On October 31, 2024, Kristi Altshuler, Senior Vice President of Donegal Group Inc (DGICA, Financial), executed a sale of 20,000 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 0 shares of the company. The shares were sold at a price of $15.5 per share.
Donegal Group Inc (DGICA, Financial) is involved in the insurance industry, primarily offering personal and commercial property and casualty insurance products. The company operates across multiple regions in the United States, providing a range of insurance solutions to meet the needs of its diverse clientele.
The transaction has altered the insider's stake in Donegal Group Inc significantly, reducing it to zero. Over the past year, the insider has sold a total of 20,000 shares and has not made any purchases.
The insider transaction history for Donegal Group Inc shows a pattern of more insider buys than sells over the past year, with 16 insider buys and 7 insider sells.
Shares of Donegal Group Inc were trading at $15.5 on the day of the transaction, giving the company a market cap of approximately $507.717 million. The price-earnings ratio of the company stands at 20.05, which is above both the industry median and the company’s historical median.
According to the GF Value, the intrinsic value of Donegal Group Inc is estimated at $15.92 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.97.
This sale could be of interest to investors tracking insider activities as an indicator of confidence levels in the company's future prospects, especially considering the insider now holds no shares in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
