Donegal Group (NASDAQ:DGICA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, March 6th.
A number of other research firms also recently weighed in on DGICA. Zacks Investment Research downgraded Donegal Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. TheStreet downgraded Donegal Group from a “b” rating to a “c+” rating in a report on Friday, February 23rd. Boenning Scattergood reiterated a “buy” rating on shares of Donegal Group in a report on Monday, February 26th. Finally, Keefe, Bruyette & Woods set a $19.00 price objective on Donegal Group and gave the company a “buy” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. Donegal Group currently has a consensus rating of “Hold” and a consensus price target of $19.33.
DGICA stock traded down $0.01 during mid-day trading on Tuesday, hitting $14.91. The stock had a trading volume of 53,070 shares, compared to its average volume of 27,527. The company has a market capitalization of $420.73, a P/E ratio of 49.73 and a beta of 0.45. Donegal Group has a 12 month low of $14.51 and a 12 month high of $18.25. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.14.
Donegal Group (NASDAQ:DGICA) last released its earnings results on Friday, February 23rd. The insurance provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.35). The firm had revenue of $188.55 million for the quarter, compared to the consensus estimate of $190.40 million. Donegal Group had a return on equity of 1.82% and a net margin of 0.96%. analysts predict that Donegal Group will post 1 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in Donegal Group by 169.4% in the fourth quarter. Millennium Management LLC now owns 125,698 shares of the insurance provider’s stock valued at $2,175,000 after acquiring an additional 79,035 shares during the period. Renaissance Technologies LLC grew its stake in Donegal Group by 20.0% in the fourth quarter. Renaissance Technologies LLC now owns 456,500 shares of the insurance provider’s stock valued at $7,897,000 after acquiring an additional 76,200 shares during the period. Wells Fargo & Company MN grew its stake in Donegal Group by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 462,037 shares of the insurance provider’s stock valued at $7,993,000 after acquiring an additional 46,650 shares during the period. Deutsche Bank AG grew its stake in Donegal Group by 93.0% in the fourth quarter. Deutsche Bank AG now owns 85,808 shares of the insurance provider’s stock valued at $1,481,000 after acquiring an additional 41,337 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in Donegal Group by 119.8% in the fourth quarter. Allianz Asset Management GmbH now owns 73,590 shares of the insurance provider’s stock valued at $1,273,000 after acquiring an additional 40,112 shares during the period. Institutional investors and hedge funds own 31.92% of the company’s stock.
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Donegal Group Company Profile
Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016.
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