Donegal Group (NASDAQ:DGICA) Price Target Raised to $20.00

Posted by Stanley Muller on Jul 8th, 2026

Donegal Group (NASDAQ:DGICA – Get Free Report) had its price objective upped by Keefe, Bruyette & Woods from $18.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 3.95% from the company’s current price.

Separately, Weiss Ratings raised shares of Donegal Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Check Out Our Latest Research Report on Donegal Group

Donegal Group Price Performance

Donegal Group stock opened at $19.24 on Wednesday. The business’s 50-day simple moving average is $17.58 and its 200 day simple moving average is $18.03. The stock has a market cap of $712.84 million and a price-to-earnings ratio of 10.75. Donegal Group has a 12-month low of $16.11 and a 12-month high of $21.06. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group (NASDAQ:DGICA – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The insurance provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $247.83 million. As a group, research analysts anticipate that Donegal Group will post 1.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Mutual Insurance Co Donegal acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $16.62 per share, for a total transaction of $166,200.00. Following the completion of the acquisition, the insider owned 14,117,109 shares in the company, valued at $234,626,351.58. This trade represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 139,487 shares of company stock worth $2,392,488. 2.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Donegal Group

A number of hedge funds and other institutional investors have recently made changes to their positions in DGICA. Bank of America Corp DE lifted its holdings in Donegal Group by 3.1% during the first quarter. Bank of America Corp DE now owns 73,820 shares of the insurance provider’s stock worth $1,268,000 after acquiring an additional 2,243 shares in the last quarter. Amundi acquired a new position in shares of Donegal Group in the 1st quarter valued at approximately $206,000. Renaissance Technologies LLC increased its stake in Donegal Group by 5.8% during the 1st quarter. Renaissance Technologies LLC now owns 392,711 shares of the insurance provider’s stock worth $6,747,000 after purchasing an additional 21,500 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Donegal Group by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 80,614 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Donegal Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,737,266 shares of the insurance provider’s stock valued at $29,846,000 after buying an additional 7,345 shares during the period. 27.96% of the stock is owned by institutional investors.

Donegal Group Company Profile

(Get Free Report)

Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.