Donegal Group (NASDAQ:DGICA) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Donegal Group (NASDAQ:DGICA) released its earnings results on Thursday. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. The business had revenue of $246.77 million for the quarter, compared to the consensus estimate of $243.00 million. Donegal Group had a return on equity of 0.90% and a net margin of 0.76%.

Donegal Group Stock Up 0.4 %

DGICA traded up $0.06 during trading on Friday, hitting $14.88. The company had a trading volume of 67,136 shares, compared to its average volume of 59,782. The company has a market capitalization of $496.84 million, a PE ratio of 93.00 and a beta of -0.05. Donegal Group has a one year low of $12.26 and a one year high of $15.30. The firm’s 50-day moving average price is $13.17 and its 200 day moving average price is $13.68. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07.

Donegal Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.172 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Thursday, August 1st. Donegal Group’s dividend payout ratio (DPR) is 431.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Donegal Group from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.