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MARIETTA, Pa.—Jeffery Tim Hay, Senior Vice President of Donegal Group Inc (NASDAQ:DGICA), recently executed a series of transactions involving the company’s Class A Common Stock. The insurance company, currently valued at $727 million, has seen its shares surge 56% over the past year and trades near its 52-week high of $20.51. On May 13, Hay sold 346 shares at a price of $20.008 each, generating a total of $6,922. Following this sale, Hay’s direct ownership stands at 6,112 shares. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value calculations, with the company maintaining dividend payments for 24 consecutive years.
In a related transaction on the same day, Hay acquired 346 shares through an option exercise at $14.07 per share. This acquisition, valued at $4,868, increased his holdings to 9,572 shares before the subsequent sale.
These transactions reflect Hay’s ongoing management of his investment in Donegal Group, where he holds a significant role.
In other recent news, Donegal Group Inc. reported a strong performance for the first quarter of 2025, with earnings per share (EPS) reaching $0.72, significantly surpassing the forecast of $0.3493. Despite this impressive earnings result, the company’s revenue of $247.09 million fell short of the expected $263.76 million, indicating challenges in meeting sales targets. The company saw a 2.2% increase in net premiums earned, amounting to $232.7 million, while the after-tax net income rose substantially to $25.2 million from $6 million in the same quarter the previous year. The combined ratio improved to 91.6% from 102.4%, showcasing enhanced operational efficiency.
The company’s stock rose by 5.55% following the earnings announcement, reflecting investor confidence in the strong operational metrics despite the revenue miss. Donegal Group continues to focus on systems modernization and commercial lines growth while maintaining stable personal lines premium levels. The company is also preparing for potential economic policy changes that could impact its market strategy. CEO Kevin Burke expressed satisfaction with the record earnings level achieved, attributing it to positive momentum and strategic initiatives. Economic uncertainties, including tariff policies, remain a concern for future growth, as noted by the company’s executives.
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