DGICANasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31Also trades as DGICB
DONEGAL GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$18.41−0.27 (-1.45%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
43.0%
14M of 32M shares
Institutional holders
153
20 new, 21 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
71 buys · 19 sales
Net bought $11.00M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 1,729,921 | 5.60% | 13G (passive) amendment | Dec 31, 2025 |
| BlackRock, Inc. | 1,607,515 | 5.10% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DGICA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,169,284 | 6.88% | $40.91M | +262,498 | 0.00% |
| Dimensional Fund Advisors LP | 1,809,165 | 5.74% | $34.12M | +71,899 | 0.01% |
| Vanguard Capital Management LLC | 706,706 | 2.24% | $13.33M | −42,449 | 0.00% |
| Geode Capital Management, LLC | 596,546 | 1.89% | $11.25M | +40,594 | 0.00% |
| American Century Companies Inc | 469,881 | 1.49% | $8.86M | +73,902 | 0.00% |
| Old Republic International Corp | 425,500 | 1.35% | $8.03K | – | 0.30% |
| State Street Corp | 406,603 | 1.29% | $7.67M | +14,035 | 0.00% |
| Renaissance Technologies LLC | 359,911 | 1.14% | $6.79M | −32,800 | 0.01% |
| Morgan Stanley | 330,680 | 1.05% | $6.24M | +48,962 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 322,288 | 1.02% | $6.08M | −25,358 | 0.01% |
| CSM Advisors, LLC | 289,040 | 0.92% | $5.45K | +110,960 | 0.12% |
| Arrowstreet Capital, Limited Partnership | 267,074 | 0.85% | $5.04M | −9,163 | 0.00% |
| Goldman Sachs Group Inc | 259,723 | 0.82% | $4.90M | +101,346 | 0.00% |
| Caldwell Sutter Capital, Inc. | 226,439 | 0.72% | $4.27M | +14,136 | 1.61% |
| Logan Capital Management Inc | 223,703 | 0.71% | $4.22M | New | 0.16% |
| Philadelphia Trust Co | 223,650 | 0.71% | $4.22K | −11,950 | 0.27% |
| Wells Fargo & Company/Mn | 217,942 | 0.69% | $4.11M | +7,974 | 0.00% |
| Royce & Associates LP | 209,183 | 0.66% | $3.95M | +11,208 | 0.03% |
| Two Sigma Investments, LP | 197,233 | 0.63% | $3.72M | +19,591 | 0.00% |
| Aqr Capital Management LLC | 170,415 | 0.54% | $3.21M | −1,728 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 153 | 14M | 43.0% | 20 / 71 | 34 / 21 | 2M | 1M |
| Q1 2026 | 156 | 13M | 41.0% | 26 / 41 | 56 / 20 | 2M | 1M |
| Q4 2025 | 153 | 13M | 42.0% | 15 / 60 | 44 / 12 | 1M | 1M |
| Q3 2025 | 150 | 13M | 41.1% | 26 / 45 | 48 / 23 | 1M | 1M |
| Q2 2025 | 147 | 13M | 40.4% | 26 / 62 | 35 / 15 | 2M | 1M |
| Q1 2025 | 139 | 12M | 37.2% | 21 / 46 | 46 / 11 | 1M | 0M |
| Q4 2024 | 131 | 11M | 34.4% | 38 / 49 | 22 / 5 | 1M | 0M |
| Q3 2024 | 99 | 10M | 30.9% | 10 / 31 | 34 / 6 | 2M | 0M |
| Q2 2024 | 96 | 10M | 30.9% | 20 / 35 | 28 / 11 | 0M | 1M |
| Q1 2024 | 88 | 10M | 32.4% | 8 / 27 | 35 / 8 | 1M | 0M |
| Q4 2023 | 88 | 9M | 30.1% | 10 / 27 | 28 / 7 | 1M | 0M |
