Donegal Group (NASDAQ:DGICA) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Donegal Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine downgraded Donegal Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Donegal Group in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.00.
Get Donegal Group alerts:NASDAQ:DGICA opened at $13.37 on Wednesday. The firm has a market cap of $379.51 million, a price-to-earnings ratio of -13.37 and a beta of 0.36. Donegal Group has a 1 year low of $12.74 and a 1 year high of $16.44. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.16.
Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.30) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.30). Donegal Group had a negative return on equity of 6.55% and a negative net margin of 4.24%. The company had revenue of $195.01 million for the quarter, compared to the consensus estimate of $197.60 million. On average, analysts predict that Donegal Group will post 0.55 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Donegal Group by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,905 shares of the insurance provider’s stock valued at $24,478,000 after acquiring an additional 8,491 shares during the last quarter. BlackRock Inc. increased its stake in Donegal Group by 1.9% in the fourth quarter. BlackRock Inc. now owns 845,479 shares of the insurance provider’s stock valued at $11,536,000 after acquiring an additional 16,039 shares during the last quarter. Vanguard Group Inc. increased its stake in Donegal Group by 12.9% in the third quarter. Vanguard Group Inc. now owns 541,181 shares of the insurance provider’s stock valued at $7,646,000 after acquiring an additional 61,847 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Donegal Group by 21.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 482,199 shares of the insurance provider’s stock valued at $6,580,000 after acquiring an additional 86,324 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Donegal Group by 8.6% in the third quarter. Wells Fargo & Company MN now owns 343,983 shares of the insurance provider’s stock valued at $4,889,000 after acquiring an additional 27,122 shares during the last quarter. Institutional investors own 30.50% 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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