Donegal Group price target lowered to $19.50 from $21 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Donegal Group (DGICA) to $19.50 from $21 and keeps a Market Perform rating on the shares. The firm assumes slower premium and NII growth, higher large fire losses and expenses, and smaller reserve releases, partly offset by lower core and 2027E weather-related loss reserves, the analyst tells investors in a research note.