Somewhat Negative Media Coverage Somewhat Unlikely to Affect Donegal Group (DGICA) Share Price

Media coverage about Donegal Group (NASDAQ:DGICA) has trended somewhat negative this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Donegal Group earned a news impact score of -0.03 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 47.0230546741665 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research analysts recently commented on DGICA shares. BidaskClub downgraded shares of Donegal Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods raised shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a research note on Wednesday, November 1st. Boenning Scattergood raised shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 31st. Finally, TheStreet raised shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.67.

Shares of Donegal Group (DGICA) traded up $0.18 during trading on Friday, reaching $17.88. 19,600 shares of the company’s stock were exchanged, compared to its average volume of 31,200. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. The stock has a market cap of $464.31, a P/E ratio of 32.51 and a beta of 0.30. Donegal Group has a fifty-two week low of $14.51 and a fifty-two week high of $18.25.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $185.72 million for the quarter, compared to the consensus estimate of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. sell-side analysts expect that Donegal Group will post 0.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, January 31st. Donegal Group’s payout ratio is currently 101.82%.

In other news, Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $17.17, for a total transaction of $91,567.61. Following the sale, the director now owns 13,562 shares in the company, valued at approximately $232,859.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack Lee Hess bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. Following the acquisition, the director now owns 4,489 shares in the company, valued at approximately $75,325.42. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 4,000 shares of company stock worth $68,040. Insiders own 11.90% of the company’s stock.

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About Donegal Group

Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.

Insider Buying and Selling by Quarter for Donegal Group (NASDAQ:DGICA)

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