The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Donegal Group Inc shares valued at $127,320 were purchased by DONEGAL MUTUAL INSURANCE CO on Dec 13 ’24. At $16.29 per share, DONEGAL MUTUAL INSURANCE CO acquired 7,817 shares. The insider’s holdings grew to 13,152,372 shares worth approximately $194.66 million following the completion of this transaction.
Also, VIOZZI VINCENT ANTHONY sold 10,500 shares, netting a total of over 171,054 in proceeds. Following the sale of shares at $16.29 each, the insider now holds 9,891 shares.
Before that, Moore Sewell Trezevant Jr had added 12,500 shares to its account. In a trade valued at $203,750, the Director bought Donegal Group Inc shares for $16.30 each.
As published in their initiating research note from Janney on December 20, 2023, Donegal Group Inc [DGICA] has been a Neutral and the price target has been revised to $15. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of November 01, 2017, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for DGICA. Earlier on October 31, 2017, Boenning & Scattergood upgraded its rating. Their new recommendation was “an Outperform” for DGICA stock which previously was a “a Neutral”.
Analyzing DGICA Stock Performance
During the last five days, there has been a drop of approximately -4.33%. Over the course of the year, Donegal Group Inc shares have dropped approximately -4.33%. Shares of the company reached a 52-week high of $15.60 on 01/02/25 and a 52-week low of $14.66 on 01/08/25. A 50-day SMA is recorded $15.82, while a 200-day SMA reached $14.42. Nevertheless, trading volume fell to 74339.0 shares from 79400.0 shares the previous day.
Support And Resistance Levels for Donegal Group Inc (DGICA)
According to the 24-hour chart, there is a support level at 14.69, which, if violated, would cause prices to drop to 14.59. In the upper region, resistance lies at 14.87. The next price resistance is at 14.95. RSI (Relative Strength Index) is 28.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 91.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
