Fannie Mae, Freddie Mac shares tumble after conservatorship comments
On May 15, Barry C. Huber, a director at Donegal Group Inc. (NASDAQ:DGICA), executed a series of stock transactions, according to a recent SEC filing. Huber sold 9,000 shares of Class A Common Stock at a price of $20.226 per share, totaling $182,034. The transaction occurred as DGICA trades near its 52-week high of $20.51, with the stock showing remarkable strength, gaining over 56% in the past year.
In addition to the stock sale, Huber also exercised options to acquire 9,000 shares of Class A Common Stock at prices ranging from $14.39 to $14.43 per share. Following these transactions, Huber’s direct ownership of Donegal Group shares stands at 15,367 shares. According to InvestingPro analysis, DGICA appears fairly valued at its current market cap of $733 million, with the stock showing low correlation to market movements (Beta: -0.02). For deeper insights into insider trading patterns and 12 additional ProTips, consider exploring InvestingPro’s comprehensive analysis tools.
In other recent news, Donegal Group Inc. reported a strong financial performance for the first quarter of 2025, with earnings per share reaching $0.72, significantly surpassing the forecasted $0.3493. Despite this, the company faced a revenue shortfall, reporting $247.09 million, which missed expectations by approximately 6.33%. The company’s net premiums earned increased by 2.2% year-over-year to $232.7 million, while after-tax net income rose to $25.2 million from $6 million in the same period last year. The combined ratio, a key measure of underwriting profitability, improved to 91.6% from 102.4%, indicating enhanced operational efficiency. Analysts have not provided any recent upgrades or downgrades for Donegal Group, but the company’s focus on systems modernization and commercial lines growth remains evident. Economic uncertainties and competitive pressures in the market are noted as potential challenges for future growth. Despite these challenges, Donegal Group continues to implement strategic initiatives aimed at maintaining growth and profitability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.