Donegal Group Inc. (DGICA) to Issue Quarterly Dividend of $0.15 on November 16th

Donegal Group Inc. (NASDAQ:DGICA) declared a quarterly dividend on Friday, October 16th, Wall Street Journal reports. Shareholders of record on Monday, November 2nd will be paid a dividend of 0.15 per share by the insurance provider on Monday, November 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, October 30th.

Donegal Group has increased its dividend by 5.5% over the last three years and has increased its dividend every year for the last 17 years.

Shares of Donegal Group stock opened at $14.77 on Friday. The company has a market capitalization of $429.97 million, a PE ratio of 9.23 and a beta of 0.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.46 and a current ratio of 0.46. The company has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.28. Donegal Group has a one year low of $11.22 and a one year high of $16.19.

Donegal Group (NASDAQ:DGICA) last announced its earnings results on Monday, July 27th. The insurance provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.35. The business had revenue of $192.41 million during the quarter, compared to the consensus estimate of $195.70 million. Donegal Group had a net margin of 5.84% and a return on equity of 10.35%. On average, equities analysts predict that Donegal Group will post 1.6 earnings per share for the current fiscal year.

DGICA has been the topic of several recent analyst reports. BidaskClub downgraded shares of Donegal Group from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Donegal Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, ValuEngine downgraded shares of Donegal Group from a “sell” rating to a “strong sell” rating in a report on Monday, October 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.50.

In other Donegal Group news, Director Jack Lee Hess bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average cost of $14.35 per share, for a total transaction of $28,700.00. Following the completion of the transaction, the director now directly owns 48,796 shares of the company’s stock, valued at approximately $700,222.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry C. Huber sold 2,197 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $14.70, for a total transaction of $32,295.90. Following the transaction, the director now owns 9,064 shares of the company’s stock, valued at $133,240.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 285,667 shares of company stock valued at $4,229,788 and have sold 161,121 shares valued at $2,387,638. Insiders own 9.30% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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.

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Dividend History for Donegal Group (NASDAQ:DGICA)

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