Keefe, Bruyette & Woods Issues Pessimistic Forecast for Donegal Group (NASDAQ:DGICA) Stock Price

Donegal Group (NASDAQ:DGICA) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $21.00 to $19.50 in a report issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.13% from the company’s current price.

Several other equities research analysts also recently commented on DGICA. Zacks Research downgraded shares of Donegal Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Donegal Group in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Donegal Group has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Donegal Group Price Performance

Shares of NASDAQ DGICA opened at $17.39 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $19.32 and a two-hundred day simple moving average of $19.11. Donegal Group has a 1-year low of $15.26 and a 1-year high of $21.12. The firm has a market cap of $637.17 million, a price-to-earnings ratio of 7.94 and a beta of 0.04.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Thursday, February 19th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Donegal Group had a net margin of 8.11% and a return on equity of 12.99%. The firm had revenue of $240.14 million during the quarter, compared to the consensus estimate of $241.10 million. Analysts anticipate that Donegal Group will post 1.2 earnings per share for the current year.

Insider Transactions at Donegal Group

In related news, VP Kristi Spencer Altshuler sold 12,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $20.25, for a total value of $243,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Mutual Insurance Co Donegal acquired 22,819 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $20.05 per share, with a total value of $457,520.95. Following the purchase, the insider directly owned 13,913,704 shares of the company’s stock, valued at $278,969,765.20. This trade represents a 0.16% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 106,343 shares of company stock valued at $2,115,435 and have sold 17,174 shares valued at $346,833. Insiders own 6.63% of the company’s stock.

Institutional Investors Weigh In On Donegal Group

A number of large investors have recently added to or reduced their stakes in DGICA. Vanguard Group Inc. boosted its holdings in shares of Donegal Group by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,008,217 shares of the insurance provider’s stock worth $19,549,000 after purchasing an additional 39,181 shares in the last quarter. Geode Capital Management LLC lifted its position in Donegal Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 534,703 shares of the insurance provider’s stock worth $10,685,000 after buying an additional 11,891 shares during the last quarter. State Street Corp boosted its stake in Donegal Group by 0.8% in the fourth quarter. State Street Corp now owns 391,729 shares of the insurance provider’s stock worth $7,827,000 after buying an additional 3,290 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Donegal Group by 1.6% in the fourth quarter. Renaissance Technologies LLC now owns 371,211 shares of the insurance provider’s stock worth $7,417,000 after buying an additional 5,800 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Donegal Group by 33.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,154 shares of the insurance provider’s stock valued at $7,132,000 after acquiring an additional 88,462 shares during the last quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

More Donegal Group News

Here are the key news stories impacting Donegal Group this week:

• Positive Sentiment: Company emphasized record net income for the quarter and outlined strategic initiatives that management says support longer-term profitability, which could be constructive for investor confidence. Donegal Group Inc (DGICA) Q4 2025 Earnings Call Highlights: Record Net Income and Strategic …
• Neutral Sentiment: Full earnings-call transcript is available for investors who want the detailed commentary and management Q&A to assess growth/guidance nuances. Donegal Group Inc. (NASDAQ:DGICA) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Earnings slide presentation is posted (useful for line‑by‑line review of underwriting, investment results and reserve development). Donegal Group Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Pre‑earnings preview coverage summarizing expectations and key metrics to watch. Donegal Group Inc (DGICA) Q4 2025 Earnings Report Preview: What To Expect
• Neutral Sentiment: Reported short‑interest data appears effectively zero and unchanged, so short covering/pressure is unlikely to explain the move. (Data note in filings/news items.)
• Negative Sentiment: The core driver of the decline: reported EPS of $0.50 missed the $0.52 consensus and revenue slightly trailed estimates — an outcome that prompted selling pressure despite positive commentary on net income. Donegal Group (NASDAQ:DGICA) Shares Gap Down on Disappointing Earnings
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target from $21.00 to $19.50 and assigned a “market perform” rating, which reduces analyst-driven upside and may have intensified the pullback. KBW cuts price target to $19.50, market perform

About Donegal Group

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.