| Q3 2023 | 85 | 9M | 29.2% | 4 / 29 | 29 / 5 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DGICA | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 568,062 | 1.80% | $10.71M | 0.01% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 548,794 | 1.74% | $10.35M | 0.00% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 382,340 | 1.21% | $7.55M | 0.04% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 375,184 | 1.19% | $6.37M | 0.02% | May 31, 2026 |
| ProShares Russell 2000 Dividend Growers ETF | 356,480 | 1.13% | $6.05M | 0.92% | May 31, 2026 |
| U.S. Targeted Value Portfolio | 269,955 | 0.86% | $5.33M | 0.03% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 197,883 | 0.63% | $3.73M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 193,356 | 0.61% | $3.82M | 0.01% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 174,722 | 0.55% | $3.45M | 0.02% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 167,815 | 0.53% | $3.31M | 0.04% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 166,837 | 0.53% | $3.29M | 0.02% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 136,801 | 0.43% | $2.58M | 0.00% | Jun 30, 2026 |
| Royce Capital Fund - Small-Cap Portfolio | 130,934 | 0.42% | $2.47M | 1.32% | Jun 30, 2026 |
| Fidelity Small-Mid Multifactor ETF | 120,030 | 0.38% | $2.37M | 0.09% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 103,694 | 0.33% | $2.05M | 0.01% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Kevin Gerard Burke | President & Chief Exec Officer, Director | 17,212 | 0.05% | Sep 14, 2026 |
| Jeffrey Dean Miller | EVP & Chief Financial Officer | 69,925 | 0.22% | Sep 14, 2026 |
| David Benjamin Bawel | SVP & CHIEF ACCOUNTING OFFICER | 27,751 | 0.09% | Sep 11, 2026 |
| Vincent Anthony Viozzi | Sr. VP & Chief Inv Officer | 9,094 | 0.03% | Sep 4, 2026 |
| Sanjay Pandey | Sr. VP & Chief Info Officer | 8,697 | 0.03% | Aug 20, 2026 |
| Christina Marie Hoffman | Sr. VP & Chief Risk Officer | 4,655 | 0.01% | Aug 7, 2026 |
| Noland Rone Deas Jr | Senior Vice President | 15,523 | 0.05% | Aug 5, 2026 |
| William Albert Folmar | Sr. Vice President | 999 | 0.00% | Jul 2, 2026 |
| William Daniel Delamater | EVP & Chief Oper Officer | 2,336 | 0.01% | Jul 2, 2026 |
| Jeffery Tim Hay | Senior Vice President | 8,143 | 0.03% | Jul 2, 2026 |
| David Wayne Sponic | Senior Vice President | 2,006 | 0.01% | Jan 2, 2026 |
| Rick Joseph Hecker | SVP & GENERAL COUNSEL | 0 | – | Jan 2, 2026 |
| Kristi Spencer Altshuler | Sr. Vice President | 12,000 | 0.04% | Jan 2, 2026 |
| Daniel J. Wagner | Sr. VP & Treasurer | 105,167 | 0.33% | Nov 14, 2025 |
| Barry Craig Huber | Director | 16,567 | 0.05% | Sep 4, 2026 |
| David Charles King | Director | 12,700 | 0.04% | Aug 5, 2026 |
| Dennis Joseph Bixenman | Director | 20,605 | 0.07% | Aug 5, 2026 |
| Michael Kevin Callahan | Director | 17,708 | 0.06% | Apr 24, 2026 |
| Melissa Ann Veenstra | Director | – | – | Apr 24, 2026 |
| Jack Lee Hess | Director | 122,145 | 0.39% | Feb 20, 2026 |
| Kevin Michael Kraft Sr | Director | 14,636 | 0.05% | Jan 2, 2026 |
