Shares of Donegal Group Inc. (NASDAQ:DGICA) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.
Several research firms have issued reports on DGICA. BidaskClub upgraded Donegal Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Boenning Scattergood restated a “hold” rating on shares of Donegal Group in a research report on Tuesday, June 12th. Finally, Zacks Investment Research upgraded Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th.
Shares of NASDAQ:DGICA traded up $0.12 during trading on Friday, hitting $14.16. 15,900 shares of the company were exchanged, compared to its average volume of 26,463. The company has a market cap of $393.24 million, a P/E ratio of 47.30 and a beta of 0.47. Donegal Group has a 52-week low of $13.27 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.43 and a quick ratio of 0.43.
Donegal Group (NASDAQ:DGICA) last posted its earnings results on Monday, July 30th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.09. The firm had revenue of $194.27 million for the quarter, compared to the consensus estimate of $195.50 million. Donegal Group had a negative return on equity of 2.36% and a negative net margin of 1.92%. analysts expect that Donegal Group will post -0.15 earnings per share for the current fiscal year.
In other Donegal Group news, Director Patricia A. Gilmartin sold 8,229 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $14.65, for a total transaction of $120,554.85. Following the sale, the director now owns 500 shares in the company, valued at $7,325. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 13.13% of the company’s stock.
Several hedge funds have recently modified their holdings of DGICA. Schwab Charles Investment Management Inc. raised its position in shares of Donegal Group by 37.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 43,302 shares of the insurance provider’s stock worth $685,000 after buying an additional 11,856 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Donegal Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,028 shares of the insurance provider’s stock valued at $27,540,000 after acquiring an additional 39,671 shares during the last quarter. Arnhold LLC bought a new position in Donegal Group in the first quarter valued at $898,000. Allianz Asset Management GmbH increased its stake in Donegal Group by 104.8% in the first quarter. Allianz Asset Management GmbH now owns 150,687 shares of the insurance provider’s stock valued at $2,381,000 after acquiring an additional 77,097 shares during the last quarter. Finally, ZPR Investment Management bought a new position in Donegal Group in the first quarter valued at $178,000. Institutional investors own 30.87% of the company’s stock.
Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides 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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