Donegal Group, Inc. (NASDAQ:DGICB – Get Free Report) shares dropped 15.4% during trading on Friday . The company traded as low as $19.15 and last traded at $16.1760. Approximately 201 shares were traded during trading, a decline of 94% from the average daily volume of 3,396 shares. The stock had previously closed at $19.13.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Donegal Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on DGICB
Donegal Group Stock Performance
Donegal Group (NASDAQ:DGICB – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.15). Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $247.83 million.
Donegal Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.3%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 1st. Donegal Group’s payout ratio is presently 41.42%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Donegal Group stock. Raymond James Financial Inc. acquired a new stake in shares of Donegal Group, Inc. (NASDAQ:DGICB – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. Institutional investors own 1.19% 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, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.
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