Donegal group director sells $202,310 in inventory

Moore Sewell Trezevant Jr, a director at Donegal Group Inc. (NASDAQ:DGICA), a $553 million market cap insurance coverage firm with a powerful 24-year dividend progress monitor document, not too long ago bought shares of the corporate, in keeping with a submitting with the Securities and Change Fee. On December 13, Trezevant bought 12,500 shares of Class A Widespread Inventory at a mean worth of $16.1848, totaling roughly $202,310.

The transactions additionally concerned the train of choices, the place Trezevant acquired 4,500 shares at $14.98 every and eight,000 shares at $15.80 every, amounting to a mixed complete of $193,810. Following these transactions, Trezevant holds 25,655 shares of Class A Widespread Inventory instantly.

In different current information, Donegal Group has introduced important developments. The corporate disclosed director Scott A. Berlucchi’s upcoming retirement on the 2025 annual stockholders assembly, as per a current submitting with the Securities and Change Fee. Berlucchi’s choice was not on account of any disagreements with Donegal Group’s operations, insurance policies, or practices. The corporate has not but introduced a successor or offered particulars concerning potential adjustments to the board’s composition following Berlucchi’s departure.

Within the monetary sphere, Donegal Group reported a internet earnings of $16.8 million, or $0.51 per Class A share, in its Third Quarter 2024 Earnings Name, regardless of dealing with $6 million in pre-tax disaster losses on account of Hurricane Helene. The corporate’s internet premiums earned rose by 6% to $238 million, with a major enchancment within the mixed ratio to 96.4%. This progress comes as Donegal Group continues its strategic give attention to small enterprise progress, software program enhancements, and geographic diversification.

Donegal Group additionally accomplished strategic exits from industrial insurance policies in Georgia and Alabama, with plans for software program enhancements to enhance coverage administration set for January 2025. Analyst notes point out that Donegal Group is aligning methods for progress throughout areas with a cohesive marketing strategy for 2025, specializing in disciplined expense discount to enhance the expense ratio by two factors by the top of 2025. These are a few of the current developments at Donegal Group.

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