Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Donegal Group Inc. (NASDAQ:DGICA), a property and casualty insurer with a market capitalization of $716 million and impressive one-year returns of 57%, saw its President and CEO Kevin Gerard Burke sell 27,000 shares of Class A Common Stock on May 12, generating $535,518. The shares were sold at a price of $19.834 each, near the stock’s 52-week high of $20.51. On the same day, Burke acquired 27,000 shares through the exercise of options at $14.43 per share, totaling $389,610. Following these transactions, Burke directly owns 11,672 shares and holds an additional 3,151 shares indirectly through a 401(k) plan. The company, trading at a P/E ratio of 8.7, has maintained dividend payments for 24 consecutive years.For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed InvestingPro research report, which includes 12 additional key insights about DGICA’s financial health and market position.
In other recent news, Donegal Group Inc. reported its financial results for Q1 2025, revealing a strong earnings performance with an earnings per share (EPS) of $0.72, significantly exceeding the forecast of $0.3493. Despite this, the company’s revenue of $247.09 million fell short of the expected $263.76 million, indicating challenges in meeting sales targets. The company’s after-tax net income increased substantially to $25.2 million from $6 million in the same quarter last year, highlighting a significant improvement in profitability. Donegal Group’s combined ratio improved to 91.6% from 102.4%, reflecting enhanced operational efficiency. Net premiums earned rose by 2.2% year-over-year to $232.7 million, although net premiums written decreased by 1.7%. Analysts have not provided any recent upgrades or downgrades for Donegal Group. The company continues to focus on systems modernization and commercial lines growth while preparing for potential economic policy changes that could impact its market strategy.
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