Donegal Group (NASDAQ:DGICA) Announces Earnings Results

Donegal Group (NASDAQ:DGICA - Get Free Report) released its quarterly earnings results on Thursday. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.30 by $0.39, Zacks reports. Donegal Group had a net margin of 5.14% and a return on equity of 9.50%. The business had revenue of $249.70 million for the quarter, compared to analyst estimates of $250.61 million.

Donegal Group Trading Up 2.4 %

NASDAQ DGICA traded up $0.38 during mid-day trading on Monday, reaching $15.96. 99,781 shares of the stock were exchanged, compared to its average volume of 86,613. The business's fifty day simple moving average is $15.07 and its 200 day simple moving average is $15.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $540.98 million, a PE ratio of 10.50 and a beta of -0.02. Donegal Group has a 1-year low of $12.26 and a 1-year high of $17.00.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Tuesday, February 4th. This is a positive change from Donegal Group's previous quarterly dividend of $0.17. Donegal Group's payout ratio is currently 45.39%.

Insiders Place Their Bets

In other Donegal Group news, VP Sanjay Pandey sold 3,766 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $16.50, for a total transaction of $62,139.00. Following the transaction, the vice president now owns 6,871 shares of the company's stock, valued at $113,371.50. This trade represents a 35.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Mutual Insurance Co Donegal acquired 270,000 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $16.66 per share, with a total value of $4,498,200.00. Following the completion of the purchase, the insider now directly owns 13,046,126 shares in the company, valued at approximately $217,348,459.16. This trade represents a 2.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 391,222 shares of company stock valued at $6,506,081 and have sold 289,064 shares valued at $4,799,023. Corporate insiders own 5.00% of the company's stock.

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.