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

Donegal Group (NASDAQ:DGICA) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $250.61 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Donegal Group Price Performance

Shares of DGICA opened at $15.21 on Tuesday. Donegal Group has a 1-year low of $12.26 and a 1-year high of $17.00. The stock has a market cap of $515.62 million, a PE ratio of 20.01 and a beta of -0.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a fifty day moving average price of $15.17 and a 200 day moving average price of $15.15.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be paid a $0.1725 dividend. The ex-dividend date is Tuesday, February 4th. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. This represents a $0.69 dividend on an annualized basis and a yield of 4.54%. Donegal Group’s payout ratio is currently 90.79%.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, EVP William Daniel Delamater sold 9,616 shares of the company’s 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 transaction, the executive vice president now directly owns 1,379 shares in the company, valued at approximately $23,125.83. This represents a 87.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sanjay Pandey sold 3,766 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 $113,371.50. The trade was a 35.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 399,722 shares of company stock worth $6,643,696 and have sold 289,064 shares worth $4,799,023. 6.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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.

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.