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Stock Investors Bid Up Shares of Donegal Group, Up 1.4%

Published on Fri, 02/15/2013 - 13:25
By Peter Chu

Donegal Group (NASDAQ:DGICA), a company whose shares are moving quickly, is trading 1.4% higher to $14.19. The Dow is trading fractionally lower to 13,968 and the S&P is currently trading fractionally lower to 1,520.

Potential upside of 5.7% exists for Donegal Group, based on a current level of $14.19 and analysts' average consensus price target of $15.00. The stock should find initial support at its 200-day moving average (MA) of $13.94 and further support at its 50-day MA of $13.84.

Donegal Group Inc. is an insurance holding company offering property and casualty insurance in Pennsylvania, Delaware, Maryland, Ohio, and Virginia. The Company offers full lines of personal and commercial products, including business owners, commercial peril, automobile, homeowners, boat owners, workers' compensation, and other coverages.

In the past 52 weeks, Donegal Group share prices have been bracketed by a low of $11.22 and a high of $16.00 and are now at $14.19, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

By Peter Chu
pchu@fnno.com