Donegal Group, Inc. (DGICB) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Donegal Group, Inc. (NASDAQ:DGICB) released its earnings results on Wednesday. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. The firm had revenue of $182.48 million during the quarter. Donegal Group had a net margin of 1.84% and a return on equity of 2.24%.

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Shares of Donegal Group (NASDAQ:DGICB) opened at 14.55 on Friday. Donegal Group has a 1-year low of $14.30 and a 1-year high of $22.88. The firm has a 50-day moving average of $14.51 and a 200 day moving average of $15.70. The company has a market capitalization of $397.07 million, a P/E ratio of 16.67 and a beta of 0.87.

Separately, TheStreet lowered shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Monday, June 26th.

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About Donegal Group

Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.