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

Donegal Group (NASDAQ:DGICA) will likely be posting its results before the market opens on Thursday, February 19th. Analysts expect Donegal Group to post earnings of $0.52 per share and revenue of $241.10 million for the quarter.

Donegal Group Trading Up 1.3%

Shares of Donegal Group stock opened at $18.94 on Wednesday. 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 has a 52 week low of $15.05 and a 52 week high of $21.12. The stock has a 50 day moving average price of $19.46 and a two-hundred day moving average price of $19.11. The stock has a market capitalization of $693.96 million, a PE ratio of 7.83 and a beta of 0.04.

Donegal Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Tuesday, February 3rd were given a $0.1825 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $0.73 annualized dividend and a yield of 3.9%. Donegal Group’s dividend payout ratio (DPR) is presently 30.17%.

Analyst Ratings Changes

Several research firms have weighed in on DGICA. Zacks Research downgraded shares of Donegal Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Donegal Group from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donegal Group in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Insider Activity at Donegal Group

In related news, VP Kristi Spencer Altshuler sold 12,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $20.25, for a total transaction of $243,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Michael Sr Kraft, Sr. sold 4,500 shares of Donegal Group stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $20.02, for a total transaction of $90,090.00. Following the transaction, the director directly owned 13,436 shares in the company, valued at approximately $268,988.72. This represents a 25.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 165,747 shares of company stock valued at $3,189,430 and have sold 17,174 shares valued at $346,833. 3.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Donegal Group

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Donegal Group by 139.8% in the first quarter. AQR Capital Management LLC now owns 39,413 shares of the insurance provider’s stock valued at $774,000 after purchasing an additional 22,978 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Donegal Group in the 4th quarter valued at approximately $203,000. Virtus Advisers LLC purchased a new position in Donegal Group in the 3rd quarter valued at approximately $144,000. Mercer Global Advisors Inc. ADV bought a new stake in Donegal Group during the 3rd quarter valued at $195,000. Finally, Osaic Holdings Inc. lifted its position in shares of Donegal Group by 444.7% during the second quarter. Osaic Holdings Inc. now owns 7,195 shares of the insurance provider’s stock worth $144,000 after acquiring an additional 5,874 shares in the last quarter. Institutional investors own 27.96% of the company’s stock.

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.