Major DGICA (NASDAQ: DGICA) owner adds 19,582 shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONEGAL MUTUAL INSURANCE CO, a more than 10% owner of DONEGAL GROUP INC, reported open-market purchases of Class A Common Stock. It bought 9,900 Class A shares at an average price of $17.5586 per share and 9,682 Class A shares at $17.6219 per share.
After these transactions, it directly holds 14,136,691 Class A shares and 4,751,974 Class B shares. The purchases modestly increase an already large ownership position and are routine in scale relative to the total reported holdings.
Positive
- None.
Negative
- None.
Insights
Large existing holder modestly adds to Donegal Group stake.
DONEGAL MUTUAL INSURANCE CO, already a more than 10% owner, executed two open-market purchases totaling 19,582 Class A shares at prices around $17.56–$17.62. Open-market code P transactions generally reflect discretionary buying rather than automatic grants or plan-driven vesting.
Following the trades, the entity holds 14,136,691 Class A shares and 4,751,974 Class B shares, so the added shares are small relative to its overall position. From an ownership-structure perspective, this looks like a routine incremental increase rather than a transformative move.
Insider Trade Summary
Net Buyer: 19,582 shares ($344,445)
Net Buy
3 txns
Insider
DONEGAL MUTUAL INSURANCE CO
Role
null
Bought
19,582 shs ($344K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 9,682 | $17.6219 | $171K |
| Purchase | Class A Common Stock | 9,900 | $17.5586 | $174K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 14,136,691 shares (Direct, null);
Class B Common Stock — 4,751,974 shares (Direct, null)
Footnotes (1)
Key Figures
Shares purchased (Class A): 19,582 shares
Purchase price 1: $17.5586 per share
Purchase price 2: $17.6219 per share
+3 more
6 metrics
Shares purchased (Class A)
19,582 shares
Two open-market buys on 2026-06-11 and 2026-06-12
Purchase price 1
$17.5586 per share
9,900 Class A shares bought on 2026-06-11
Purchase price 2
$17.6219 per share
9,682 Class A shares bought on 2026-06-12
Class A shares after trades
14,136,691 shares
Direct holdings following most recent purchase
Class B shares held
4,751,974 shares
Direct Class B Common Stock holdings as of 2026-06-11
Net buy direction
19,582 net shares bought
Form 4 transaction summary shows net-buy activity
Key Terms
open-market purchase, Class A Common Stock, Class B Common Stock, more than 10% owner
4 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
more than 10% owner regulatory
"is_ten_percent_owner": 1"
FAQ
What insider activity did DONEGAL MUTUAL INSURANCE CO report for DONEGAL GROUP INC (DGICA)?
DONEGAL MUTUAL INSURANCE CO reported buying Class A Common Stock of DONEGAL GROUP INC in the open market. It executed two purchase transactions totaling 19,582 shares at prices around $17.56–$17.62 per share, modestly increasing its existing large ownership stake.
What is DONEGAL MUTUAL INSURANCE CO’s total Class A stake in DONEGAL GROUP INC after these trades?
After the reported open-market purchases, DONEGAL MUTUAL INSURANCE CO directly holds 14,136,691 Class A Common Stock shares of DONEGAL GROUP INC. This figure comes from the post-transaction share balance disclosed for the most recent Class A purchase entry on the Form 4.
Did the Form 4 for DONEGAL GROUP INC show any insider stock sales?
No stock sales were reported in this Form 4. The transaction summary shows two open-market purchases of Class A Common Stock and no sales, resulting in a net-buy direction with 19,582 shares acquired by DONEGAL MUTUAL INSURANCE CO during the disclosed period.
What Class B Common Stock holdings were reported for DONEGAL GROUP INC (DGICA)?
The Form 4 includes a holding entry for Class B Common Stock showing 4,751,974 shares owned directly after the noted date. This entry reflects the reported Class B position but does not list a new buy or sell transaction for that share class.