Donegal Group (NASDAQ:DGICA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Wednesday, November 1st. Keefe, Bruyette & Woods raised shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Wednesday, November 1st. Boenning Scattergood raised shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Tuesday, October 31st. Finally, TheStreet raised shares of Donegal Group from a “c+” rating to a “b-” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donegal Group currently has an average rating of “Buy” and an average price target of $19.67.

Shares of Donegal Group (NASDAQ:DGICA) traded down $0.05 during trading hours on Tuesday, reaching $17.17. 27,138 shares of the company traded hands, compared to its average volume of 31,317. The firm has a market capitalization of $479.20, a PE ratio of 37.98 and a beta of 0.30. Donegal Group has a 52-week low of $14.51 and a 52-week high of $18.55. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Monday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm 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 predict that Donegal Group will post 0.65 EPS for the current fiscal year.

In other Donegal Group news, Director Jack Lee Hess bought 2,000 shares of the business’s 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 acquisition, the director now directly owns 4,489 shares of the company’s stock, valued at approximately $75,325.42. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Patricia A. Gilmartin sold 5,333 shares of Donegal Group stock in a transaction on Monday, November 6th. The shares were 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 in the company, valued at $232,859.54. The disclosure for this sale can be found here. In the last three months, insiders have 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 made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Donegal Group by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,659,577 shares of the insurance provider’s stock valued at $26,769,000 after acquiring an additional 21,983 shares during the period. Kennedy Capital Management Inc. increased its holdings in shares of Donegal Group by 31.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 579,157 shares of the insurance provider’s stock valued at $9,209,000 after acquiring an additional 139,027 shares during the period. OLD Republic International Corp increased its holdings in shares of Donegal Group by 103.9% in the 3rd quarter. OLD Republic International Corp now owns 477,100 shares of the insurance provider’s stock valued at $7,696,000 after acquiring an additional 243,100 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Donegal Group by 3.0% in the 3rd quarter. Wells Fargo & Company MN now owns 415,387 shares of the insurance provider’s stock valued at $6,699,000 after acquiring an additional 11,968 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Donegal Group by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 412,320 shares of the insurance provider’s stock valued at $7,265,000 after acquiring an additional 16,736 shares during the period. 29.27% of the stock is currently owned by institutional investors and hedge funds.

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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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