Donegal Group Inc. (NASDAQ:DGICB) Short Interest Update

Donegal Group Inc. (NASDAQ:DGICB) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 600 shares, a decline of 33.3% from the September 15th total of 900 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are short sold.

Shares of NASDAQ DGICB traded down $0.35 during midday trading on Friday, reaching $12.40. The company’s stock had a trading volume of 6 shares, compared to its average volume of 870. The company has a market cap of $360.98 million, a price-to-earnings ratio of 8.55 and a beta of -0.03. The company has a 50 day moving average price of $12.27 and a 200 day moving average price of $12.23. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.18. Donegal Group has a one year low of $10.51 and a one year high of $14.61.

Donegal Group (NASDAQ:DGICB) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.42. The business had revenue of $192.41 million for the quarter. Donegal Group had a net margin of 5.84% and a return on equity of 10.35%.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.1325 per share. This is an increase from Donegal Group’s previous quarterly dividend of $0.13. This represents a $0.53 annualized dividend and a yield of 4.27%. The ex-dividend date is Friday, October 30th.

A hedge fund recently raised its stake in Donegal Group stock. Janney Montgomery Scott LLC boosted its stake in shares of Donegal Group Inc. (NASDAQ:DGICB) by 71.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,950 shares of the insurance provider’s stock after buying an additional 10,377 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Donegal Group worth $285,000 as of its most recent filing with the SEC. 1.62% of the stock is currently owned by institutional investors.

About Donegal Group

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.

See Also: Earnings Per Share

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