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Insider Cluster (3 insiders) ·Filed Sep 14, 2026

DGICA

DONEGAL GROUP INC
NEUTRAL
Impact 4/10
Horizondays Processed1mo ago
Insider cluster: 3 insiders, $0.8M total
Actionable Insight • Neutral

Cluster of 3 insider buys at Donegal Group (DGICA) totaling ~$813K, with a 10% owner (Donegal Mutual Insurance) buying $191K at $19.13. However, the net direction is mixed (2 buys vs 1 sell in the 30-day window), and the total dollar value is trivial relative to the $719M market cap (~0.11%). The buys are modest and not C-suite clustered; the 10% owner buy is the most notable but still small. No material directional signal.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+20d
DGICA ▼ -6.27% at T+20d
NEUTRAL call -6.27% · α vs SPY -8.54% · entry $19.45 → $18.23
Next anchor: T+60d in 6w
Latest observation: T+29 -7.93% FF3 residual α
Entry = T+0 close
Sep 14, 2026
via day close
T+1d
0.00%
call 0.00% · α +0.46%
$19.45
settled 6w ago
T+5d
-4.37%
call -4.37% · α -4.48%
$18.60
settled 5w ago
T+20d
-6.27%
call -6.27% · α -8.54%
$18.23
settled 15d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

Cluster of 3 insider buys at Donegal Group (DGICA) totaling ~$813K, with a 10% owner (Donegal Mutual Insurance) buying $191K at $19.13. However, the net direction is mixed (2 buys vs 1 sell in the 30-day window), and the total dollar value is trivial relative to the $719M market cap (~0.11%). The buys are modest and not C-suite clustered; the 10% owner buy is the most notable but still small. No material directional signal.

Key Financial Metrics

Direction
mixed
Total Value
$813.0K
Insiders
3

Financial Impact

Not specified

Risk Factors

  • Total insider buying is trivial relative to market cap (~0.11%), limiting signal strength
  • Net direction is mixed (buys vs sells), reducing cluster conviction
  • 10% owner buy may be strategic/affiliation-driven rather than informational
  • No C-suite participation in the buy cluster

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-1789405553546
20 reports for DGICA
Performance horizon
86% Hit rate @ T+1 6 of 7 directional calls Went positive at some point 7 of 7 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

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Report published Sep 14, 2026