Donegal Group (NASDAQ:DGICA) Issues Earnings Results, Beats Expectations By $0.39 EPS

Donegal Group (NASDAQ:DGICA) released its quarterly earnings data on Thursday. The insurance provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $249.70 million for the quarter, compared to the consensus estimate of $250.61 million.

Donegal Group Stock Performance

Shares of NASDAQ:DGICA opened at $15.58 on Friday. The firm has a fifty day moving average of $15.07 and a two-hundred day moving average of $15.18. The firm has a market capitalization of $528.16 million, a P/E ratio of 10.25 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 company has a quick ratio of 0.38, a current 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 was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 4.43%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 4th. Donegal Group’s payout ratio is presently 45.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Donegal Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th.

Insider Buying and Selling at Donegal Group

In other news, VP Sanjay Pandey sold 3,766 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $113,371.50. The trade was a 35.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William Daniel Delamater sold 9,616 shares of Donegal Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.77, for a total transaction of $161,260.32. Following the sale, the executive vice president now owns 1,379 shares in the company, valued at approximately $23,125.83. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 399,722 shares of company stock valued at $6,643,696 and sold 289,064 shares valued at $4,799,023. Company insiders own 6.63% 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.