Donegal Group (NASDAQ:DGICA) Major Shareholder Mutual Insurance Co Donegal Buys 18,000 Shares

August 8, 2026 by InsiderTrades.com

Key Points

Mutual Insurance Co Donegal purchased 18,000 Donegal Group shares at $19.67 each, investing $354,060 and increasing its stake by 0.13% to approximately 14.15 million shares.
Donegal Group beat quarterly earnings expectations, reporting EPS of $0.53 versus the $0.42 consensus and revenue of $241.12 million versus estimates of $231.53 million.
The company declared a quarterly dividend of $0.1925 per share, equivalent to an annualized $0.77 payout and a 4.0% yield; analysts maintain a “Moderate Buy” consensus with a $20 price target.

Donegal Group, Inc. (NASDAQ:DGICA - Get Free Report) major shareholder Mutual Insurance Co Donegal bought 18,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $19.67 per share, with a total value of $354,060.00. Following the completion of the purchase, the insider directly owned 14,154,691 shares in the company, valued at approximately $278,422,771.97. This trade represents a 0.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 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 Friday, June 12th, Mutual Insurance Co Donegal purchased 9,682 shares of Donegal Group stock. The shares were purchased at an average cost of $17.62 per share, for a total transaction of $170,596.84.
On Thursday, June 11th, Mutual Insurance Co Donegal purchased 9,900 shares of Donegal Group stock. The stock was purchased at an average price of $17.56 per share, for a total transaction of $173,844.00.
On Wednesday, June 3rd, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was purchased at an average price of $16.62 per share, with a total value of $166,200.00.
On Monday, June 1st, Mutual Insurance Co Donegal acquired 8,500 shares of Donegal Group stock. The shares were purchased at an average cost of $16.76 per share, with a total value of $142,460.00.
On Thursday, May 28th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were acquired at an average price 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 purchased 8,500 shares of Donegal Group stock. The shares were acquired at an average cost of $17.43 per share, with a total value of $148,155.00.
On Tuesday, May 19th, Mutual Insurance Co Donegal acquired 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 shares were acquired at an average cost of $17.33 per share, with a total value of $147,305.00.

Donegal Group Stock Performance

Shares of Donegal Group stock opened at $19.24 on Friday. The firm has a fifty day moving average of $18.40 and a two-hundred day moving average of $17.90. The stock has a market capitalization of $712.84 million, a price-to-earnings ratio of 9.97 and a beta of -0.01. Donegal Group, Inc. has a 52 week low of $16.11 and a 52 week high of $21.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39.

Donegal Group (NASDAQ:DGICA - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.11. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%.The business had revenue of $241.12 million for the quarter, compared to analyst estimates of $231.53 million. As a group, equities research analysts predict that Donegal Group, Inc. will post 1.75 EPS for the current year.

Donegal Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, July 31st. Donegal Group's payout ratio is presently 39.90%.

Hedge Funds Weigh In On Donegal Group

Several large investors have recently modified their holdings of DGICA. AQR Capital Management LLC boosted its holdings in shares of Donegal Group by 139.8% during the 1st quarter. AQR Capital Management LLC now owns 39,413 shares of the insurance provider's stock worth $774,000 after buying an additional 22,978 shares during the period. Goldman Sachs Group Inc. raised its holdings in Donegal Group by 7.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 109,791 shares of the insurance provider's stock valued at $2,155,000 after acquiring an additional 8,004 shares during the period. Empowered Funds LLC raised its holdings in Donegal Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 91,814 shares of the insurance provider's stock valued at $1,802,000 after acquiring an additional 1,696 shares during the period. Jane Street Group LLC acquired a new stake in Donegal Group during the first quarter worth approximately $689,000. Finally, Rhumbline Advisers boosted its holdings in shares of Donegal Group by 22.3% during the second quarter. Rhumbline Advisers now owns 32,824 shares of the insurance provider's stock worth $657,000 after acquiring an additional 5,981 shares during the period. 27.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

DGICA has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Donegal Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods raised their target price on shares of Donegal Group from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $20.00.

Check Out Our Latest Analysis on DGICA

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.