Progressive shares fall as Q3 earnings, revenue miss expectations
Donegal Mutual Insurance Co. purchased shares of Donegal Group Inc (NASDAQ:DGICA) in two transactions valued at $735,709. The purchases of Class A Common Stock were executed at prices ranging from $19.1021 to $19.2379. The insurance company, currently valued at $690.67 million, has demonstrated strong market performance with a 32% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score and has consistently raised its dividend for 24 consecutive years, currently yielding 3.79%.
On September 8, 2025, Donegal Mutual acquired 19,025 shares. The following day, September 9, 2025, the company bought an additional 19,352 shares. Following these transactions, Donegal Mutual Insurance Co. directly owns 13,598,006 shares of Class A Common Stock and 4,708,570 shares of Class B Common Stock of Donegal Group Inc. Trading at an attractive P/E ratio of 7.15, DGICA is one of 1,400+ US stocks covered by comprehensive InvestingPro Research Reports, offering detailed analysis for informed investment decisions.
In other recent news, Donegal Group reported its second-quarter 2025 earnings, showing an earnings per share (EPS) of $0.43. This figure surpassed analysts’ expectations of $0.3919 by 9.72%. Despite this positive earnings surprise, the company reported revenue of $233.81 million, falling short of the anticipated $253.48 million, marking a 7.76% miss. These results highlight a mixed performance for Donegal Group, with strong earnings but weaker-than-expected revenue. Additionally, there are no updates regarding any mergers or acquisitions involving the company. Analyst firms have not recently upgraded or downgraded Donegal Group’s stock. These developments provide investors with crucial insights into the company’s current financial standing.
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