Analysts Point To Donegal Group Inc. (NASDAQ: DGICA) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Volume reached 478 shares, with price reaching a high of $14.36 and a low of $14.36. Recently, Yahoo Finance discussed the stock, revealing that Donegal Group Inc. Announces Second Quarter and First Half 2022 Results.

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Stocks Info

As a NASDAQ listed company, DGICA falls under the Financial sector while operating within the Insurance – Property & Casualty industry segment. At the end of the last regular session, the stock closed at $14.36 and fluctuated between $14.47 as its day high and $14.30 as its day low. The current market capitalization of Donegal Group Inc. is $519.11M. A total of 0.16 million shares were traded on the day, compared to an average of 119.14K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DGICA has seen 65 BUY and 21 SELL insider trades, representing the acquisition of 566,009 and the disposition of 148,825 shares. Over the last 12 months, there were 119 BUYs and 21 SELLs from insiders. Insiders purchased 646,879 shares during that period but sold 148,825.

In the most recent transaction, DONEGAL MUTUAL INSURANCE CO bought 30,973 shares of DGICA for 14.44 per share on Aug 03. After the transaction, the 10% Owner now owns 10,965,822 company shares. In a previous transaction on Aug 02, DONEGAL MUTUAL INSURANCE CO bought 25,080 shares at 14.54 per share. DGICA shares that 10% Owner owns now total 10,934,849.

Among the insiders who bought shares, DONEGAL MUTUAL INSURANCE CO acquired of 20,295 shares on Jun 14 at a per-share price of $16.11. This resulted in the 10% Owner holding 10,909,769 shares of DGICA after the transaction. In another insider transaction, KRAFT KEVIN MICHAEL SR sold 8,500 shares at $16.10 per share on Jun 14. Company shares held by the Director now total 11,936.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Donegal Group Inc. pays an annual dividend of $0.66, resulting in a dividend yield of 4.60%, and it has a price to earnings (P/E) ratio of 127.08. DGICA’s most recent ex-dividend date was 07/29/2022 when it declared a $0.165 quarterly dividend that was paid in cash on 08/15/2022. Previously, the company paid the dividend on 05/16/2022 with an ex-dividend date of 04/29/2022. The dividend was $0.165 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DGICA in the last 3 months, the mean price target is $16.00 with high estimates of $16.00 and low estimates of $16.00. In terms of 52-week highs and lows, DGICA has a high of $17.13 and a low of $13.09.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DGICA is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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