Donegal Group, Inc. (NASDAQ:DGICA) received a $18.00 target price from Keefe, Bruyette & Woods in a report released on Thursday. The firm currently has a “hold” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.89% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of Donegal Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Donegal Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, TheStreet lowered shares of Donegal Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.00.

Donegal Group (NASDAQ:DGICA) traded down 0.26% during trading on Thursday, hitting $15.10. 8,830 shares of the stock traded hands. The company has a market cap of $412.56 million, a P/E ratio of 31.99 and a beta of 0.31. Donegal Group has a 52-week low of $14.49 and a 52-week high of $18.55. The firm has a 50-day moving average price of $15.26 and a 200 day moving average price of $16.22.

Donegal Group (NASDAQ:DGICA) last released its earnings results on Wednesday, July 19th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $182.48 million during the quarter, compared to analysts’ expectations of $185.20 million. Donegal Group had a return on equity of 2.24% and a net margin of 1.84%. On average, equities analysts expect that Donegal Group will post $0.63 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Donegal Group by 15.1% in the fourth quarter. State Street Corp now owns 175,180 shares of the insurance provider’s stock valued at $3,062,000 after buying an additional 22,978 shares during the last quarter. Teachers Advisors LLC increased its position in Donegal Group by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 13,833 shares of the insurance provider’s stock valued at $242,000 after buying an additional 1,549 shares during the last quarter. Naples Global Advisors LLC acquired a new position in Donegal Group during the first quarter valued at $327,000. Sit Investment Associates Inc. increased its position in Donegal Group by 290.3% in the first quarter. Sit Investment Associates Inc. now owns 24,200 shares of the insurance provider’s stock valued at $426,000 after buying an additional 18,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Donegal Group by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 71,959 shares of the insurance provider’s stock valued at $1,268,000 after buying an additional 4,332 shares during the last quarter. Institutional investors and hedge funds own 28.58% of the company’s stock.

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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