Donegal Group (DGICA) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Donegal Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" DGICA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DGICA, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 12-month price objectives for Donegal Group's stock. Their DGICA share price targets range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Donegal Group's stock was trading at $13.99 at the beginning of 2024. Since then, DGICA stock has decreased by 2.5% and is now trading at $13.64.
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Donegal Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 253,600 shares, an increase of 33.9% from the March 15th total of 189,400 shares. Based on an average trading volume of 59,800 shares, the short-interest ratio is currently 4.2 days. Currently, 1.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Donegal Group will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Donegal Group Inc. (NASDAQ:DGICA) released its quarterly earnings data on Thursday, February, 22nd. The insurance provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.23 by $0.34. The insurance provider had revenue of $239.47 million for the quarter, compared to analysts' expectations of $234.10 million. Donegal Group had a net margin of 0.48% and a trailing twelve-month return on equity of 0.40%. During the same period last year, the business earned $0.09 earnings per share.

Donegal Group announced a quarterly dividend on Thursday, December 21st. Investors of record on Thursday, February 1st will be given a dividend of $0.17 per share on Thursday, February 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Wednesday, January 31st.
Read our dividend analysis for DGICA.

Donegal Group (NASDAQ:DGICA) pays an annual dividend of $0.68 per share and currently has a dividend yield of 5.05%. DGICA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 485.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DGICA will have a dividend payout ratio of 85.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DGICA.

4 employees have rated Donegal Group Chief Executive Officer Kevin G. Burke on Glassdoor.com. Kevin G. Burke has an approval rating of 78% among the company's employees.

Donegal Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.08%) and Los Angeles Capital Management LLC (0.06%). Insiders that own company stock include Barry C Huber, Christina Marie Hoffman, Daniel J Wagner, Francis Joseph Haefner Jr, Jack Lee Hess, Jeffrey Dean Miller, Jon Marshall Mahan, Kevin Gerard Burke, Kevin Michael Sr Kraft Sr, Kristi Spencer Altshuler, Mutual Insurance Co Donegal, Richard D Wampler II, Robert Richard Long Jr, Scott Andrew Berlucchi, Sewell Trezevant Moore Jr, Vincent Anthony Viozzi, William Albert Folmar and William Daniel Delamater.
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Shares of DGICA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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