Donegal Group (NASDAQ:DGICA) posted its earnings results on Friday. The insurance provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.35), Bloomberg Earnings reports. The business had revenue of $188.55 million during the quarter, compared to the consensus estimate of $190.40 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%.
Shares of Donegal Group (NASDAQ DGICA) traded down $0.50 during trading on Friday, reaching $15.70. 25,226 shares of the company’s stock traded hands, compared to its average volume of 21,992. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $444.37, a PE ratio of 27.54 and a beta of 0.36. Donegal Group has a 1 year low of $14.51 and a 1 year high of $18.25.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.56 annualized dividend and a yield of 3.57%. Donegal Group’s dividend payout ratio is 98.25%.
A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in Donegal Group by 0.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,211 shares of the insurance provider’s stock worth $640,000 after buying an additional 323 shares during the last quarter. State Street Corp grew its stake in shares of Donegal Group by 0.7% during the second quarter. State Street Corp now owns 203,048 shares of the insurance provider’s stock valued at $3,230,000 after purchasing an additional 1,473 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Donegal Group by 8.3% during the second quarter. Alliancebernstein L.P. now owns 19,654 shares of the insurance provider’s stock valued at $312,000 after purchasing an additional 1,500 shares during the last quarter. TCW Group Inc. grew its stake in shares of Donegal Group by 2.2% during the third quarter. TCW Group Inc. now owns 172,600 shares of the insurance provider’s stock valued at $2,784,000 after purchasing an additional 3,703 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Donegal Group by 78.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 5,203 shares during the last quarter. 31.12% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This article was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/02/24/donegal-group-dgica-issues-earnings-results-misses-expectations-by-0-35-eps.html.
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.
Receive News & Ratings for Donegal Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donegal Group and related companies with MarketBeat.com's FREE daily email newsletter.