Donegal Group (NASDAQ:DGICA) will release its earnings data before the market opens on Tuesday, April 17th.
Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Friday, February 23rd. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.35). Donegal Group had a return on equity of 1.82% and a net margin of 0.96%. The business had revenue of $188.55 million during the quarter, compared to the consensus estimate of $190.40 million. On average, analysts expect Donegal Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:DGICA opened at $15.29 on Monday. Donegal Group has a 1 year low of $14.51 and a 1 year high of $18.25. The firm has a market capitalization of $430.32, a PE ratio of 50.97 and a beta of 0.42. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.14.
An institutional investor recently raised its position in Donegal Group stock. The Manufacturers Life Insurance Company lifted its stake in Donegal Group, Inc. (NASDAQ:DGICA) by 78.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,817 shares of the insurance provider’s stock after purchasing an additional 5,203 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Donegal Group were worth $189,000 as of its most recent filing with the Securities & Exchange Commission. 31.06% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on DGICA. BidaskClub cut Donegal Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. TheStreet cut Donegal Group from a “b” rating to a “c+” rating in a research note on Friday, February 23rd. Zacks Investment Research cut Donegal Group from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Boenning Scattergood reaffirmed a “buy” rating on shares of Donegal Group in a research note on Monday, February 26th. Finally, Keefe, Bruyette & Woods set a $19.00 target price on Donegal Group and gave the company a “buy” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Donegal Group presently has a consensus rating of “Hold” and a consensus price target of $19.33.
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Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides 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, Commercial Lines of Insurance, and Investment in DFSC.
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