E Daily Stock Pick: Donegal Group

This week, I'm looking for the fourth financial services representative of seven for my Ivy portfolio.

That financial services sector includes six industries all Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

Today I'm reviewing small-cap insurance - property & casualty markets firm named Donegal Group Inc. Its trading ticker symbol is DGICA. I last reported on Donegal Group October 9, 2018, at that time I discussed their other ticker, DGICB.

Donegal Group Inc is a US-based insurance holding company. It offers personal and commercial lines of property and casualty insurance to businesses and individuals.

The company's segments include Investments, Personal lines of insurance, Commercial lines of insurance and Investment in DFSC. The Personal lines products consist primarily of homeowners and private passenger automobile policies. The Commercial lines products of its insurance subsidiaries consist primarily of commercial automobile, commercial multi-peril and workers' compensation policies.

The company markets its insurance products through a network of approximately 2,400 independent insurance agencies.

Donegal Group Inc. was founded in 1986 and is headquartered in Marietta, Pennsylvania. Donegal Group Inc. is a subsidiary of Donegal Mutual Insurance Company.

I use three key data points to gauge the value of any dividend equity-like Donegal Group Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.


Donegal's price per share closed at $13.08 yesterday. A year ago its price was $15.36. The price fell $2.38 or 14.8% in the past year.

Assuming Donegal's stock trades in the range of $12 to $18 this year, Donegal's recent $13.08 price could rise by $1.92 and go to $15.00 by early-April, 2020.

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