After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Donegal Group Inc. Announces Fourth Quarter and Full Year 2023 Results.
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Stocks Info
The company is listed on the NASDAQ and operates within the Insurance – Property & Casualty industry segment. At the end of the last regular session, the stock closed at $14.20 and fluctuated between $14.22 as its day high and $13.10 as its day low. The current market capitalization of Donegal Group Inc. is $466.33M. A total of 0.53 million shares were traded on the day, compared to an average of 52.91K shares.
In the most recent transaction, DONEGAL MUTUAL INSURANCE CO bought 13,545 shares of DGICA for 14.24 per share on Oct 31 ’23. After the transaction, the 10% Owner now owns 12,095,090 company shares. In a previous transaction on Oct 31 ’23, LONG ROBERT RICHARD JR sold 13,545 shares at 14.24 per share. DGICA shares that Sr.VP, General Counsel owns now total 430.
Among the insiders who bought shares, DONEGAL MUTUAL INSURANCE CO acquired of 5,374 shares on Sep 06 ’23 at a per-share price of $14.55. This resulted in the 10% Owner holding 12,081,545 shares of DGICA after the transaction. In another insider transaction, DONEGAL MUTUAL INSURANCE CO bought 4,689 shares at $14.65 per share on Sep 05 ’23. Company shares held by the 10% Owner now total 12,076,171.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Donegal Group Inc. pays an annual dividend of $0.68, resulting in a dividend yield of 4.79%, and it has a price to earnings (P/E) ratio of 103.50. DGICA’s most recent ex-dividend date was 1/31/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/31/2023. The DGICA stock dividend was $0.17 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, DGICA has a high of $15.76 and a low of $13.12.
As of this writing, DGICA has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.2. The company reported an EPS of $0.01 in the last quarter, which was -87.50% lower than expectations of $0.08.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DGICA’s latest balance sheet shows that the firm has $603.03M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $14.61, while its Total Shareholder’s Equity was $531.04M.
Analysts Opinion
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. Currently, 0 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.
