Donegal Group Inc. (NASDAQ:DGICA) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Brokers have set a twelve-month consensus price target of $19.00 for the company and are anticipating that the company will post $0.39 earnings per share 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 research firms have recently issued reports on DGICA. BidaskClub lowered Donegal Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. TheStreet upgraded Donegal Group from a “c+” rating to a “b-” rating in a report on Friday, October 20th. Boenning Scattergood upgraded Donegal Group from a “neutral” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Tuesday, October 31st. Keefe, Bruyette & Woods upgraded Donegal Group from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Donegal Group from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a report on Wednesday, November 1st.

Donegal Group (NASDAQ:DGICA) traded down $0.12 on Wednesday, hitting $16.28. The stock had a trading volume of 14,800 shares, compared to its average volume of 26,512. The stock has a market capitalization of $449.85, a price-to-earnings ratio of 28.56 and a beta of 0.36. Donegal Group has a one year low of $14.51 and a one year high of $18.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.42 and a quick ratio of 0.42.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.44%. Donegal Group’s dividend payout ratio is 98.25%.

Several large investors have recently made changes to their positions in DGICA. OLD Republic International Corp raised its holdings in shares of Donegal Group by 103.9% during the third quarter. OLD Republic International Corp now owns 477,100 shares of the insurance provider’s stock worth $7,696,000 after acquiring an additional 243,100 shares in the last quarter. Renaissance Technologies LLC increased its position in Donegal Group by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 456,500 shares of the insurance provider’s stock worth $7,897,000 after buying an additional 76,200 shares during the last quarter. Wells Fargo & Company MN increased its position in Donegal Group by 11.2% during the fourth quarter. Wells Fargo & Company MN now owns 462,037 shares of the insurance provider’s stock worth $7,993,000 after buying an additional 46,650 shares during the last quarter. Deutsche Bank AG increased its position in Donegal Group by 93.0% during the fourth quarter. Deutsche Bank AG now owns 85,808 shares of the insurance provider’s stock worth $1,481,000 after buying an additional 41,337 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Donegal Group by 119.8% during the fourth quarter. Allianz Asset Management GmbH now owns 73,590 shares of the insurance provider’s stock worth $1,273,000 after buying an additional 40,112 shares during the last quarter. Institutional investors and hedge funds own 29.46% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/02/14/zacks-donegal-group-inc-dgica-receives-average-rating-of-buy-from-brokerages.html.

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.

Get a free copy of the Zacks research report on Donegal Group (DGICA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Donegal Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donegal Group and related companies with MarketBeat.com's FREE daily email newsletter.