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

Published on Fri, 02/27/2015 - 13:18
By Robert Cotter in Market movers, DGICA, donegal group, market movers, nasdaq:dgica

Donegal Group (NASDAQ:DGICA) is one of today's notable stocks on the rise, up 1.0% to $15.43. The S&P is currently trading fractionally lower to 2,110 and the Dow Jones Industrial Average is trading fractionally lower to 18,185.

Donegal Group has overhead space with shares priced $15.43, or 9.2% below the average consensus analyst price target of $17.00. The stock should run into initial resistance at its 200-day moving average (MA) of $15.53 and subsequent resistance at its 50-day MA of $15.95.

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 $13.88 and a high of $16.47 and are now at $15.43, 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

By Robert Cotter
rcotter@fnno.com

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