Insider Selling: Donegal Group (NASDAQ:DGICA) CAO Sells 8,326 Shares

Posted by Brian Himes on Sep 11th, 2026

Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) CAO David Bawel sold 8,326 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $19.28, for a total transaction of $160,525.28. Following the completion of the transaction, the chief accounting officer owned 22,331 shares of the company’s stock, valued at $430,541.68. This trade represents a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donegal Group Price Performance

Shares of DGICA stock traded down $0.04 during mid-day trading on Friday, hitting $19.22. 11,578 shares of the stock traded hands, compared to its average volume of 125,434. The company’s 50-day simple moving average is $19.00 and its 200-day simple moving average is $17.95. Donegal Group, Inc. has a twelve month low of $16.11 and a twelve month high of $21.06. The firm has a market cap of $713.34 million, a price-to-earnings ratio of 9.95 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.

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

Donegal Group Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DGICA. California State Teachers Retirement System increased its stake in shares of Donegal Group by 1,721.1% during the 2nd quarter. California State Teachers Retirement System now owns 278,204 shares of the insurance provider’s stock worth $5,247,000 after purchasing an additional 262,927 shares during the last quarter. Royce & Associates LP lifted its stake in Donegal Group by 579.4% in the 4th quarter. Royce & Associates LP now owns 169,853 shares of the insurance provider’s stock valued at $3,394,000 after purchasing an additional 144,853 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Donegal Group by 117.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 236,124 shares of the insurance provider’s stock worth $4,718,000 after acquiring an additional 127,470 shares during the period. Two Sigma Investments LP boosted its position in Donegal Group by 139.8% during the third quarter. Two Sigma Investments LP now owns 152,432 shares of the insurance provider’s stock worth $2,956,000 after purchasing an additional 88,878 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Donegal Group by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 276,237 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 80,614 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Donegal Group from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded Donegal Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.00.

Get Our Latest Stock Report 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.