a total value of $596,795.88. Following the completion of the transaction, the insider now owns 12,679,138 shares of the company's stock, valued at approximately $200,457,171.78. This trade represents a 0.30 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 437,470 shares of company stock worth $7,240,492 and sold 289,064 shares worth $4,799,023. 6.63% of the stock is currently owned by insiders.

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.