Donegal Group (DGICA) Set to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Donegal Group to post earnings of $0.02 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Donegal Group (NASDAQ:DGICA - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Donegal Group had a net margin of 0.76% and a return on equity of 0.89%. The firm had revenue of $246.77 million for the quarter, compared to analyst estimates of $243.00 million. On average, analysts expect Donegal Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Donegal Group Stock Up 0.9 %

NASDAQ:DGICA traded up $0.13 during midday trading on Thursday, hitting $15.05. 36,032 shares of the company were exchanged, compared to its average volume of 55,031. The company has a fifty day simple moving average of $14.79 and a 200 day simple moving average of $13.89. Donegal Group has a fifty-two week low of $12.26 and a fifty-two week high of $15.45. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $502.56 million, a PE ratio of 94.13 and a beta of -0.06.

Insider Activity

In other news, major shareholder Mutual Insurance Co Donegal bought 9,024 shares of the stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average price of $14.96 per share, with a total value of $134,999.04. Following the completion of the acquisition, the insider now directly owns 12,104,114 shares in the company, valued at approximately $181,077,545.44. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Mutual Insurance Co Donegal acquired 9,024 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of $14.96 per share, with a total value of $134,999.04. Following the completion of the acquisition, the insider now owns 12,104,114 shares in the company, valued at approximately $181,077,545.44. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Vincent Anthony Viozzi sold 30,000 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $15.24, for a total transaction of $457,200.00. Following the sale, the vice president now directly owns 9,891 shares in the company, valued at approximately $150,738.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 139,437 shares of company stock valued at $2,062,143 over the last quarter. Corporate insiders own 6.63% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Donegal Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 2nd.

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.