CFO Jeffrey Dean Miller sells 85,000 DGICA shares (79% of holdings) for $1.4M on Dec 6; historically well-timed seller at this ticker
Jeffrey Dean Miller, EVP & Chief Financial Officer, sold 85,000 shares of Donegal Group at $16.67, reducing his position from 107.6K to 22.6K shares (79% reduction). The transaction occurred at a price near the 52-week high of $16.78, and the stock currently trades at $16.35 (-2.6% from peak). Notably, Miller's prior sell at DGICA in June 2023 was well-timed: the stock fell 7.2% over 90 days following that sale, and his broader cross-ticker track record shows 100% well-timed rate on sells (1 of 1 prior trades with -8.7% and -7.2% average 90-day returns), indicating a pattern of selling into strength before downturns. The company's latest quarter shows $251.7M in revenue with +9.3% annual growth and $16.8M net income, but the CFO's substantial position reduction warrants monitoring of forward guidance and operational developments.