On November 5, 2024, William Delamater, EVP & Chief Operating Officer of Donegal Group Inc (DGICA, Financial), executed a sale of 10,000 shares of the company at a price of $15.31 per share. This transaction was filed with the SEC and can be found in detail in the SEC Filing. Following this transaction, the insider now owns 1,379 shares of Donegal Group Inc.
Donegal Group Inc 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.
Over the past year, the insider transaction history at Donegal Group Inc shows a pattern of 19 insider buys and 10 insider sells. The recent sale by William Delamater is part of a broader trend observed within the company's insider trading activities.
Shares of Donegal Group Inc were trading at $15.31 on the day of the transaction, positioning the company with a market cap of approximately $516.41 million. The price-earnings ratio of the stock stands at 20.68, which is above both the industry median of 11.38 and the historical median for the company.
The stock's valuation according to the GF Value is $15.93, indicating a price-to-GF-Value ratio of 0.96. This suggests that Donegal Group Inc is currently Fairly Valued.
The GF Value is a proprietary measure used to determine the fair value of a stock, taking into account historical trading multiples, adjustments based on the company's past performance, and future business expectations.
This recent insider sale might be of interest to current and potential investors, providing insights into the perspectives of high-level executives within Donegal Group Inc regarding the company's stock value and future prospects.
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.
