Donegal Group (DGICA) Given a $19.00 Price Target at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods set a $19.00 target price on Donegal Group (NASDAQ:DGICA) in a research note published on Friday morning. The firm currently has a buy rating on the insurance provider’s stock.
A number of other equities analysts have also recently commented on the company. BidaskClub cut Donegal Group from a hold rating to a sell rating in a report on Thursday, January 25th. Zacks Investment Research cut Donegal Group from a buy rating to a hold rating in a report on Tuesday. Finally, Boenning Scattergood upgraded Donegal Group from a neutral rating to an outperform rating and set a $19.00 price target for the company in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $19.33.
Donegal Group (NASDAQ DGICA) traded down $0.50 during trading hours on Friday, hitting $15.70. The stock had a trading volume of 25,226 shares, compared to its average volume of 21,992. Donegal Group has a 1-year low of $14.51 and a 1-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 has a market cap of $444.37, a price-to-earnings ratio of 27.54 and a beta of 0.36.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.57%. Donegal Group’s dividend payout ratio (DPR) is currently 98.25%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Donegal Group by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,211 shares of the insurance provider’s stock worth $640,000 after acquiring an additional 323 shares during the last quarter. State Street Corp increased its stake in shares of Donegal Group by 0.7% during the 2nd quarter. State Street Corp now owns 203,048 shares of the insurance provider’s stock worth $3,230,000 after purchasing an additional 1,473 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Donegal Group by 8.3% during the 2nd quarter. Alliancebernstein L.P. now owns 19,654 shares of the insurance provider’s stock worth $312,000 after purchasing an additional 1,500 shares during the last quarter. TCW Group Inc. increased its stake in shares of Donegal Group by 2.2% during the 3rd quarter. TCW Group Inc. now owns 172,600 shares of the insurance provider’s stock worth $2,784,000 after purchasing an additional 3,703 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Donegal Group by 78.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,817 shares of the insurance provider’s stock worth $189,000 after purchasing an additional 5,203 shares during the last quarter. Institutional investors own 31.12% of the company’s stock.
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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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