Donegal Group (DGICA) Set to Announce Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Donegal Group to post earnings of $0.20 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Thursday, February 22nd. The insurance provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.34). Donegal Group had a net margin of 0.48% and a return on equity of 0.40%. The business had revenue of $239.47 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the company earned $0.09 EPS. On average, analysts expect Donegal Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Donegal Group Stock Down 0.6 %

DGICA stock opened at $13.38 on Thursday. The company has a fifty day moving average price of $13.95 and a 200 day moving average price of $14.17. Donegal Group has a 12 month low of $13.10 and a 12 month high of $15.76. The company has a market cap of $446.76 million, a price-to-earnings ratio of 95.57 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.40 and a quick ratio of 0.40.

Hedge Funds Weigh In On Donegal Group

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Donegal Group by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,791,001 shares of the insurance provider’s stock valued at $27,366,000 after buying an additional 24,232 shares during the period. BlackRock Inc. increased its stake in Donegal Group by 3.2% in the 3rd quarter. BlackRock Inc. now owns 1,470,212 shares of the insurance provider’s stock valued at $19,832,000 after buying an additional 45,771 shares during the period. Vanguard Group Inc. increased its stake in Donegal Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 925,295 shares of the insurance provider’s stock valued at $13,190,000 after buying an additional 4,099 shares during the period. Renaissance Technologies LLC increased its stake in Donegal Group by 16.9% in the 1st quarter. Renaissance Technologies LLC now owns 558,611 shares of the insurance provider’s stock valued at $7,491,000 after buying an additional 80,800 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Donegal Group by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 320,100 shares of the insurance provider’s stock worth $4,619,000 after purchasing an additional 14,412 shares during the period. 27.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DGICA has been the subject of several research reports. StockNews.com downgraded shares of Donegal Group from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Janney Montgomery Scott initiated coverage on shares of Donegal Group in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.00 price target for the company.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.