In a notable surge, Donegal Group (NASDAQ:DGICA) Inc. Class B (DGICB) stock has reached a 52-week high, trading at $17.41. According to InvestingPro data, the stock has delivered impressive returns with a 28.2% gain over the past six months and a 15.52% increase year-to-date. This peak reflects a significant uptrend for the insurance company, which has seen its stock value climb by an impressive 22.84% over the past year. Investors have shown increased confidence in Donegal Group’s performance and prospects, propelling the stock to this new high. The company maintains a healthy 3.85% dividend yield and has raised its dividend for 24 consecutive years, as highlighted by InvestingPro’s analysis, which indicates the stock is currently undervalued. The company’s strategic initiatives and robust financial results have contributed to the positive sentiment, rewarding shareholders with substantial gains. Trading at a P/E ratio of 12.11, the stock shows promising value metrics. Discover more insights with InvestingPro’s comprehensive research report, featuring detailed analysis of DGICB among 1,400+ top US stocks.
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