Alert: Negative Investment/Fundamental Signals (3/18/24)-Donegal Group Inc (NASDAQ: DGICA)

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Recent meaningful negative changes in fundamentals have affected Donegal Group Inc (NASDAQ: DGICA): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Important negative changes in Donegal Group Inc (NASDAQ: DGICA) investment behavior have recently occurred: the stock fell on very heavy volume.

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’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.

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 inconsistent signals. Donegal Group has a neutral Power Rating of 45 but a poor Appreciation Score of 27, resulting in the Negative Value Trend Rating.

Recent Price Action

On 3/18/24, Donegal Group Inc (NASDAQ: DGICA) stock declined modestly by -1.6%, closing at $13.97. Moreover, exceptionally high trading volume at 238% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.9% during the last week.

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