Donegal Group Inc
Change company Symbol lookup
Select an option...
DGICB Donegal Group Inc
SBUX Starbucks Corp
MRDY Mobile Ready Entertainment Corp
MANT ManTech International Corp
LXFR Luxfer Holdings PLC
SYZLF Sylogist Ltd
BSX Boston Scientific Corp
PNGAY Ping An Insurance Group Co of China Ltd
GLOP GasLog Partners LP
AGNC Agnc Investment Corp

Financials : Insurance | Small Cap Value
Company profile

Donegal Group Inc. (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance. The Company offered its insurance business to various businesses and individuals in 21 Mid-Atlantic, Midwestern, New England and Southern states, as of December 31, 2016. It has three segments: investment function, personal lines of insurance and commercial lines of insurance. Its insurance operations include two segments: personal lines of insurance and commercial lines of insurance. The personal lines of insurance, which its insurance subsidiaries write consists of private passenger automobile and homeowners insurance. The commercial lines of insurance, which its insurance subsidiaries write consists of commercial automobile, commercial multi-peril and workers' compensation insurance.

Day's Change
0.05 (0.32%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 971 shares is on pace to be much greater than DGICB's 10-day average volume of 1,234 shares.


Playboy is getting into the NFT market with plans to create digital art from its own photography

1:52 pm ET April 7, 2021 (MarketWatch)

Ciara Linnane

'This should be just the initial step for PLBY in executing on a long-term, sustainable NFT strategy,' analyst says

A new partnership between Playboy and Nifty Gateway offers the iconic brand an initial foothold in the market for Nonfungible Tokens, or NFTs, the new art form that has ballooned in popularity in the past year, according to a Canaccord Genuity analyst.

Playboy (PLBY) is partnering with Nifty, a platform that allows people to buy, sell and store digital art and collectibles, in a blockchain-powered marketplace. The company was founded in 2018 by Duncan and Griffin Cock Foster and then sold to cryptocurrency exchange Gemini Trust Company LLC, in 2019 (

The partnership will be launched in the second quarter with two drops, original works by digital collage artist Slimesunday that will be developed in cooperation with Playboy's editorial and archival curators, and a Pride-themed curation in June with digital artist Blake Kathryn, Playboy and Nifty said in a joint statement.

Boston-based Slimesunday has become the sixth highest earning artist in the NFT space. Kathryn is a visual artist based in Los Angeles.

Read: Opinion: I'm planning to retire early -- and rich -- thanks to NFTs (%C2%A0I%E2%80%99m planning to retire early %E2%80%94 and rich %E2%80%94 thanks to NFTs)

Longer term, the partners will focus on three areas: artist collaborations with Playboy's art and photography archive; an effort to incubate and commission new NFT works with grants that aim to support emerging and under-represented artists; and the curation and sale of Playboy's own art collection in NFT form.

NFTs are intended to be unique and are not meant to serve as a means of exchange. Fungibility refers to the interchangeability of one unit of a thing for another.

John Watkinson, one of the forefathers of what is widely viewed as one of the earliest NFTs, told MarketWatch in a recent interview t ( NFTs should be considered a "digital cryptographic token that represents something...a piece of art, or a collectible, rather than a generic currency."

Read now: What is an NFT? A Beeple NFT just sold on Christie's for nearly $70 million, highlighting craze for cryptos (

Playboy cast its entrance into the new space as a natural development given it has long offered artists and writers a place to express themselves, naming such luminaries as Andy Warhol, Picasso, Keith Haring and Salvador Dalí as examples who have featured in its flagship publication.

Playboy's archives "contain an immense wealth of original artwork, photography, cartoons, interviews, and multimedia ripe for exploration by digital audiences, art lovers and collectors," said the company.

"This should be just the initial step for PLBY in executing on a long-term, sustainableNFT strategy," Canaccord analyst Austin Moldow wrote in a note to clients.

"While there is a lot of buzz around non-fungible tokens at the moment,their real 2021 P&L contribution for PLBY we think will likely be minimal, but theunpredictable nature, particularly in asset pricing, makes it difficult to forecast. NFTsales have not been baked into our 2021 estimates, but we will make adjustmentsaccordingly through the year and it's possible NFTs could drive upside."

Original works will be monetized on an 80% to 20% split between Playboy and Nifty, and Playboy will pay a revenue share to the artist from its 80% share, said Moldow.

Subsequent marketplace sales will include a 10% fee to Playboy for all future resales, also with a revenue share for the artist.

"We believe the Nifty Gateway partnership is just the first step in a much longer-term NFT strategy to accelerate the company's pace toward its five-year target," he wrote. "Over time, we expect PLBY's NFT operation to be managed closer to the company's growing owned & operated, direct-to-consumer portfolio."

The recent boom in NFTs, which kicked off back in 2017, has seen a number of prominent investors and celebrities attempt to benefit from the craze.

Recently, Jack Dorsey, who is the CEO of Square SQ, 4.33% ( and TwitterTWTR, 1.94% (, auctioned off his first tweet as an NFT. The NBA's Top Shot, an online-only marketplace where users can buy, sell and trade digitized NBA highlights as they would sports trading cards and other memorabilia, has recorded over $200 million ( in transactions in the five months since its launch.

Read: 'Obviously, we had no idea it was going to get here,' say the guys who made the first NFT (

Playboy has recently returned to public markets after about 11 years as a private company, using the route of merging with special purpose acquisition corporation Mountain Crest Acquisition Corp., in a deal that closed earlier this year. The stock is trading on Nasdaq, under the new ticker "PLBY."

Don't miss: What is NBA Top Shot? Everything you need to know about the digital asset with over $230 million in transactions (

Playboy is a very different company today from what it was during the peak years of the 1960s and 1970s, and has shut down most of its legacy media businesses. The company today focuses on four categories: sexual wellness, including products such as condoms; style and apparel; gaming and lifestyle; and beauty and grooming.

For more, don't miss: You can soon buy Playboy stock again as iconic brand returns to public markets using a pandemic-era favorite path (

Playboy shares were down 16% Wednesday, but are up 121% in the year to date, while the S&P 500 has gained 7%.

Additional reporting by Mark DeCambre

-Ciara Linnane; 415-439-6400;


(END) Dow Jones Newswires

April 07, 2021 13:52 ET (17:52 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.