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Insider Cluster (2 insiders) ·Filed Sep 4, 2026

DGICA

DONEGAL GROUP INC
NEUTRAL
Impact 3/10
Horizondays Processed1mo ago
Insider cluster: 2 insiders, $265K total
Actionable Insight • Neutral

The cluster is too small to act on alone. The 10% owner's continued accumulation across multiple days (seen in cross-filing context) is worth monitoring, but this single filing provides no actionable catalyst. Wait for a larger insider signal or upcoming quarterly earnings to confirm any trend.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d
DGICA ▼ -6.22% at T+20d
NEUTRAL call -6.22% · α vs SPY -6.82% · entry $19.45 → $18.24
Next anchor: T+60d in 5w
Latest observation: T+34 -10.34% FF3 residual α
Entry = T+0 close
Sep 4, 2026
via day close
T+1d
-2.31%
call -2.31% · α -1.76%
$19.00
settled 7w ago
T+5d
0.00%
call 0.00% · α +1.21%
$19.45
settled 6w ago
T+20d
-6.22%
call -6.22% · α -6.82%
$18.24
settled 22d ago
T+60d
Pending
in 5w

Price Chart

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Executive Summary

A director sold $87K worth of shares while a 10% owner purchased $177K in a small insider cluster. The total value is trivial relative to the $718M market cap, and the net direction is mixed but dominated by a 10% owner's accumulation. The cluster lacks C-suite participation and the dollar amounts are too small to signal a material change in outlook.

Key Financial Metrics

Direction
mixed
Total Value
$265.0K
Insiders
2

Key Facts

  • Director Barry Craig Huber sold 4,500 shares ($87K) and also exercised derivatives at $14.09/sh.
  • 10% owner Donegal Mutual Insurance Co purchased 9,257 shares ($177K).
  • Total cluster value of $265K represents only ~0.037% of market cap.
  • No C-suite officers traded in this cluster.

Financial Impact

Total insider cluster value of $265K is immaterial relative to $718M market cap; the buy/sell mix does not indicate a strong directional bet.

insider ownershipshare price (minimal)

Risk Factors

  • Director sale may indicate personal portfolio rebalancing or be part of a 10b5-1 plan.

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-1788526991071
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%$18.57 (+0.32%)
Oct 15, 2026
11d ago
Press Release
NEUTRAL ★ 2/10
$18.51 $18.68▲ +0.92%▲ +2.02%$18.57 (+0.32%)
Oct 6, 2026
20d ago
8-K
NEUTRAL ★ 2/10
$18.19 $18.22▲ +0.16%▲ +0.40%$18.57 (+2.09%)
Sep 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 4/10
$19.45 $19.45· 0.00%▲ +0.46%$18.57 (−4.52%)
Sep 11, 2026
6w ago
Insider Cluster
BULLISH ★ 5/10
$19.36 $19.45▲ +0.46%▲ +0.91%$18.57 (−4.08%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$19.00 $19.26▲ +1.37%▲ +1.97%$18.57 (−2.26%)
Sep 4, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$19.45 $19.00▼ −2.31%▼ −1.76%$18.57 (−4.52%)
Aug 31, 2026
8w ago
Insider Buy
BULLISH ★ 6/10
$19.12 $19.17▲ +0.26%▲ +0.95%$18.57 (−2.88%)
Aug 27, 2026
8w ago
Insider Buy
BULLISH ★ 6/10
$18.98 $19.24▲ +1.37%▲ +1.60%$18.57 (−2.16%)
Aug 25, 2026
9w ago
Insider Buy
BULLISH ★ 5/10
$19.13 $19.10▼ −0.16%▼ −0.18%$18.57 (−2.93%)
Showing 10 of 20

US Market Status

Market Open — Closes in 4h 18m

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Report published Sep 4, 2026