Donegal Group Inc. (NASDAQ:DGICA) has been given an average broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Analysts have set a 1 year consensus price objective of $19.00 for the company and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Donegal Group an industry rank of 52 out of 265 based on the ratings given to its competitors.
A number of brokerages recently commented on DGICA. BidaskClub lowered shares of Donegal Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods upgraded shares of Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, November 1st. Boenning Scattergood upgraded shares of Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 price target on the stock in a research note on Tuesday, October 31st. Finally, TheStreet upgraded shares of Donegal Group from a “c+” rating to a “b-” rating in a research note on Friday, October 20th.
Shares of Donegal Group (DGICA) traded down $0.12 on Wednesday, reaching $16.28. 14,800 shares of the company were exchanged, compared to its average volume of 26,512. Donegal Group has a twelve month low of $14.51 and a twelve month high of $18.25. The firm has a market cap of $449.85, a price-to-earnings ratio of 28.56 and a beta of 0.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.44%. Donegal Group’s dividend payout ratio (DPR) 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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