Donegal Group, Inc. (NASDAQ:DGICA) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Wednesday.

A number of other brokerages have also recently weighed in on DGICA. BidaskClub raised shares of Donegal Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 price target on shares of Donegal Group in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Donegal Group presently has a consensus rating of “Hold” and an average price target of $19.00.

Shares of Donegal Group (DGICA) opened at 15.14 on Wednesday. The stock’s 50 day moving average price is $15.36 and its 200 day moving average price is $16.27. Donegal Group has a 12-month low of $14.49 and a 12-month high of $18.55. The company has a market capitalization of $413.03 million, a PE ratio of 32.08 and a beta of 0.31.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. Donegal Group had a net margin of 1.84% and a return on equity of 2.24%. The company had revenue of $182.48 million during the quarter, compared to analysts’ expectations of $185.20 million. On average, equities research analysts forecast that Donegal Group will post $0.63 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Donegal Group by 45.8% in the second quarter. Russell Investments Group Ltd. now owns 7,636 shares of the insurance provider’s stock worth $121,000 after buying an additional 2,400 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Donegal Group by 0.4% in the second quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock worth $176,000 after buying an additional 40 shares during the last quarter. Hancock Holding Co. acquired a new stake in shares of Donegal Group during the first quarter worth approximately $194,000. TFS Capital LLC acquired a new stake in shares of Donegal Group during the first quarter worth approximately $238,000. Finally, Teachers Advisors LLC boosted its stake in shares of Donegal Group by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 13,833 shares of the insurance provider’s stock worth $242,000 after buying an additional 1,549 shares during the last quarter. 29.11% of the stock is owned by institutional investors and hedge funds.

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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