Donegal Group, Inc. (DGICA) to Issue Quarterly Dividend of $0.18 on February 17th

Donegal Group, Inc. (NASDAQ:DGICA) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Tuesday, February 3rd will be paid a dividend of 0.1825 per share by the insurance provider on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Donegal Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Donegal Group has a dividend payout ratio of 36.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Donegal Group to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 52.1%.

Donegal Group Trading Down 2.0%

Shares of NASDAQ DGICA opened at $20.53 on Friday. The business has a 50 day simple moving average of $19.64 and a 200 day simple moving average of $18.97. Donegal Group has a 52 week low of $14.17 and a 52 week high of $21.12. The stock has a market cap of $752.22 million, a price-to-earnings ratio of 8.48 and a beta of 0.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.39 and a current ratio of 0.39.

Donegal Group (NASDAQ:DGICA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The firm had revenue of $245.92 million during the quarter, compared to analysts’ expectations of $244.19 million. Donegal Group had a net margin of 8.72% and a return on equity of 14.28%. On average, research analysts predict that Donegal Group will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donegal Group in a research note on Wednesday, October 8th. Janney Montgomery Scott upgraded Donegal Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 2nd. Finally, Zacks Research upgraded Donegal Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $18.00.

Donegal Group Company Profile

Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.