Donegal Group (NASDAQ:DGICA)‘s stock had its “buy” rating reiterated by Boenning Scattergood in a research note issued to investors on Monday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Donegal Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. BidaskClub lowered shares of Donegal Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Donegal Group currently has a consensus rating of “Hold” and an average target price of $19.33.
Shares of Donegal Group (NASDAQ:DGICA) traded down $0.50 during mid-day trading on Monday, reaching $15.70. 25,200 shares of the company’s stock were exchanged, compared to its average volume of 24,918. Donegal Group has a 52-week low of $14.51 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $430.65, a price-to-earnings ratio of 60.39 and a beta of 0.36.
Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in shares of Donegal Group during the 4th quarter valued at about $146,000. The Manufacturers Life Insurance Company grew its position in shares of Donegal Group by 78.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock valued at $189,000 after buying an additional 5,203 shares during the last quarter. Bailard Inc. bought a new stake in shares of Donegal Group during the 4th quarter valued at about $334,000. Alliancebernstein L.P. grew its position in shares of Donegal Group by 8.3% during the 2nd quarter. Alliancebernstein L.P. now owns 19,654 shares of the insurance provider’s stock valued at $312,000 after buying an additional 1,500 shares during the last quarter. Finally, AXA bought a new stake in shares of Donegal Group during the 4th quarter valued at about $405,000. 31.12% of the stock is owned by institutional investors and hedge funds.
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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