On October 31, 2024, William Folmar, Senior Vice President of Donegal Group Inc (DGICA, Financial), executed a significant transaction by selling 30,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 927 shares of Donegal Group Inc.
Donegal Group Inc (DGICA, Financial) is an insurance holding company whose subsidiaries offer personal and commercial property and casualty insurance products. The company operates primarily in the Mid-Atlantic, Midwestern, New England, Southern, and Southwestern regions of the United States.
Over the past year, William Folmar has sold a total of 30,000 shares and has not made any purchases of the company's stock. This recent sale aligns with a broader pattern observed within the company, where insider transactions over the past year have included 16 buys and 7 sells.
Shares of Donegal Group Inc were priced at $15.5 on the day of the sale. The company's market cap is approximately $507.717 million. The price-earnings ratio stands at 20.05, which is above both the industry median of 11.095 and the historical median for the company.
According to the GF Value, the intrinsic value estimate for Donegal Group Inc is $15.92 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.97. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments. The transaction details and the company's valuation metrics provide a comprehensive view of Donegal Group Inc's current financial standing and market position.
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.
