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Daniel J. Wagner, Senior Vice President and Treasurer at Donegal Group Inc. (NASDAQ:DGICA), a $698.52 million market cap insurance company that has seen its stock surge 53% over the past year, recently executed significant stock transactions. According to InvestingPro analysis, the company appears slightly undervalued at current levels. On May 1, 2025, Wagner sold 21,000 shares of Class A Common Stock at an average price of $19.382 per share, totaling approximately $407,022. This sale leaves Wagner with direct ownership of 23,387 shares of Class A Common Stock.
In addition to the sale, Wagner exercised options to acquire 21,000 shares at a price of $14.43 per share, representing a total transaction value of $303,030. Following these transactions, Wagner’s indirect ownership includes 70,624 shares held through a 401(k) plan and 166 shares of Class B Common Stock.
In other recent news, Donegal Group Inc. 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, marking a 106% positive surprise. Despite this, Donegal Group’s revenue of $247.09 million fell short of expectations by approximately 6.33%. 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 quarter last year. The company’s combined ratio improved to 91.6% from 102.4%, indicating enhanced operational efficiency. Donegal Group continues to focus on systems modernization and commercial lines growth, preparing for potential economic policy changes. Despite facing economic uncertainties, the company maintains a disciplined approach to underwriting and pricing.
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