Donegal Group (NASDAQ:DGICA) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Donegal Group (NASDAQ:DGICA – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Separately, Keefe, Bruyette & Woods upped their price target on Donegal Group from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Friday, April 25th.

Get Our Latest Stock Analysis on DGICA

Donegal Group Price Performance

Shares of DGICA opened at $19.94 on Friday. The company has a market cap of $719.83 million, a P/E ratio of 9.73 and a beta of 0.02. The stock has a fifty day moving average price of $19.61 and a 200 day moving average price of $17.58. 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 has a 12 month low of $12.43 and a 12 month high of $21.12.

Donegal Group (NASDAQ:DGICA – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.38. Donegal Group had a return on equity of 12.82% and a net margin of 7.06%. The company had revenue of $245.57 million during the quarter, compared to analysts’ expectations of $248.73 million. On average, research analysts forecast that Donegal Group will post 1.2 earnings per share for the current year.

Insider Buying and Selling at Donegal Group

In other Donegal Group news, EVP William Daniel Delamater sold 8,696 shares of Donegal Group stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $19.78, for a total value of $172,006.88. Following the completion of the transaction, the executive vice president now owns 1,495 shares in the company, valued at approximately $29,571.10. The trade was a 85.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Vincent Anthony Viozzi sold 19,173 shares of Donegal Group stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $20.24, for a total value of $388,061.52. Following the completion of the transaction, the vice president now owns 8,143 shares of the company’s stock, valued at approximately $164,814.32. The trade was a 70.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,724 shares of company stock valued at $3,269,040 in the last 90 days. 3.48% of the stock is currently owned by insiders.

Institutional Trading of Donegal Group

A number of institutional investors have recently modified their holdings of DGICA. Inspire Investing LLC acquired a new position in shares of Donegal Group in the first quarter valued at approximately $825,000. Acadian Asset Management LLC grew its position in Donegal Group by 40.9% during the first quarter. Acadian Asset Management LLC now owns 158,823 shares of the insurance provider’s stock worth $3,115,000 after buying an additional 46,095 shares in the last quarter. Jane Street Group LLC acquired a new stake in Donegal Group during the first quarter worth approximately $689,000. Empowered Funds LLC grew its position in Donegal Group by 1.9% during the first quarter. Empowered Funds LLC now owns 91,814 shares of the insurance provider’s stock worth $1,802,000 after buying an additional 1,696 shares in the last quarter. Finally, Ascent Group LLC acquired a new stake in Donegal Group during the first quarter worth approximately $424,000. 27.96% of the stock is currently owned by institutional investors.

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.

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