Donegal Group, Inc. (DGICA) Position Held by Weik Investment Services Inc.
Weik Investment Services Inc. maintained its position in shares of Donegal Group, Inc. (NASDAQ:DGICA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the insurance provider’s stock at the end of the 2nd quarter. Weik Investment Services Inc.’s holdings in Donegal Group were worth $159,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in DGICA. Russell Investments Group Ltd. increased its holdings in Donegal Group by 45.8% in the second 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 in the last quarter. Rhumbline Advisers raised its position in shares of Donegal Group by 0.4% in the second quarter. Rhumbline Advisers now owns 11,052 shares of the insurance provider’s stock worth $176,000 after acquiring an additional 40 shares during the period. Hancock Holding Co. raised its position in shares of Donegal Group by 4.4% in the second quarter. Hancock Holding Co. now owns 11,470 shares of the insurance provider’s stock worth $182,000 after acquiring an additional 480 shares during the period. Teachers Advisors LLC raised its position in shares of Donegal Group by 12.6% in the fourth quarter. Teachers Advisors LLC now owns 13,833 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 1,549 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Donegal Group by 333.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,029 shares of the insurance provider’s stock worth $247,000 after acquiring an additional 10,791 shares during the period. Institutional investors own 29.48% of the company’s stock.
Shares of Donegal Group, Inc. (DGICA) remained flat at $16.20 during mid-day trading on Tuesday. 4,247 shares of the stock traded hands. The firm has a 50-day moving average of $15.54 and a 200 day moving average of $15.97. The firm has a market capitalization of $442.62 million, a price-to-earnings ratio of 34.32 and a beta of 0.31. Donegal Group, Inc. has a 52 week low of $14.49 and a 52 week high of $18.55.
Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Wednesday, July 19th. The insurance provider reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). Donegal Group had a net margin of 1.84% and a return on equity of 2.24%. The firm had revenue of $182.48 million during the quarter, compared to analyst estimates of $185.20 million. Equities research analysts anticipate that Donegal Group, Inc. will post $0.63 EPS for the current fiscal year.
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A number of research firms have recently commented on DGICA. Zacks Investment Research upgraded Donegal Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub lowered Donegal Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 target price on shares of Donegal Group in a research report on Friday, July 14th. TheStreet cut shares of Donegal Group from a “b-” rating to a “c+” rating in a research note on Wednesday, August 9th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Donegal Group in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.00.
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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