Donegal Group (NASDAQ:DGICA - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a report released on Friday,Weiss Ratings reports.
DGICA has been the subject of several other reports. Wall Street Zen downgraded Donegal Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Janney Montgomery Scott raised Donegal Group from a "neutral" rating to a "buy" rating in a report on Tuesday, September 2nd. Finally, Zacks Research raised Donegal Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Donegal Group currently has a consensus rating of "Buy" and a consensus price target of $18.00.
Check Out Our Latest Research Report on Donegal Group
Donegal Group Stock Performance
DGICA opened at $19.11 on Friday. The business has a fifty day simple moving average of $18.86 and a 200 day simple moving average of $18.87. The company has a market capitalization of $697.71 million and a PE ratio of 8.03. Donegal Group has a 1 year low of $14.17 and a 1 year high of $21.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.40 and a quick ratio of 0.40.
Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $233.81 million during the quarter, compared to the consensus estimate of $247.21 million. Donegal Group had a return on equity of 14.33% and a net margin of 8.33%. Research analysts expect that Donegal Group will post 1.2 EPS for the current year.
Insider Activity at Donegal Group
In other Donegal Group news, major shareholder Mutual Insurance Co Donegal purchased 20,000 shares of the stock in a transaction dated Friday, August 29th. The stock was bought at an average price of $17.84 per share, with a total value of $356,800.00. Following the acquisition, the insider owned 13,500,977 shares of the company's stock, valued at approximately $240,857,429.68. This represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders acquired 212,958 shares of company stock worth $3,965,746. 6.63% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Donegal Group
A number of institutional investors have recently modified their holdings of DGICA. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Donegal Group by 24.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,875 shares of the insurance provider's stock worth $272,000 after buying an additional 2,695 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Donegal Group by 2.6% during the 1st quarter. Teacher Retirement System of Texas now owns 107,113 shares of the insurance provider's stock worth $2,103,000 after buying an additional 2,721 shares in the last quarter. CWM LLC raised its holdings in shares of Donegal Group by 78.0% during the 1st quarter. CWM LLC now owns 5,163 shares of the insurance provider's stock worth $101,000 after buying an additional 2,263 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Donegal Group during the 1st quarter worth $489,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Donegal Group during the 1st quarter worth $714,000. Institutional investors and hedge funds own 27.96% of the company's stock.
About Donegal Group
(
Get Free Report)
Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Donegal Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Donegal Group wasn't on the list.
While Donegal Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
