Donegal Group (NASDAQ:DGICB) Announces Quarterly Earnings Results
Donegal Group (NASDAQ:DGICB) issued its quarterly earnings results on Monday. The insurance provider reported $0.11 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $197.22 million for the quarter. Donegal Group had a net margin of 1.06% and a negative return on equity of 0.58%.
Shares of NASDAQ DGICB traded down $0.67 during midday trading on Tuesday, reaching $13.00. 216 shares of the stock were exchanged, compared to its average volume of 461. Donegal Group has a twelve month low of $11.52 and a twelve month high of $14.94. The firm has a 50-day moving average price of $14.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.45 and a quick ratio of 0.45.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.127 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.91%.
Separately, TheStreet cut shares of Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st.
Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.
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