The financial services sector 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 a small-cap insurance – property & casualty firm named Donegal Group Inc. It’s trading ticker symbol is DGICB.
Donegal Group Inc is a US-based insurance holding company offering personal and commercial lines of property and casualty insurance to businesses and individuals. It products include protection against automobile accidents, theft and other events.
It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.
The company offers private passenger automobile policies; homeowners policies; commercial automobile policies; commercial multi-peril policies; and workers’ compensation policies.
Donegal Group Inc., through its interest in Donegal Financial Services Corporation, also operates a savings bank.
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 or fund like Donegal Group Inc.:
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.
DGICB Price
Donegal’s price per share was $13.70 at yesterday’s market close. A year ago its price was $13.85 for a price slump of $0.15 per share.
Assuming Donegal’s price will trade in the range of $12 to $16 next year, Donegal’s current $13.70 price could manage a $2.00 gain and grow to $15.70 by early-October, 2019.
