Weekly Research Analysts’ Ratings Updates for Donegal Group (DGICA)

Donegal Group (NASDAQ: DGICA) recently received a number of ratings updates from brokerages and research firms:

  • 3/6/2018 – Donegal Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/27/2018 – Donegal Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 2/26/2018 – Donegal Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Donegal Group Inc. is a regional property-casualty insurance holding company doing business in Mid-Atlantic and Southern states through its insurance subsidiaries: Atlantic States Insurance Company, Southern Heritage Insurance Company, Southern Insurance Company of Virginia, Delaware Atlantic Insurance Company, Pioneer Insurance Company, Ohio and Pioneer Insurance Company, New York. “
  • 2/26/2018 – Donegal Group had its “buy” rating reaffirmed by analysts at Boenning Scattergood.
  • 2/23/2018 – Donegal Group was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 2/23/2018 – Donegal Group was given a new $19.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.
  • 2/20/2018 – Donegal Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Donegal Group Inc. is a regional property-casualty insurance holding company doing business in Mid-Atlantic and Southern states through its insurance subsidiaries: Atlantic States Insurance Company, Southern Heritage Insurance Company, Southern Insurance Company of Virginia, Delaware Atlantic Insurance Company, Pioneer Insurance Company, Ohio and Pioneer Insurance Company, New York. “
  • 1/25/2018 – Donegal Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Donegal Group Inc. (NASDAQ DGICA) opened at $14.90 on Friday. Donegal Group Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.43 and a quick ratio of 0.42. The firm has a market capitalization of $415.29, a P/E ratio of 57.31 and a beta of 0.45.

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Donegal Group (NASDAQ:DGICA) last released its quarterly earnings data on Friday, February 23rd. The insurance provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.35). Donegal Group had a return on equity of 1.82% and a net margin of 0.96%. The business had revenue of $188.55 million during the quarter, compared to analysts’ expectations of $190.40 million. sell-side analysts forecast that Donegal Group Inc. will post 1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Wednesday, January 31st. Donegal Group’s dividend payout ratio (DPR) is currently 215.39%.

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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