Notable News to Watch: Donegal Group Inc. (NASDAQ: DGICA)

Donegal Group Inc. (NASDAQ: DGICA) stock observed trading -5.98% off 52-week high price. On the other end, the stock has been noted 16.83% away from low price over the last 52-weeks. The stock disclosed a move of -0.99% away from 50 day moving average and 4.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.39% off 20-day moving average. It has market cap of $412.23M and dividend yield of 4.00%.

Donegal Group Inc. (DGICA) and (DGICB) today reported that its board of directors declared a regular quarterly cash dividend of $.145 per share of the Company’s Class A common stock and $.1275 per share of the Company’s Class B common stock.  The dividends are payable on August 15, 2019 to stockholders of record as of the close of business on August 1, 2019.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 20 Mid-Atlantic, Midwestern, New England and Southern states.  Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. conduct business together as the Donegal Insurance Group.  The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

The Company’s Class A common stock and Class B common stock trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. Donegal Group Inc. is focused on several primary strategies, including improving its financial performance, utilizing technology to improve its operational efficiency, strategically modernizing its business in order to achieve operational excellence and enhancing its market position to compete effectively.

The USA based company Donegal Group Inc. moved with change of 0.28% to $14.51 with the total traded volume of 27714 shares in recent session versus to an average volume of 23.05K. The stock was observed in the 5 days activity at -1.69%. The one month performance of stock was -3.20%. DGICA’s shares are at 14.43% for the quarter and driving a 2.54% return over the course of the past year and is now at 6.34% since this point in 2018.  Right now the stock beta is 0.26. The average volatility for the week and month was at 1.15% and 2.04% respectively. There are 28.41M shares outstanding and 27.09M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *