Donegal Group (NASDAQ:DGICA) Major Shareholder Buys $170,596.84 in Stock

June 16, 2026 by InsiderTrades.com

Key Points

Donegal Group major shareholder Mutual Insurance Co Donegal bought 9,682 shares for about $170,596.84 at an average price of $17.62, lifting its stake to 14.14 million shares.
The shareholder has been actively accumulating DGICA stock in recent weeks, with multiple purchases disclosed in SEC filings at prices mostly in the $16.62 to $17.56 range.
Donegal Group’s stock was trading around $17.34 after a recent decline, while the company also reported Q1 earnings and revenue below expectations and increased its quarterly dividend to $0.1925 per share.

Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 9,682 shares of the firm's stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $17.62 per share, for a total transaction of $170,596.84. Following the acquisition, the insider owned 14,136,691 shares in the company, valued at approximately $249,088,495.42. The trade was a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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Mutual Insurance Co Donegal also recently made the following trade(s):

On Thursday, June 11th, Mutual Insurance Co Donegal bought 9,900 shares of Donegal Group stock. The stock was acquired at an average cost of $17.56 per share, for a total transaction of $173,844.00.
On Wednesday, June 3rd, Mutual Insurance Co Donegal bought 10,000 shares of Donegal Group stock. The stock was acquired at an average cost of $16.62 per share, for a total transaction of $166,200.00.
On Monday, June 1st, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $16.76 per share, for a total transaction of $142,460.00.
On Thursday, May 28th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $16.98 per share, for a total transaction of $144,330.00.
On Tuesday, May 26th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $17.33 per share, for a total transaction of $147,305.00.
On Friday, May 22nd, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $17.40 per share, for a total transaction of $147,900.00.
On Wednesday, May 20th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $17.43 per share, for a total transaction of $148,155.00.
On Tuesday, May 19th, Mutual Insurance Co Donegal bought 8,328 shares of Donegal Group stock. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $145,573.44.
On Monday, May 18th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $17.33 per share, for a total transaction of $147,305.00.
On Friday, May 15th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The stock was acquired at an average cost of $17.16 per share, for a total transaction of $145,860.00.

Donegal Group Stock Down 1.5%

Shares of NASDAQ DGICA opened at $17.34 on Tuesday. The firm has a market capitalization of $642.45 million, a PE ratio of 9.69 and a beta of 0.01. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. Donegal Group, Inc. has a 1 year low of $16.11 and a 1 year high of $21.06. The firm's 50-day moving average is $17.26 and its 200-day moving average is $18.23.

Donegal Group (NASDAQ:DGICA - Get Free Report) last issued its earnings results on Thursday, April 30th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $247.83 million. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%. Equities analysts expect that Donegal Group, Inc. will post 1.75 EPS for the current year.

Donegal Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.1925 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from Donegal Group's previous quarterly dividend of $0.18. Donegal Group's dividend payout ratio is 43.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DGICA. Weiss Ratings downgraded shares of Donegal Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods cut their price target on shares of Donegal Group from $19.00 to $18.00 and set a "market perform" rating on the stock in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Donegal Group presently has an average rating of "Hold" and a consensus price target of $18.00.

Read Our Latest Stock Analysis on DGICA

Institutional Trading of Donegal Group

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Donegal Group by 576.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the insurance provider's stock valued at $55,000 after acquiring an additional 2,341 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Donegal Group by 422.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the insurance provider's stock valued at $74,000 after acquiring an additional 2,975 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Donegal Group by 31.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 3,733 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 896 shares during the period. IFP Advisors Inc raised its position in shares of Donegal Group by 1,377.6% in the 4th quarter. IFP Advisors Inc now owns 3,768 shares of the insurance provider's stock valued at $75,000 after acquiring an additional 3,513 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Donegal Group by 443.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the insurance provider's stock worth $99,000 after buying an additional 4,022 shares during the period. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Donegal Group Company Profile

(Get Free Report)

Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company's origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.