Donegal Group (NASDAQ:DGICB) Sees Strong Trading Volume – Here’s What Happened

Donegal Group, Inc. (NASDAQ:DGICBGet Free Report) saw unusually-strong trading volume on Wednesday . 2,969 shares were traded during trading, a decline of 19% from the previous session’s volume of 3,648 shares.The stock last traded at $21.11 and had previously closed at $21.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Donegal Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Donegal Group currently has an average rating of “Hold”.

View Our Latest Stock Report on Donegal Group

Donegal Group Stock Down 10.7%

The firm has a market cap of $760.08 million, a PE ratio of 12.14 and a beta of 0.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The company’s 50-day simple moving average is $21.05 and its two-hundred day simple moving average is $18.52.

Donegal Group (NASDAQ:DGICBGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.15). The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $247.83 million. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%.

Donegal Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.70 annualized dividend and a dividend yield of 3.4%. Donegal Group’s dividend payout ratio (DPR) is presently 41.42%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Donegal Group stock. Raymond James Financial Inc. acquired a new position in Donegal Group, Inc. (NASDAQ:DGICBFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,231 shares of the insurance provider’s stock, valued at approximately $93,000. 1.19% of the stock is owned by hedge funds and other institutional investors.

Donegal Group Company Profile

(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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