| Annette Brookens Szady | Director | 3,700 | 0.01% | Jan 2, 2026 |
| Sewell Trezevant Moore Jr | Director | 29,355 | 0.09% | Jan 2, 2026 |
| Jon Marshall Mahan | Director | 10,688 | 0.03% | Jan 2, 2026 |
| Britta Harris Schatz | Director | 2,200 | 0.01% | Jan 2, 2026 |
| Scott Andrew Berlucchi | Director | 8,897 | 0.03% | Jan 3, 2025 |
| Mutual Insurance Co Donegal | 10% owner | 19,139,102 | 60.68% | Sep 14, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jeffrey Dean Miller EVP & Chief Financial Officer | Sep 11, 2026 | Sale | −21,000 | $19.23 | $403.83K | 27,176 |
| Jeffrey Dean Miller EVP & Chief Financial Officer | Sep 11, 2026 | Option exercise | +21,000 | $14.39 | $302.19K | 48,176 |
| Mutual Insurance Co Donegal 10% owner | Sep 11, 2026 | Buy | +45,000 | $19.23 | $865.35K | 14,387,128 |
| Mutual Insurance Co Donegal 10% owner | Sep 11, 2026 | Buy | +9,725 | $19.25 | $187.21K | 14,342,128 |
| Kevin Gerard Burke President & Chief Exec Officer, Director | Sep 11, 2026 | Sale | −24,000 | $19.23 | $461.52K | 13,870 |
| Kevin Gerard Burke President & Chief Exec Officer, Director | Sep 11, 2026 | Option exercise | +24,000 | $14.39 | $345.36K | 37,870 |
| Mutual Insurance Co Donegal 10% owner | Sep 10, 2026 | Buy | +10,000 | $19.13 | $191.30K | 14,332,403 |
| Mutual Insurance Co Donegal 10% owner | Sep 9, 2026 | Buy | +8,326 | $19.28 | $160.53K | 14,322,403 |
| Mutual Insurance Co Donegal 10% owner | Sep 9, 2026 | Buy | +5,143 | $18.89 | $97.15K | 14,314,077 |
| David Benjamin Bawel SVP & CHIEF ACCOUNTING OFFICER | Sep 9, 2026 | Sale | −8,326 | $19.28 | $160.53K | 22,331 |
| David Benjamin Bawel SVP & CHIEF ACCOUNTING OFFICER | Sep 9, 2026 | Option exercise | +8,326 | $14.39 | $119.81K | 30,657 |
| Mutual Insurance Co Donegal 10% owner | Sep 8, 2026 | Buy | +10,000 | $19.14 | $191.40K | 14,308,934 |
| Mutual Insurance Co Donegal 10% owner | Sep 4, 2026 | Buy | +6,368 | $19.39 | $123.48K | 14,298,934 |
| Mutual Insurance Co Donegal 10% owner | Sep 3, 2026 | Buy | +9,595 | $19.53 | $187.39K | 14,292,566 |
| Barry Craig Huber Director | Sep 3, 2026 | Sale | −4,500 | $19.43 | $87.44K | 16,567 |
| Barry Craig Huber Director | Sep 3, 2026 | Option exercise | +4,500 | $14.09 | $63.41K | 21,067 |
| Vincent Anthony Viozzi Sr. VP & Chief Inv Officer | Sep 3, 2026 | Sale | −2,282 | $19.50 | $44.50K | 5,861 |
| Mutual Insurance Co Donegal 10% owner | Sep 2, 2026 | Buy | +10,000 | $19.43 | $194.30K | 14,282,971 |
| Mutual Insurance Co Donegal 10% owner | Sep 1, 2026 | Buy | +9,257 | $19.17 | $177.46K | 14,272,971 |
| Mutual Insurance Co Donegal 10% owner | Aug 31, 2026 | Buy | +10,000 | $19.18 | $191.80K | 14,263,714 |
| Mutual Insurance Co Donegal 10% owner | Aug 28, 2026 | Buy | +10,000 | $19.19 | $191.90K | 14,253,714 |
| Mutual Insurance Co Donegal 10% owner | Aug 27, 2026 | Buy | +10,000 | $18.95 | $189.50K | 14,243,714 |
