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William Daniel Delamater, Executive Vice President and Chief Operating Officer of Donegal Group Inc. (NASDAQ:DGICA), recently executed a significant transaction involving the company’s Class A Common Stock. According to a recent SEC filing, Delamater sold 12,000 shares on March 4, 2025, at an average price of $17.77 per share, amounting to a total transaction value of approximately $213,255. The transaction comes as DGICA trades near its 52-week high of $18.19, with the stock showing strong momentum, up 36% over the past year. InvestingPro analysis indicates the stock is currently in overbought territory.
In a related transaction, Delamater acquired 12,000 shares through the exercise of options at a price of $14.43 per share. This acquisition, however, was followed by the aforementioned sale, leaving Delamater with 1,495 shares of direct ownership in the company following these transactions. With a market capitalization of $606 million and a P/E ratio of 19.1, DGICA continues to show strong fundamentals. For deeper insights into insider trading patterns and comprehensive financial analysis, including 8 additional ProTips, check out the detailed research available on InvestingPro.
In other recent news, Donegal Group Inc. has introduced a new Annual Executive Incentive Plan, as detailed in a recent SEC filing. This plan, approved by the board of directors and the Compensation Committee, aims to provide bonus opportunities for executive officers based on achieving specific performance goals for the fiscal year 2025. The performance objectives include targets for commercial lines premium growth, statutory combined ratio, and operating return on equity. Additionally, Donegal Group announced the retirement of director Scott A. Berlucchi, who will not seek re-election at the 2025 annual stockholders meeting. Berlucchi will continue to serve on the board until the conclusion of his term at the 2025 annual meeting. His decision to retire was not due to any disagreements with the company’s operations or policies. The company has not yet announced a successor or any changes to the board’s composition following his departure. These developments, reported through SEC filings, reflect Donegal Group’s ongoing commitment to transparency and strategic governance.
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