Donegal Group, Inc. (NASDAQ:DGICB – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $23.69 and last traded at $23.69, with a volume of 17969 shares trading hands. The stock had previously closed at $18.22.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Donegal Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Donegal Group
Donegal Group Trading Up 30.0%
Donegal Group (NASDAQ:DGICB – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.15). The business had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $247.83 million. Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.
Donegal Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 1st. Donegal Group’s payout ratio is currently 41.42%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Donegal Group stock. Lewis Asset Management LLC acquired a new position in shares of Donegal Group, Inc. (NASDAQ:DGICB – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,469 shares of the insurance provider’s stock, valued at approximately $203,000. 1.19% of the stock is currently owned by institutional investors.
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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