DOWLING & PARTN Predicts Donegal Group FY2028 Earnings

Donegal Group, Inc. (NASDAQ:DGICA) – Research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for Donegal Group in a research report issued to clients and investors on Tuesday, September 29th. DOWLING & PARTN analyst J. Collins expects that the insurance provider will earn $2.00 per share for the year. The consensus estimate for Donegal Group’s current full-year earnings is $1.70 per share.

Donegal Group (NASDAQ:DGICA) last posted its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $231.53 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%.

Other research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 28th. Zacks Research lowered shares of Donegal Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Donegal Group Stock Performance

DGICA opened at $17.79 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $18.07. Donegal Group has a 1-year low of $16.11 and a 1-year high of $21.06. The company has a market cap of $660.36 million, a price-to-earnings ratio of 9.22 and a beta of -0.01.

Donegal Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.1925 per share. The ex-dividend date was Friday, July 31st. This represents a $0.77 annualized dividend and a yield of 4.3%. Donegal Group’s dividend payout ratio (DPR) is 39.90%.

Insider Activity

In related news, insider Kevin Burke sold 24,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $19.23, for a total transaction of $461,520.00. Following the transaction, the insider directly owned 13,870 shares of the company’s stock, valued at $266,720.10. This trade represents a 63.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Noland Rone Deas, Jr. sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $19.47, for a total transaction of $467,280.00. Following the transaction, the senior vice president directly owned 3,523 shares in the company, valued at $68,592.81. The trade was a 87.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 220,437 shares of company stock worth $4,218,669 and sold 111,108 shares worth $2,153,119. 2.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Donegal Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in DGICA. IFP Advisors Inc lifted its position in shares of Donegal Group by 27.8% during the 2nd quarter. IFP Advisors Inc now owns 9,214 shares of the insurance provider’s stock worth $174,000 after buying an additional 2,004 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Donegal Group by 3.1% in the 1st quarter. Bank of America Corp DE now owns 73,820 shares of the insurance provider’s stock worth $1,268,000 after buying an additional 2,243 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Donegal Group by 14.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 23,406 shares of the insurance provider’s stock valued at $402,000 after acquiring an additional 3,006 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Donegal Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after acquiring an additional 7,345 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Donegal Group by 26.3% during the fourth quarter. Hsbc Holdings PLC now owns 35,570 shares of the insurance provider’s stock valued at $710,000 after acquiring an additional 7,409 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Donegal Group

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through a network of independent insurance agents. The company operates through regional insurance subsidiaries affiliated with Donegal Mutual Insurance Company and serves individuals, families, farms, and businesses.

Its personal insurance products generally include automobile, homeowners, dwelling fire, renters, and farmowners coverage. Donegal Group also offers commercial insurance, including businessowners policies, commercial automobile, commercial package, workers’ compensation, general liability, and related coverages.