Shares of Donegal Group Inc. (NASDAQ:DGICA) have been given an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given 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 various analysts’ ratings changes.

Brokerages have set a 12-month consensus target price of $19.00 for the company and are anticipating 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 191 out of 265 based on the ratings given to its competitors.

Several analysts have recently commented on the stock. TheStreet downgraded shares of Donegal Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of Donegal Group and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Boenning Scattergood upgraded shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Tuesday, October 31st.

Shares of Donegal Group (NASDAQ DGICA) traded down $0.01 during mid-day trading on Friday, reaching $17.61. 43,800 shares of the company traded hands, compared to its average volume of 30,900. Donegal Group has a 52 week low of $14.51 and a 52 week high of $18.55. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $483.32, a PE ratio of 38.30 and a beta of 0.30.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. analysts predict that Donegal Group will post 0.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued 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 dividend yield of 3.18%. Donegal Group’s dividend payout ratio (DPR) is presently 98.25%.

In other news, Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. Also, Director Jack Lee Hess purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average cost of $16.78 per share, with a total value of $33,560.00. Following the completion of the purchase, the director now owns 4,489 shares in the company, valued at approximately $75,325.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 4,000 shares of company stock worth $68,040. Insiders own 11.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DGICA. OLD Republic International Corp boosted 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 valued at $7,696,000 after buying an additional 243,100 shares during the period. Wells Fargo & Company MN boosted its position in Donegal Group by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 403,419 shares of the insurance provider’s stock valued at $6,414,000 after buying an additional 22,511 shares during the period. Kennedy Capital Management Inc. boosted 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 valued at $9,209,000 after buying an additional 139,027 shares during the period. Dimensional Fund Advisors LP boosted its position in Donegal Group by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,637,594 shares of the insurance provider’s stock valued at $26,038,000 after buying an additional 33,628 shares during the period. Finally, Northern Trust Corp boosted its position in Donegal Group by 14.1% in the 2nd quarter. Northern Trust Corp now owns 135,447 shares of the insurance provider’s stock valued at $2,154,000 after buying an additional 16,696 shares during the period. 29.27% of the stock is owned by hedge funds and other institutional investors.

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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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