Shares of Donegal Group Inc. (NASDAQ:DGICA) have earned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One 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 a number of analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price objective of $19.00 for the company and are forecasting 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 50 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods upgraded Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, November 1st. Boenning Scattergood upgraded Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 31st. BidaskClub cut Donegal Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, TheStreet upgraded Donegal Group from a “c+” rating to a “b-” rating in a research report on Friday, October 20th.

In related news, Director Patricia A. Gilmartin sold 5,333 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was 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 can be accessed through this hyperlink. Also, Director Jack Lee Hess bought 2,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average price of $16.78 per share, for a total transaction of $33,560.00. Following the completion of the transaction, the director now owns 4,489 shares in the company, valued at $75,325.42. The disclosure for this purchase can be found here. Insiders have bought a total of 4,000 shares of company stock worth $68,040 over the last quarter. Insiders own 11.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in Donegal Group by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 40 shares during the period. Schwab Charles Investment Management Inc. increased its position in Donegal Group by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,211 shares of the insurance provider’s stock valued at $640,000 after acquiring an additional 323 shares during the period. Hancock Holding Co. increased its position in Donegal Group by 4.4% in the 2nd quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock valued at $182,000 after acquiring an additional 480 shares during the period. State Street Corp increased its position in Donegal Group by 0.7% in the 2nd quarter. State Street Corp now owns 203,048 shares of the insurance provider’s stock valued at $3,230,000 after acquiring an additional 1,473 shares during the period. Finally, Alliancebernstein L.P. increased its position in Donegal Group by 8.3% in the 2nd quarter. Alliancebernstein L.P. now owns 19,654 shares of the insurance provider’s stock valued at $312,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 29.27% of the company’s stock.

Shares of Donegal Group (NASDAQ DGICA) traded down $0.19 during midday trading on Wednesday, reaching $17.69. The company’s stock had a trading volume of 47,330 shares, compared to its average volume of 43,939. Donegal Group has a 12-month low of $14.51 and a 12-month high of $18.25. The firm has a market capitalization of $469.37, a PE ratio of 32.16 and a beta of 0.30. 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 (NASDAQ:DGICA) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Donegal Group had a return on equity of 2.81% and a net margin of 2.13%. The firm had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. research analysts anticipate that Donegal Group will post 0.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, January 31st. Donegal Group’s payout ratio is 101.82%.

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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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