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, April 24th. Analysts expect Donegal Group to post earnings of $0.34 per share and revenue of $248.73 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The insurance provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.39. The firm had revenue of $249.70 million for the quarter, compared to the consensus estimate of $250.61 million. Donegal Group had a return on equity of 9.50% and a net margin of 5.14%. On average, analysts expect Donegal Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Donegal Group Trading Up 0.6 %

NASDAQ:DGICA traded up $0.10 during trading hours on Friday, hitting $18.24. The company had a trading volume of 90,336 shares, compared to its average volume of 78,075. Donegal Group has a 1 year low of $12.26 and a 1 year high of $19.87. The company has a market cap of $650.06 million, a P/E ratio of 12.00 and a beta of -0.05. The company has a 50-day moving average of $17.74 and a 200 day moving average of $16.17. 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's dividend payout ratio is currently 45.39%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Donegal Group from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th.

Insiders Place Their Bets

In other news, major shareholder Mutual Insurance Co Donegal acquired 8,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $18.14 per share, for a total transaction of $145,120.00. Following the acquisition, the insider now owns 13,334,382 shares of the company's stock, valued at $241,885,689.48. This represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Daniel Delamater sold 12,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $17.77, for a total value of $213,240.00. Following the transaction, the executive vice president now owns 1,495 shares of the company's stock, valued at $26,566.15. This trade represents a 88.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 105,908 shares of company stock valued at $1,865,086 and sold 47,119 shares valued at $845,651. 6.63% of the stock is 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.