Donegal Group (NASDAQ:DGICB) Shares Gap Up – Should You Buy?

Donegal Group, Inc. (NASDAQ:DGICB)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $22.90, but opened at $24.83. Donegal Group shares last traded at $24.9590, with a volume of 189 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Donegal Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Donegal Group Stock Down 0.2%

The stock has a market cap of $967.00 million, a price-to-earnings ratio of 15.44 and a beta of 0.04. The firm’s fifty day moving average price is $20.66 and its two-hundred day moving average price is $18.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.15). Donegal Group had a net margin of 6.77% and a return on equity of 10.31%. The firm had revenue of $236.00 million during the quarter, compared to analyst estimates of $247.83 million.

Hedge Funds Weigh In On Donegal Group

An institutional investor recently bought a new stake in Donegal Group stock. Lewis Asset Management LLC bought a new position in Donegal Group, Inc. (NASDAQ:DGICB) during the first quarter, according to its most recent filing with the SEC. The firm bought 11,469 shares of the insurance provider’s stock, valued at approximately $203,000. 1.19% of the stock is currently owned by hedge funds and other institutional investors.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.