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Jeffrey Dean Miller, the Executive Vice President and Chief Financial Officer of Donegal Group Inc. (NASDAQ:DGICA), executed a significant stock transaction on May 12, 2025. Miller sold 24,000 shares of Class A Common Stock at an average price of $19.834 per share, totaling approximately $476,016. The transaction occurs as DGICA trades near its 52-week high of $20.51, having delivered an impressive 57.25% return over the past year.
In addition to the sale, Miller exercised options to acquire 24,000 shares of Class A Common Stock at a price of $14.43 per share. Following these transactions, Miller holds 23,980 shares directly. Indirectly, he maintains ownership of 39,735 shares of Class A Common Stock and 478 shares of Class B Common Stock through a 401(k) plan. Additionally, he directly owns 106 shares of Class B Common Stock. For deeper insights into insider transactions and comprehensive financial analysis, InvestingPro subscribers can access detailed reports and metrics.
These transactions are part of Miller’s ongoing management of his holdings in Donegal Group, a company known for its insurance services. The company, with a market capitalization of $717 million, maintains a healthy 3.69% dividend yield and has raised its dividend for 24 consecutive years, demonstrating strong financial discipline. InvestingPro analysis shows the company’s overall financial health score as GREAT, with 12 additional key insights available to subscribers.
In other recent news, Donegal Group Inc. reported a strong performance in its Q1 2025 financial results, with earnings per share (EPS) reaching $0.72, significantly exceeding the forecast of $0.3493. Despite this, the company faced a revenue shortfall, reporting $247.09 million against an expected $263.76 million, missing forecasts by approximately 6.33%. The company’s net premiums earned rose by 2.2% year-over-year to $232.7 million, and after-tax net income increased notably to $25.2 million from $6 million in the same quarter last year. Operational efficiency was highlighted by an improved combined ratio of 91.6%, down from 102.4% the previous year. Analysts from various firms have noted Donegal Group’s strategic focus on systems modernization and commercial lines growth, which may influence future performance. The company remains vigilant regarding economic uncertainties, particularly those related to tariff policies that could impact market strategy. Donegal Group’s strong earnings performance has been positively received by investors, as reflected in the recent stock price increase.
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