Donegal group Sr. vice president sells shares worth $334,981

Published 15/05/2025, 16:36
Donegal group Sr. vice president sells shares worth $334,981

In recent transactions reported by Donegal Group Inc. (NASDAQ:DGICA), Senior Vice President William Albert Folmar executed a series of trades involving the company’s Class A Common Stock. On May 13 and 14, 2025, Folmar sold a total of 16,850 shares, yielding approximately $334,981. The sale prices ranged from $19.816 to $19.902 per share, close to the stock’s current trading price of $20.05 and near its 52-week high of $20.51. According to InvestingPro analysis, the company’s stock appears slightly undervalued at current levels.

These transactions followed the exercise of options, where Folmar acquired 16,850 shares at a price of $14.39 each, totaling approximately $242,471. After these transactions, Folmar’s direct ownership stands at 950 shares of Class A Common Stock. The timing of these trades coincides with Donegal Group’s strong performance, with the stock delivering a 56% return over the past year and maintaining 25 consecutive years of dividend payments. InvestingPro subscribers can access 10+ additional exclusive insights about DGICA’s financial health and growth prospects through detailed Pro Research Reports.

In other recent news, Donegal Group Inc. reported its financial results for the first quarter of 2025, highlighting a strong earnings performance. The company achieved an earnings per share (EPS) of $0.72, significantly exceeding analysts’ expectations of $0.3493, marking a 106% positive surprise. Despite this impressive earnings result, Donegal’s revenue of $247.09 million fell short of the forecasted $263.76 million, indicating challenges in meeting sales targets. Net premiums earned increased by 2.2% year-over-year to $232.7 million, while after-tax net income rose to $25.2 million from $6 million in the same quarter the previous year. The combined ratio, a key measure of underwriting performance, improved to 91.6% from 102.4%, reflecting enhanced operational efficiency. Donegal Group’s strategic initiatives and disciplined action plans have contributed to the company’s improved financial results, with a focus on systems modernization and commercial lines growth. The company continues to navigate potential economic policy changes that could impact its market strategy. Despite these uncertainties, Donegal Group remains committed to maintaining stable personal lines premium levels while pursuing growth in commercial lines.

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