DOWLING & PARTN Estimates Donegal Group FY2028 Earnings

Donegal Group, Inc. (NASDAQ:DGICA) – Analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for Donegal Group in a research report issued to clients and investors on Tuesday, September 29th. DOWLING & PARTN analyst J. Collins expects that the insurance provider will earn $2.00 per share for the year. The consensus estimate for Donegal Group’s current full-year earnings is $1.75 per share.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The firm had revenue of $241.12 million for the quarter, compared to the consensus estimate of $231.53 million. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.

A number of other analysts have also issued reports on DGICA. Weiss Ratings raised shares of Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. Zacks Research downgraded shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Donegal Group Stock Performance

DGICA stock opened at $18.27 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $18.08. Donegal Group has a twelve month low of $16.11 and a twelve month high of $21.06. The firm has a market cap of $678.16 million, a price-to-earnings ratio of 9.47 and a beta of -0.02.

Donegal Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, July 31st. Donegal Group’s dividend payout ratio is currently 39.90%.

Insiders Place Their Bets

In other news, major shareholder Mutual Insurance Co Donegal purchased 54,725 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $19.23 per share, with a total value of $1,052,361.75. Following the transaction, the insider owned 14,387,128 shares of the company’s stock, valued at $276,664,471.44. This represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry Huber sold 4,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $19.43, for a total value of $87,435.00. Following the transaction, the director owned 16,567 shares in the company, valued at approximately $321,896.81. This represents a 21.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 220,437 shares of company stock worth $4,218,669 and sold 111,108 shares worth $2,153,119. 2.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Donegal Group by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after purchasing an additional 7,345 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Donegal Group by 5.8% in the 1st quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider’s stock worth $6,747,000 after purchasing an additional 21,500 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Donegal Group by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 80,614 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Donegal Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 166,616 shares of the insurance provider’s stock valued at $2,862,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Donegal Group by 3.1% during the first quarter. Bank of America Corp DE now owns 73,820 shares of the insurance provider’s stock valued at $1,268,000 after purchasing an additional 2,243 shares in the last quarter. 27.96% of the stock is currently owned by institutional investors.

About Donegal Group

Donegal Group Inc is an insurance holding company that provides property and casualty insurance products to individuals and businesses in the United States. The company operates primarily through its insurance subsidiaries and markets its policies through a network of independent insurance agents.

Its personal insurance offerings include automobile, homeowners, renters, and other residential coverage. Donegal Group also provides commercial products such as commercial automobile, workers’ compensation, businessowners, commercial package, and other property and liability insurance policies.