| Mutual Insurance Co Donegal 10% owner | Aug 26, 2026 | Buy | +9,508 | $19.11 | $181.70K | 14,233,714 |
| Mutual Insurance Co Donegal 10% owner | Aug 25, 2026 | Buy | +10,000 | $19.00 | $190.00K | 14,224,206 |
| Mutual Insurance Co Donegal 10% owner | Aug 24, 2026 | Buy | +10,000 | $19.06 | $190.60K | 14,214,206 |
| Mutual Insurance Co Donegal 10% owner | Aug 21, 2026 | Buy | +10,000 | $18.68 | $186.80K | 14,204,206 |
| Mutual Insurance Co Donegal 10% owner | Aug 20, 2026 | Buy | +9,815 | $18.66 | $183.15K | 14,194,206 |
| Mutual Insurance Co Donegal 10% owner | Aug 19, 2026 | Buy | +9,700 | $18.61 | $180.52K | 14,184,391 |
| Mutual Insurance Co Donegal 10% owner | Aug 18, 2026 | Buy | +10,000 | $18.60 | $186.00K | 14,174,691 |
| Mutual Insurance Co Donegal 10% owner | Aug 17, 2026 | Buy | +10,000 | $18.52 | $185.20K | 14,164,691 |
| Jeffrey Dean Miller EVP & Chief Financial Officer | Aug 14, 2026 | Other | +417 | $19.45 | $8.11K | 42,165 |
| David Benjamin Bawel SVP & CHIEF ACCOUNTING OFFICER | Aug 14, 2026 | Other | +53 | $19.45 | $1.03K | 5,420 |
| Kevin Gerard Burke President & Chief Exec Officer, Director | Aug 14, 2026 | Other | +33 | $19.45 | $642 | 3,342 |
| Vincent Anthony Viozzi Sr. VP & Chief Inv Officer | Aug 14, 2026 | Other | +32 | $19.45 | $622 | 3,233 |
| Mutual Insurance Co Donegal 10% owner | Aug 6, 2026 | Buy | +18,000 | $19.67 | $354.06K | 14,154,691 |
| Christina Marie Hoffman Sr. VP & Chief Risk Officer | Aug 6, 2026 | Sale | −18,000 | $19.67 | $354.06K | 4,655 |
| Christina Marie Hoffman Sr. VP & Chief Risk Officer | Aug 6, 2026 | Option exercise | +18,000 | $14.39 | $259.02K | 22,655 |
| Dennis Joseph Bixenman Director | Aug 4, 2026 | Option exercise | +4,500 | $13.87 | $62.42K | 20,605 |
| Dennis Joseph Bixenman Director | Aug 4, 2026 | Option exercise | +2,250 | $14.39 | $32.38K | 11,605 |
| Dennis Joseph Bixenman Director | Aug 4, 2026 | Option exercise | +4,500 | $14.09 | $63.41K | 16,105 |
| Dennis Joseph Bixenman Director | Aug 4, 2026 | Sale | −11,250 | $19.26 | $216.68K | 9,355 |
| Noland Rone Deas Jr Senior Vice President | Aug 4, 2026 | Option exercise | +8,000 | $13.87 | $110.96K | 15,523 |
| Noland Rone Deas Jr Senior Vice President | Aug 4, 2026 | Option exercise | +4,000 | $14.09 | $56.36K | 7,523 |
| Noland Rone Deas Jr Senior Vice President | Aug 4, 2026 | Sale | −24,000 | $19.47 | $467.28K | 3,523 |
| Noland Rone Deas Jr Senior Vice President | Aug 4, 2026 | Option exercise | +12,000 | $15.76 | $189.12K | 27,523 |
| David Charles King Director | Aug 4, 2026 | Option exercise | +4,500 | $14.09 | $63.41K | 12,700 |
| David Charles King Director | Aug 4, 2026 | Option exercise | +4,500 | $14.39 | $64.76K | 8,200 |
| David Charles King Director | Aug 4, 2026 | Sale | −9,000 | $19.33 | $173.97K | 3,700 |
| Kevin Gerard Burke President & Chief Exec Officer, Director | Jul 1, 2026 | Other | +324 | $16.03 | $5.19K | 13,870 |
| Sanjay Pandey Sr. VP & Chief Info Officer | Jul 1, 2026 | Other | +405 | $16.03 | $6.49K | 8,697 |
