Shares of Donegal Group Inc. (NASDAQ:DGICA) have earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. Donegal Group’s rating score has improved by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target 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 192 out of 265 based on the ratings given to its competitors.

DGICA has been the topic of several recent research reports. TheStreet upgraded Donegal Group from a “c+” rating to a “b-” rating in a report on Friday, October 20th. Zacks Investment Research raised Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Keefe, Bruyette & Woods set a $18.00 price target on Donegal Group and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, Boenning Scattergood upgraded Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 31st.

In related news, Director Patricia A. Gilmartin sold 5,333 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $17.17, for a total transaction of $91,567.61. Following the completion of the transaction, the director now directly owns 13,562 shares of the company’s stock, valued at approximately $232,859.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack Lee Hess acquired 2,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average cost of $16.78 per share, with a total value of $33,560.00. Following the completion of the transaction, the director now owns 4,489 shares in the company, valued at approximately $75,325.42. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,000 shares of company stock worth $68,040. 11.90% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Donegal Group by 45.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,636 shares of the insurance provider’s stock valued at $121,000 after buying an additional 2,400 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Donegal Group by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 40 shares during the period. Hancock Holding Co. raised its position in shares of Donegal Group by 4.4% in the 2nd quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock worth $182,000 after buying an additional 480 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Donegal Group by 78.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock worth $189,000 after buying an additional 5,203 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Donegal Group by 8.3% in the 2nd quarter. Alliancebernstein L.P. now owns 19,654 shares of the insurance provider’s stock worth $312,000 after buying an additional 1,500 shares during the period. 29.27% of the stock is owned by institutional investors and hedge funds.

Shares of Donegal Group (NASDAQ DGICA) traded down $0.14 on Friday, reaching $17.57. 29,884 shares of the company were exchanged, compared to its average volume of 59,500. The stock has a market capitalization of $481.95, a P/E ratio of 38.20 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 has a 1-year low of $14.51 and a 1-year high of $18.55.

Donegal Group (NASDAQ:DGICA) last released its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $187.60 million. Donegal Group had a net margin of 2.13% and a return on equity of 2.81%. research analysts anticipate that Donegal Group will post 0.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, October 31st. Donegal Group’s payout ratio is currently 98.25%.

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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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