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Insider Cluster (3 insiders) ·Filed Sep 11, 2026

DGICA

DONEGAL GROUP INC
BULLISH
Impact 5/10
Horizonweeks Processed1mo ago
Insider cluster: 3 insiders, $0.3M total
Actionable Insight ▲ Bullish

The 10% owner's sustained buying is a strong bullish signal. Monitor for any upcoming earnings release or material corporate development that may have prompted this accumulation. The small insider sales are likely routine diversification and do not offset the 10% owner's conviction.

DirectionBullish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
DGICA ▼ -5.84% at T+20d
LONG call ✗ call lost -5.84% · α vs SPY -7.71% · entry $19.36 → $18.23
Next anchor: T+60d in 6w
Latest observation: T+30 -7.70% FF3 residual α
Entry = T+0 close
Sep 11, 2026
via day close
T+1d
+0.46%
call +0.46% · α +0.91%
$19.45
settled 6w ago
T+5d
-3.25%
call -3.25% · α -3.03%
$18.73
settled 5w ago
T+20d
-5.84%
call -5.84% · α -7.71%
$18.23
settled 17d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

Donegal Group insiders are sending mixed signals: two executives sold $131K worth of shares, while the company's largest shareholder, Donegal Mutual Insurance Co., purchased $640K worth of shares over a 7-day window. The 10% owner's buying is a strong bullish signal that outweighs the small insider sales, suggesting confidence in the company's value at current prices.

Key Financial Metrics

Direction
buying
Total Value
$640.0K
Insiders
3

Key Facts

  • Donegal Mutual Insurance Co. (10% owner) purchased 33,469 shares for ~$640K across 4 open-market transactions from Sep 8-10.
  • Director Barry Craig Huber sold 4,500 shares for $87K on Sep 3.
  • Sr. VP & Chief Investment Officer Vincent Viozzi sold 2,300 shares for $44K on Sep 3.
  • Total insider buying ($640K) is 0.09% of DGICA's $715M market cap, while total insider selling ($131K) is 0.02%.
  • The 10% owner's buying is a strong signal, as it represents a concentrated vote of confidence from the company's largest and most informed shareholder.

Financial Impact

Net insider buying of ~$509K, with 10% owner purchases representing 0.09% of market cap.

ownershipinsider sentiment

Risk Factors

  • Insider selling by a director and an officer, even if small, introduces some uncertainty.
  • The total buying is only 0.09% of market cap, which is modest in absolute terms.
  • No specific catalyst identified; the buying may reflect long-term value views rather than near-term events.

Market Snapshot

Exchange
Nasdaq
Sector
Fire, Marine & Casualty Insurance
Analyst Consensus
73% bullish (11 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-DGICA-1789131667233
20 reports for DGICA
Performance horizon
83% Hit rate @ T+1 5 of 6 directional calls Went positive at some point 6 of 6 best @ T+5▲ +3.19%Aug 19, 2026
Filters
Rows
Reports for DGICA — sortable, filterable
TypeNow
Oct 15, 2026
11d ago
8-K
NEUTRAL ★ 2/10
$18.51 $18.68▲ +0.92%▲ +2.02%$18.93 (+2.27%)
Oct 15, 2026
11d ago
Press Release
NEUTRAL ★ 2/10
$18.51 $18.68▲ +0.92%▲ +2.02%$18.93 (+2.27%)
Oct 6, 2026
20d ago
8-K
NEUTRAL ★ 2/10
$18.19 $18.22▲ +0.16%▲ +0.40%$18.93 (+4.07%)
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 4/10
$19.45 $19.45· 0.00%▲ +0.46%$18.93 (−2.67%)
Sep 11, 2026
6w ago
Insider Cluster
BULLISH ★ 5/10
$19.36 $19.45▲ +0.46%▲ +0.91%$18.93 (−2.22%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$19.00 $19.26▲ +1.37%▲ +1.97%$18.93 (−0.37%)
Sep 4, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$19.45 $19.00▼ −2.31%▼ −1.76%$18.93 (−2.67%)
Aug 31, 2026
8w ago
Insider Buy
BULLISH ★ 6/10
$19.12 $19.17▲ +0.26%▲ +0.95%$18.93 (−0.99%)
Aug 27, 2026
8w ago
Insider Buy
BULLISH ★ 6/10
$18.98 $19.24▲ +1.37%▲ +1.60%$18.93 (−0.26%)
Aug 25, 2026
8w ago
Insider Buy
BULLISH ★ 5/10
$19.13 $19.10▼ −0.16%▼ −0.18%$18.93 (−1.05%)
Showing 10 of 20

US Market Status

Market Closed — Opens Tue (16h 1m)

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Report published Sep 11, 2026