Donegal Group Inc. (NASDAQ:DGICA – Get Free Report) declared a quarterly dividend on Thursday, December twenty first, Zacks studies. Stockholders of file on Thursday, February 1st will probably be paid a dividend of 0.17 per share by the insurance coverage supplier on Thursday, February fifteenth. This represents a $0.68 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, January thirty first.
Donegal Group has raised its dividend fee by a median of 4.3% yearly over the past three years and has elevated its dividend yearly for the final 10 consecutive years. Donegal Group has a dividend payout ratio of 63.6% that means its dividend is sufficiently coated by earnings.
Donegal Group Inventory Efficiency
Shares of DGICA opened at $14.13 on Friday. The inventory has a 50-day easy shifting common of $14.30 and a 200-day easy shifting common of $14.55. The corporate has a debt-to-equity ratio of 0.07, a fast ratio of 0.40 and a present ratio of 0.40. The inventory has a market capitalization of $469.82 million, a PE ratio of 45.58 and a beta of -0.02. Donegal Group has a 1 yr low of $13.82 and a 1 yr excessive of $15.76.
Donegal Group (NASDAQ:DGICA – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, October twenty sixth. The insurance coverage supplier reported $0.01 earnings per share (EPS) for the quarter. The enterprise had income of $235.17 million in the course of the quarter. Donegal Group had a return on fairness of 1.79% and a internet margin of 1.08%.
Insider Shopping for and Promoting
In different Donegal Group information, VP Robert Richard Lengthy, Jr. offered 13,545 shares of Donegal Group inventory in a transaction that occurred on Tuesday, October thirty first. The inventory was offered at a median worth of $14.24, for a complete transaction of $192,880.80. Following the transaction, the vp now owns 430 shares of the corporate’s inventory, valued at $6,123.20. The transaction was disclosed in a submitting with the SEC, which is offered at this hyperlink. 6.63% of the inventory is owned by firm insiders.
Institutional Inflows and Outflows
Plenty of institutional buyers have not too long ago modified their holdings of the inventory. Dimensional Fund Advisors LP grew its holdings in Donegal Group by 1.4% in the course of the first quarter. Dimensional Fund Advisors LP now owns 1,791,001 shares of the insurance coverage supplier’s inventory value $27,366,000 after buying an extra 24,232 shares in the course of the interval. BlackRock Inc. boosted its place in Donegal Group by 3.2% in the course of the third quarter. BlackRock Inc. now owns 1,470,212 shares of the insurance coverage supplier’s inventory value $19,832,000 after buying an extra 45,771 shares within the final quarter. Vanguard Group Inc. boosted its place in Donegal Group by 0.4% in the course of the third quarter. Vanguard Group Inc. now owns 925,295 shares of the insurance coverage supplier’s inventory value $13,190,000 after buying an extra 4,099 shares within the final quarter. Renaissance Applied sciences LLC boosted its place in Donegal Group by 16.9% in the course of the first quarter. Renaissance Applied sciences LLC now owns 558,611 shares of the insurance coverage supplier’s inventory value $7,491,000 after buying an extra 80,800 shares within the final quarter. Lastly, Geode Capital Administration LLC boosted its place in Donegal Group by 4.7% in the course of the second quarter. Geode Capital Administration LLC now owns 320,100 shares of the insurance coverage supplier’s inventory value $4,619,000 after buying an extra 14,412 shares within the final quarter. Institutional buyers and hedge funds personal 27.94% of the corporate’s inventory.
Analyst Rankings Adjustments
A number of equities analysis analysts not too long ago weighed in on DGICA shares. Janney Montgomery Scott began protection on Donegal Group in a analysis be aware on Wednesday. They set a “impartial” score and a $15.00 goal worth for the corporate. StockNews.com upgraded Donegal Group from a “maintain” score to a “purchase” score in a analysis be aware on Monday, November twenty seventh.
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Donegal Group Firm Profile
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Donegal Group Inc, an insurance coverage holding firm, offers private and business traces of property and casualty insurance coverage to companies and people. It operates by way of three segments: Funding Perform, Private Strains of Insurance coverage, and Industrial Strains of Insurance coverage. The corporate provides non-public passenger car insurance policies that present safety towards legal responsibility for bodily damage and property injury arising from car accidents, in addition to safety towards loss from injury to cars; and householders insurance policies, which offer protection for injury to residences and their contents from a spread of perils, together with hearth, lightning, windstorm, and theft, in addition to legal responsibility of the insured arising from damage to different individuals or their property.
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