Shares of Donegal Group, Inc. (NASDAQ:DGICB – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $27.10, but opened at $24.90. Donegal Group shares last traded at $26.1580, with a volume of 1,143 shares.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Donegal Group in a research report on Monday, September 21st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Donegal Group
Donegal Group Trading Up 0.7%
The stock has a market capitalization of $962.52 million, a P/E ratio of 15.07 and a beta of -0.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The firm’s fifty day simple moving average is $21.43 and its 200 day simple moving average is $19.93.
Donegal Group (NASDAQ:DGICB – Get Free Report) last posted its earnings results on Thursday, October 29th. The insurance provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Donegal Group had a net margin of 7.24% and a return on equity of 10.49%. The firm had revenue of $209.73 million for the quarter, compared to analyst estimates of $214.12 million.
Donegal Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 2nd. Donegal Group’s dividend payout ratio (DPR) is 40.70%.
About Donegal Group
Donegal Group is an insurance holding company based in Marietta, Pennsylvania. Through its property and casualty insurance subsidiaries, it provides coverage to individuals and businesses, primarily through a network of independent insurance agencies. The company’s products include personal auto and homeowners insurance, as well as commercial auto, workers’ compensation and other business insurance. Its operations serve customers across multiple states, with a regional focus in the eastern United States.
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