Alert: Negative Investment/Fundamental Signals (6/13/24)-Donegal Group Inc (NASDAQ: DGICA)

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Significant negative changes in fundamentals have recently occurred for Donegal Group Inc (NASDAQ: DGICA): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Donegal Group Inc (NASDAQ: DGICA) has recently experienced significant negative changes in investment behavior: negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

DGICA is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Donegal Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Donegal Group has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 34, with the Negative Value Trend Rating the result.

Recent Price Action

Donegal Group Inc (NASDAQ: DGICA) stock declined modestly by -1.1% on 6/13/24. The stock closed at $12.84. However, this decline was accompanied by unusually low trading volume at 60% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.0% during the last week.

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