Donegal Group (NASDAQ:DGICA) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, March 6th.
DGICA has been the topic of a number of other research reports. Zacks Investment Research lowered Donegal Group from a “hold” rating to a “sell” rating in a report on Monday, February 26th. TheStreet lowered Donegal Group from a “b” rating to a “c+” rating in a report on Friday, February 23rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Donegal Group in a report on Monday, February 26th. Finally, Keefe, Bruyette & Woods set a $19.00 target price on Donegal Group and gave the company a “buy” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. Donegal Group presently has an average rating of “Hold” and a consensus target price of $19.33.
Shares of Donegal Group (NASDAQ DGICA) traded down $0.07 during mid-day trading on Tuesday, hitting $15.07. The company had a trading volume of 6,347 shares, compared to its average volume of 25,982. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.42 and a quick ratio of 0.42. Donegal Group has a 1-year low of $14.51 and a 1-year high of $18.25. The company has a market cap of $419.95, a P/E ratio of 58.23 and a beta of 0.45.
Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Friday, February 23rd. The insurance provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.35). Donegal Group had a net margin of 0.96% and a return on equity of 1.83%. The company had revenue of $188.55 million during the quarter, compared to the consensus estimate of $190.40 million. sell-side analysts predict that Donegal Group will post 1 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGICA. Millennium Management LLC grew its holdings in shares of Donegal Group by 169.4% during the 4th quarter. Millennium Management LLC now owns 125,698 shares of the insurance provider’s stock worth $2,175,000 after purchasing an additional 79,035 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Donegal Group by 20.0% in the 4th quarter. Renaissance Technologies LLC now owns 456,500 shares of the insurance provider’s stock valued at $7,897,000 after buying an additional 76,200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Donegal Group by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 462,037 shares of the insurance provider’s stock valued at $7,993,000 after buying an additional 46,650 shares in the last quarter. Deutsche Bank AG boosted its stake in Donegal Group by 93.0% in the 4th quarter. Deutsche Bank AG now owns 85,808 shares of the insurance provider’s stock valued at $1,481,000 after buying an additional 41,337 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in Donegal Group by 119.8% in the 4th quarter. Allianz Asset Management GmbH now owns 73,590 shares of the insurance provider’s stock valued at $1,273,000 after purchasing an additional 40,112 shares during the last quarter. 31.92% of the stock is currently owned by hedge funds and other institutional investors.
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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