Donegal Group (NASDAQ:DGICA) Major Shareholder Purchases $138,359.01 in Stock

11 May 2026, 09:18 by Renee Jackson · The Cerbat Gem

Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) major shareholder Mutual Insurance Co Donegal acquired 8,077 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $17.13 per share, with a total value of $138,359.01. Following the purchase, the insider directly owned 13,971,281 shares in the company, valued at $239,328,043.53. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Thursday, May 7th, Mutual Insurance Co Donegal bought 8,500 shares of Donegal Group stock. The shares were bought at an average cost of $17.06 per share, for a total transaction of $145,010.00.
On Tuesday, May 5th, Mutual Insurance Co Donegal purchased 8,500 shares of Donegal Group stock. The stock was bought at an average price of $16.50 per share, with a total value of $140,250.00.
On Tuesday, March 3rd, Mutual Insurance Co Donegal purchased 9,000 shares of Donegal Group stock. The stock was bought at an average cost of $17.63 per share, with a total value of $158,670.00.

Donegal Group Price Performance

Shares of NASDAQ DGICA opened at $17.21 on Monday. The firm’s 50-day moving average price is $17.28 and its 200-day moving average price is $18.64. Donegal Group, Inc. has a 1-year low of $16.11 and a 1-year high of $21.12. The firm has a market capitalization of $636.82 million, a P/E ratio of 9.61 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 (NASDAQ:DGICA – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $236.00 million for the quarter, compared to the consensus estimate of $247.83 million. Donegal Group had a return on equity of 10.41% and a net margin of 6.77%. Equities research analysts anticipate that Donegal Group, Inc. will post 1.6 earnings per share for the current fiscal year.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 4.5%. This is a boost from Donegal Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, May 1st. Donegal Group’s payout ratio is 43.02%.

Analysts Set New Price Targets

DGICA has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donegal Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods reduced their price target on shares of Donegal Group from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Donegal Group has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Read Our Latest Stock Report on DGICA

Institutional Trading of Donegal Group

Several institutional investors have recently made changes to their positions in DGICA. State of Alaska Department of Revenue purchased a new stake in shares of Donegal Group in the third quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in Donegal Group by 576.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 2,341 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Donegal Group by 79.1% during the third quarter. Versant Capital Management Inc now owns 3,009 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 1,329 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Donegal Group by 422.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the insurance provider’s stock worth $74,000 after purchasing an additional 2,975 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in 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 buying an additional 3,513 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

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.