Donegal Group (NASDAQ:DGICA) Major Shareholder Buys 9,700 Shares

August 22, 2026 by InsiderTrades.com

Key Points

Mutual Insurance Co Donegal purchased 9,700 Donegal Group shares at an average price of $18.61, increasing its ownership by 0.07% to 14.18 million shares. The transaction follows several other purchases by the major shareholder.
Donegal Group reported quarterly earnings of $0.53 per share, exceeding analysts’ $0.42 estimate, while revenue of $241.12 million also topped expectations.
DGICA shares opened at $18.67, with a market capitalization of $1.23 billion. The company pays a $0.1925 quarterly dividend, equivalent to a 4.1% annualized yield, and 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 9,700 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $18.61 per share, with a total value of $180,517.00. Following the completion of the transaction, the insider directly owned 14,184,391 shares of the company's stock, valued at $263,971,516.51. This trade represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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, August 20th, Mutual Insurance Co Donegal purchased 9,815 shares of Donegal Group stock. The shares were bought at an average cost of $18.66 per share, for a total transaction of $183,147.90.
On Monday, August 17th, Mutual Insurance Co Donegal acquired 10,000 shares of Donegal Group stock. The stock was bought at an average cost of $18.52 per share, with a total value of $185,200.00.
On Thursday, August 6th, Mutual Insurance Co Donegal bought 18,000 shares of Donegal Group stock. The stock was bought at an average price of $19.67 per share, for a total transaction of $354,060.00.
On Friday, June 12th, Mutual Insurance Co Donegal bought 9,682 shares of Donegal Group stock. The shares were bought 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 bought at an average cost of $17.56 per share, with a total value of $173,844.00.
On Wednesday, June 3rd, Mutual Insurance Co Donegal purchased 10,000 shares of Donegal Group stock. The stock was bought at an average cost 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, 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 purchased at an average price of $16.98 per share, with a total value of $144,330.00.
On Tuesday, May 26th, Mutual Insurance Co Donegal purchased 8,500 shares of Donegal Group stock. The shares were purchased at an average cost of $17.33 per share, for a total transaction of $147,305.00.

Donegal Group Price Performance

DGICA stock opened at $18.67 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of 9.67 and a beta of -0.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The firm's fifty day moving average is $18.71 and its 200 day moving average is $17.90. Donegal Group, Inc. has a one year low of $16.11 and a one year high of $21.06.

Donegal Group (NASDAQ:DGICA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.11. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. The company had revenue of $241.12 million during the quarter, compared to analysts' expectations of $231.53 million. On average, research analysts forecast that Donegal Group, Inc. will post 1.75 EPS for the current year.

Donegal Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.1925 per share. The ex-dividend date was Friday, July 31st. This represents a $0.77 dividend on an annualized basis and a yield of 4.1%. Donegal Group's dividend payout ratio is currently 39.90%.

Institutional Investors Weigh In On Donegal Group

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Donegal Group by 139.8% during the first quarter. AQR Capital Management LLC now owns 39,413 shares of the insurance provider's stock valued at $774,000 after acquiring an additional 22,978 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Donegal Group by 7.9% in the first quarter. Goldman Sachs Group Inc. now owns 109,791 shares of the insurance provider's stock worth $2,155,000 after acquiring an additional 8,004 shares during the last quarter. Empowered Funds LLC increased its position in shares of Donegal Group by 1.9% during the first quarter. Empowered Funds LLC now owns 91,814 shares of the insurance provider's stock worth $1,802,000 after purchasing an additional 1,696 shares in the last quarter. Jane Street Group LLC acquired a new position in Donegal Group in the 1st quarter valued at $689,000. Finally, Rhumbline Advisers lifted its holdings in Donegal Group by 22.3% in the 2nd quarter. Rhumbline Advisers now owns 32,824 shares of the insurance provider's stock valued at $657,000 after purchasing an additional 5,981 shares in the last quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on DGICA shares. Keefe, Bruyette & Woods boosted their price objective on Donegal Group from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Donegal Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

View Our Latest Stock Report on Donegal Group

About Donegal Group

(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.