| William Daniel Delamater EVP & Chief Oper Officer | Jul 1, 2026 | Other | +324 | $16.03 | $5.19K | 2,336 |
| William Albert Folmar Sr. Vice President | Jul 1, 2026 | Other | +16 | $16.03 | $256 | 999 |
| Christina Marie Hoffman Sr. VP & Chief Risk Officer | Jul 1, 2026 | Other | +81 | $16.03 | $1.30K | 4,655 |
| David Benjamin Bawel SVP & CHIEF ACCOUNTING OFFICER | Jul 1, 2026 | Other | +515 | $16.03 | $8.26K | 22,331 |
| Jeffrey Dean Miller EVP & Chief Financial Officer | Jul 1, 2026 | Other | +649 | $16.03 | $10.40K | 27,176 |
| Jeffery Tim Hay Senior Vice President | Jul 1, 2026 | Other | +661 | $16.03 | $10.60K | 8,143 |
| Noland Rone Deas Jr Senior Vice President | Jul 1, 2026 | Other | +527 | $16.03 | $8.45K | 3,523 |
| Sanjay Pandey Sr. VP & Chief Info Officer | Jun 23, 2026 | Discretionary | −28,829 | $17.75 | $511.71K | 0 |
| Mutual Insurance Co Donegal 10% owner | Jun 12, 2026 | Buy | +9,682 | $17.62 | $170.60K | 14,136,691 |
| Mutual Insurance Co Donegal 10% owner | Jun 11, 2026 | Buy | +9,900 | $17.56 | $173.84K | 14,127,009 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Barry Craig Huber Director | Sep 3, 2026 | 4,500 | $87.84K | Sep 3, 2026 | Stock Option Exercise & Sale |
| Dennis Joseph Bixenman Director | Aug 5, 2026 | 11,250 | $216.63K | Aug 4, 2026 | Option Exercise & Sale |
| Noland Rone Deas Jr Senior Vice President | Aug 4, 2026 | 24,000 | $463.20K | Aug 4, 2026 | Option Exercise & Sale |
| David Charles King Director | Aug 4, 2026 | 9,000 | $175.95K | Aug 4, 2026 | Option Exercise & Sale |
| David Benjamin Bawel Officer, SVP & Chief Accounting Officer | Dec 1, 2025 | 9,000 | $183.51K | Dec 1, 2025 | Option Exercise and Sale |
| Kristi Spencer Altshuler Officer, Sr. Vice President | Dec 1, 2025 | 12,000 | $242.40K | Dec 1, 2025 | Option Exercise & Sale |
| Kevin Michael Kraft Sr Director | Nov 25, 2025 | 4,500 | $90.27K | Nov 25, 2025 | Option exercise and Sale |
| Annette Brookens Szady Director | Nov 13, 2025 | 4,500 | $88.97K | Nov 13, 2025 | Options Exercise and Sale |
| Daniel J. Wagner Sr. VP & Treasurer | Nov 12, 2025 | 18,000 | $355.50K | Nov 11, 2025 | Option Exercise & Sale |
| Sewell Trezevant Moore Jr Director | Nov 12, 2025 | 4,500 | $88.70K | Nov 12, 2025 | Options Exercise and Sale |
| Jon Marshall Mahan Director | Nov 5, 2025 | 4,500 | $85.90K | Nov 5, 2025 | Option Exercise & Sale |
| David Charles King Director | Aug 27, 2025 | 4,500 | $78.75K | Aug 27, 2025 | Option Exercise & Sale |
| Vincent Anthony Viozzi Officer, Sr. VP & Chief Inv Officer | May 27, 2025 | 18,000 | $366.48K | May 27, 2025 | Option Exercise & Sale |
| Kristi Spencer Altshuler Officer, Sr. Vice President | May 21, 2025 | 12,000 | $247.32K | May 21, 2025 | Option Exercise & Sale |
| William Daniel Delamater Officer, EVP & Chief Oper Officer | May 21, 2025 | 9,000 | $185.49K | May 21, 2025 | Option Exercise & Sale |