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David Wayne Sponic, Senior Vice President of Donegal Group Inc. (NASDAQ:DGICA), recently sold 418 shares of Class A Common Stock. The shares were sold on May 13 at an average price of $20.008, amounting to a total transaction value of $8,363. Following the sale, Sponic holds 2,006 shares directly. Additionally, he retains 365 shares indirectly through a 401(k) account. The transaction occurred with DGICA trading near its 52-week high of $20.51, with the stock showing strong momentum and trading at a modest P/E ratio of 8.7. InvestingPro analysis indicates the stock is currently fairly valued.
On the same day, Sponic also acquired 418 shares through the exercise of options at a price of $14.39 per share. This acquisition, valued at $6,015, increased his direct holdings to 11,582 shares. With a market capitalization of $727 million and notably low correlation to market movements (Beta: -0.02), DGICA presents unique characteristics. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Donegal Group Inc. reported its Q1 2025 financial results, showcasing a strong earnings performance with an earnings per share (EPS) of $0.72, significantly exceeding the forecast of $0.3493. Despite this, the company faced a revenue shortfall, reporting $247.09 million against expectations of $263.76 million. Net premiums earned rose by 2.2% year-over-year to $232.7 million, while after-tax net income increased notably to $25.2 million from $6 million in the same quarter last year. The company’s combined ratio improved to 91.6% from 102.4%, indicating enhanced operational efficiency. Donegal Group continues to focus on systems modernization and commercial lines growth, 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 ongoing strategic initiatives and disciplined action plans. The company remains vigilant about economic uncertainties, including tariff policies that could affect future growth.
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