Shares of Donegal Group Inc. (NASDAQ:DGICA) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. Donegal Group’s rating score has improved by 50% in the last three months as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price target of $19.00 for the company and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Donegal Group an industry rank of 192 out of 265 based on the ratings given to related companies.
A number of research firms have recently weighed in on DGICA. Keefe, Bruyette & Woods set a $18.00 price target on shares of Donegal Group and gave the company a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a report on Wednesday, November 1st. Boenning Scattergood upgraded shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 31st. Finally, TheStreet upgraded shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th.
Donegal Group (DGICA) traded down $0.27 during trading on Friday, hitting $17.47. 22,192 shares of the stock were exchanged, compared to its average volume of 31,183. The company has a market cap of $485.51, a P/E ratio of 38.48 and a beta of 0.30. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.16. Donegal Group has a fifty-two week low of $14.51 and a fifty-two week high of $18.55.
Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $185.72 million for the quarter, compared to the consensus estimate of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. equities research analysts anticipate that Donegal Group will post 0.65 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.21%. Donegal Group’s payout ratio is presently 98.25%.
In other Donegal Group news, Director Patricia A. Gilmartin sold 5,333 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $17.17, for a total value of $91,567.61. Following the sale, the director now directly owns 13,562 shares in the company, valued at approximately $232,859.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Lee Hess purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was bought at an average price of $16.78 per share, for a total transaction of $33,560.00. Following the completion of the transaction, the director now directly owns 4,489 shares in the company, valued at $75,325.42. The disclosure for this purchase can be found here. Insiders purchased a total of 4,000 shares of company stock worth $68,040 over the last quarter. 11.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Donegal Group by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,659,577 shares of the insurance provider’s stock worth $26,769,000 after purchasing an additional 21,983 shares during the last quarter. Kennedy Capital Management Inc. grew its position in Donegal Group by 31.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 579,157 shares of the insurance provider’s stock worth $9,209,000 after purchasing an additional 139,027 shares during the last quarter. OLD Republic International Corp grew its position in Donegal Group by 103.9% in the 3rd quarter. OLD Republic International Corp now owns 477,100 shares of the insurance provider’s stock worth $7,696,000 after purchasing an additional 243,100 shares during the last quarter. Wells Fargo & Company MN grew its position in Donegal Group by 3.0% in the 3rd quarter. Wells Fargo & Company MN now owns 415,387 shares of the insurance provider’s stock worth $6,699,000 after purchasing an additional 11,968 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Donegal Group by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 412,320 shares of the insurance provider’s stock worth $7,265,000 after purchasing an additional 16,736 shares during the last quarter. Institutional investors own 29.27% of the company’s stock.
About Donegal Group
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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