Donegal Group Inc. (NASDAQ:DGICA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.75 and last traded at $16.72, with a volume of 31,897 shares traded. The stock had previously closed at $16.46.

Separately, TheStreet upgraded shares of Donegal Group from a “hold” rating to a “buy” rating in a report on Monday, May 23rd.

The firm has a market cap of $439.45 million and a price-to-earnings ratio of 17.82. The company has a 50-day moving average of $16.16 and a 200 day moving average of $14.90.

Donegal Group (NASDAQ:DGICA) last issued its earnings results on Wednesday, April 20th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. On average, analysts anticipate that Donegal Group Inc. will post $1.30 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Donegal Group stock. Philadelphia Trust Co. boosted its stake in shares of Donegal Group Inc. (NASDAQ:DGICA) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,880 shares of the company’s stock after buying an additional 64,705 shares during the period. Philadelphia Trust Co. owned 1.19% of Donegal Group worth $4,668,000 at the end of the most recent quarter.

Donegal Group Inc (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in over 21 Mid-Atlantic, Midwestern, New England and Southern states. The Company has four segments, which consist of its investment function, its personal lines of insurance, its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC).

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