Donegal Group, Inc. (NASDAQ:DGICB) released its quarterly earnings results on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. Donegal Group had a net margin of 1.84% and a return on equity of 2.24%. The firm had revenue of $182.48 million for the quarter.
Donegal Group (NASDAQ:DGICB) remained flat at $14.05 during midday trading on Monday. 146 shares of the stock were exchanged. The stock has a 50 day moving average price of $14.45 and a 200-day moving average price of $15.59. Donegal Group has a 12 month low of $14.05 and a 12 month high of $22.88. The company has a market capitalization of $383.30 million, a P/E ratio of 29.77 and a beta of 0.87.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.1225 per share. This represents a $0.49 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, July 28th. Donegal Group’s dividend payout ratio (DPR) is 102.08%.
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Separately, TheStreet cut shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Monday, June 26th.
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.
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