NEW YORK ( TheStreet) -- Donegal Group (Nasdaq: DGICA) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

Donegal Group Inc., through its subsidiaries, provides personal and commercial lines of property and casualty insurance products to businesses and individuals in the United States. The company has a P/E ratio of 21.4, below the average insurance industry P/E ratio of 22.5 and below the S&P 500 P/E ratio of 22.6. Donegal Group has a market cap of $252.7 million and is part of the financial sector and insurance industry. Shares are down 12.1% year to date as of the close of trading on Friday.

You can view the full Donegal Group Ratings Report or get investment ideas from our investment research center.
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