Donegal Group (NASDAQ:DGICA) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Monday, BidAskClub reports.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Donegal Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research raised shares of Donegal Group from a “strong sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research report on Tuesday, April 30th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Donegal Group in a research report on Wednesday, February 20th.

Shares of NASDAQ:DGICA opened at $14.97 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.09. Donegal Group has a fifty-two week low of $12.42 and a fifty-two week high of $15.08. The stock has a market cap of $422.67 million, a P/E ratio of -14.97 and a beta of 0.36.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.23. Donegal Group had a net margin of 1.06% and a negative return on equity of 0.58%. The business had revenue of $196.21 million during the quarter, compared to the consensus estimate of $194.80 million. On average, equities analysts expect that Donegal Group will post 0.7 earnings per share for the current fiscal year.

In other news, Director Jack Lee Hess bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of $13.92 per share, for a total transaction of $27,840.00. Following the transaction, the director now owns 24,473 shares in the company, valued at $340,664.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.79% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its position in Donegal Group by 0.8% in the 1st quarter. Northern Trust Corp now owns 135,449 shares of the insurance provider’s stock worth $1,822,000 after purchasing an additional 1,129 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Donegal Group by 1.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 111,366 shares of the insurance provider’s stock worth $1,498,000 after purchasing an additional 1,153 shares during the last quarter. Legal & General Group Plc grew its position in Donegal Group by 110.1% in the 4th quarter. Legal & General Group Plc now owns 2,464 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,291 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Donegal Group by 434.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 1,615 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Donegal Group by 13.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,708 shares of the insurance provider’s stock worth $198,000 after purchasing an additional 1,719 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of 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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