Donegal Group Inc. (NASDAQ:DGICA) has received an average rating of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.00.
DGICA has been the subject of several recent research reports. ValuEngine raised Donegal Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a research report on Wednesday, October 31st. BidaskClub raised Donegal Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Finally, Zacks Investment Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th.
In other news, Director Patricia A. Gilmartin sold 8,229 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $14.65, for a total transaction of $120,554.85. Following the sale, the director now owns 500 shares in the company, valued at $7,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Lee Hess acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average price of $13.71 per share, for a total transaction of $41,130.00. Following the acquisition, the director now directly owns 11,963 shares of the company’s stock, valued at $164,012.73. The disclosure for this purchase can be found here. 13.13% of the stock is owned by company insiders.
Donegal Group stock opened at $13.82 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.15. The firm has a market cap of $388.43 million, a price-to-earnings ratio of 46.07 and a beta of 0.39. Donegal Group has a fifty-two week low of $13.02 and a fifty-two week high of $18.25.
Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Tuesday, October 30th. The insurance provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.14). The company had revenue of $196.44 million for the quarter, compared to analysts’ expectations of $195.80 million. Donegal Group had a negative return on equity of 4.16% and a negative net margin of 2.65%. On average, research analysts anticipate that Donegal Group will post -0.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, October 31st. Donegal Group’s dividend payout ratio (DPR) is 190.00%.
About Donegal Group
Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.
Further Reading: What is a Call Option?
Receive News & Ratings for Donegal Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donegal Group and related companies with MarketBeat.com's FREE daily email newsletter.