Donegal Group (NASDAQ:DGICB) Trading 4.7% Higher – What’s Next?

Donegal Group, Inc. (NASDAQ:DGICBGet Free Report)’s share price was up 4.7% during mid-day trading on Wednesday . The company traded as high as $18.47 and last traded at $19.4450. 226 shares changed hands during trading, a decline of 95% from the average daily volume of 4,731 shares. The stock had previously closed at $18.58.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on DGICB

Donegal Group Price Performance

The firm has a 50 day moving average price of $23.22 and a 200 day moving average price of $20.55. 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 market cap of $765.41 million, a P/E ratio of 11.58 and a beta of 0.04.

Donegal Group (NASDAQ:DGICBGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.The company had revenue of $232.25 million during the quarter, compared to the consensus estimate of $231.53 million.

Donegal Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.4%. Donegal Group’s dividend payout ratio is 39.33%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Donegal Group stock. Lewis Asset Management LLC bought a new position in Donegal Group, Inc. (NASDAQ:DGICBFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 is an insurance holding company that provides property and casualty insurance through a network of regional insurance subsidiaries. The company distributes its products primarily through independent insurance agents and serves individuals, families, farms, and businesses.

Its offerings include personal automobile, homeowners, dwelling fire, farmowners, and other personal insurance products, as well as commercial automobile, commercial property, businessowners, workers’ compensation, and other commercial coverage.

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