BidaskClub cut shares of Donegal Group (NASDAQ:DGICA) from a sell rating to a strong sell rating in a report published on Thursday, February 28th.
DGICA has been the topic of a number of other reports. ValuEngine lowered shares of Donegal Group from a buy rating to a hold rating in a research report on Tuesday, January 22nd. Boenning Scattergood reaffirmed a hold rating on shares of Donegal Group in a research report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of Donegal Group from a hold rating to a strong sell rating in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Donegal Group currently has an average rating of Hold and an average target price of $18.00.
Shares of DGICA traded down $0.16 during trading hours on Thursday, hitting $13.38. The company had a trading volume of 78,622 shares, compared to its average volume of 18,720. The firm has a market capitalization of $379.51 million, a PE ratio of -13.38 and a beta of 0.36. Donegal Group has a 12 month low of $12.74 and a 12 month high of $16.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.43 and a quick ratio of 0.43.
Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.30) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.30). The company had revenue of $195.01 million for the quarter, compared to analyst estimates of $197.60 million. Donegal Group had a negative net margin of 4.24% and a negative return on equity of 6.47%. Analysts predict that Donegal Group will post 0.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were paid a dividend of $0.1425 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.57 dividend on an annualized basis and a yield of 4.26%. Donegal Group’s payout ratio is -57.00%.
A number of institutional investors have recently made changes to their positions in DGICA. Wells Fargo & Company MN grew its stake in Donegal Group by 8.6% during the third quarter. Wells Fargo & Company MN now owns 343,983 shares of the insurance provider’s stock worth $4,889,000 after buying an additional 27,122 shares in the last quarter. BlackRock Inc. grew its stake in Donegal Group by 1.0% during the third quarter. BlackRock Inc. now owns 829,440 shares of the insurance provider’s stock worth $11,788,000 after buying an additional 8,155 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Donegal Group by 244.1% during the third quarter. Allianz Asset Management GmbH now owns 78,377 shares of the insurance provider’s stock worth $1,114,000 after buying an additional 55,599 shares in the last quarter. Vanguard Group Inc. grew its stake in Donegal Group by 12.9% during the third quarter. Vanguard Group Inc. now owns 541,181 shares of the insurance provider’s stock worth $7,646,000 after buying an additional 61,847 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Donegal Group by 21.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 482,199 shares of the insurance provider’s stock worth $6,580,000 after buying an additional 86,324 shares in the last quarter. Hedge funds and other institutional investors own 30.50% of the company’s stock.
Donegal Group Company Profile
Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.
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