Donegal Group (NASDAQ:DGICB) Sees Large Volume Increase – What’s Next?

Donegal Group, Inc. (NASDAQ:DGICBGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 41,503 shares were traded during mid-day trading, an increase of 761% from the previous session’s volume of 4,818 shares.The stock last traded at $22.60 and had previously closed at $22.90.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Donegal Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Get Our Latest Research Report on Donegal Group

Donegal Group Stock Performance

The stock has a market capitalization of $861.78 million, a PE ratio of 13.07 and a beta of 0.03. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $21.53 and a 200-day moving average of $18.78.

Donegal Group (NASDAQ:DGICBGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Donegal Group had a return on equity of 10.77% and a net margin of 7.38%.The company had revenue of $232.25 million for the quarter, compared to the consensus estimate of $231.53 million.

Donegal Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.0%. Donegal Group’s payout ratio is currently 39.33%.

Institutional Trading of Donegal Group

A hedge fund recently bought a new stake in Donegal Group stock. Lewis Asset Management LLC bought a new stake in Donegal Group, Inc. (NASDAQ:DGICBFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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.

About Donegal Group

(Get Free Report)

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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