Fannie Mae, Freddie Mac shares tumble after conservatorship comments
William Daniel Delamater, EVP and Chief Operating Officer of Donegal Group Inc (NASDAQ:DGICA), recently reported a significant stock sale. On May 23, 2025, Delamater sold 8,696 shares of Class A Common Stock at an average price of $19.779 per share, totaling approximately $171,998. Following this transaction, Delamater’s direct ownership in the company decreased to 1,495 shares. The insurance company, currently valued at $725 million, has shown remarkable performance with a 59% return over the past year. According to InvestingPro analysis, the company maintains a "GREAT" financial health score.
In a related move, Delamater exercised options to acquire 8,696 shares at $14.39 per share on the same day. Despite the acquisition, the net effect of these transactions resulted in a reduced number of shares held by Delamater. The company maintains a strong dividend track record with a current yield of 3.7%. For deeper insights into insider trading patterns and comprehensive analysis, investors can access detailed reports through InvestingPro, which offers exclusive research on over 1,400 US stocks.
In other recent news, Donegal Group reported its financial results for the first quarter of 2025, highlighting a strong earnings performance. The company’s earnings per share (EPS) reached $0.72, significantly surpassing the forecast of $0.3493, despite a revenue miss. Revenue for the quarter was $247.09 million, falling short of the expected $263.76 million. The company demonstrated improved operational efficiency with a combined ratio of 91.6%, down from 102.4% in the previous year. Net premiums earned increased by 2.2% year-over-year to $232.7 million, while after-tax net income rose substantially to $25.2 million from $6 million in the same quarter last year. Analysts have not provided any recent upgrades or downgrades, but the company continues to focus on systems modernization and commercial lines growth. Donegal Group is preparing for potential economic policy changes that could impact its market strategy. The company maintains a disciplined approach to underwriting and pricing, despite a 1.7% decrease in net premiums written.
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