Donegal Group, Inc. (NASDAQ:DGICA) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research report issued on Friday.

A number of other research firms have also recently commented on DGICA. Keefe, Bruyette & Woods set a $18.00 target price on shares of Donegal Group and gave the stock a “hold” rating in a research note on Thursday, August 17th. BidaskClub raised shares of Donegal Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of Donegal Group in a research note on Thursday, July 20th. Finally, Zacks Investment Research cut shares of Donegal Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.00.

Shares of Donegal Group (DGICA) traded down 0.37% on Friday, hitting $16.21. The stock had a trading volume of 9,761 shares. The firm has a market cap of $442.89 million, a P/E ratio of 34.34 and a beta of 0.31. Donegal Group has a 12 month low of $14.49 and a 12 month high of $18.55. The firm’s 50-day moving average price is $15.94 and its 200 day moving average price is $15.85.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings 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 purchasing an additional 40 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings 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 purchasing an additional 323 shares during the last quarter. Hancock Holding Co. boosted its holdings 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 purchasing an additional 480 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Donegal Group by 2.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 50,703 shares of the insurance provider’s stock valued at $806,000 after purchasing an additional 1,240 shares during the last quarter. Finally, State Street Corp boosted its holdings 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 purchasing an additional 1,473 shares during the last quarter. 29.48% of the stock is owned by institutional investors.

About Donegal Group

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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