DONEGAL GROUP INC DGICA
CL A · Common Stock · CUSIP 257701201
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersMarietta, PA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.88. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 92 |
| Q4 2022 | 97 |
| Q1 2023 | 90 |
| Q2 2023 | 88 |
| Q3 2023 | 86 |
| Q4 2023 | 89 |
| Q1 2024 | 89 |
| Q2 2024 | 97 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 41 | 46 |
| Q1 2023 | 36 | 42 |
| Q2 2023 | 27 | 43 |
| Q3 2023 | 33 | 34 |
| Q4 2023 | 33 | 34 |
| Q1 2024 | 35 | 43 |
| Q2 2024 | 53 | 39 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $0 | $0 | — |
| Q4 2023 | $8.4k | $2.8k | 0.33 |
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $0 | $0 | — |
Biggest buyers
| BlackRock Inc. | Added | +47.7k |
| Squarepoint Ops LLC | New | +34.8k |
| MILLENNIUM MANAGEMENT LLC | New | +22.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +22.1k |
| Trexquant Investment LP | New | +19.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +19.7k |
| JANE STREET GROUP, LLC | New | +18.4k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +16.6k |
| TWO SIGMA ADVISERS, LP | Added | +15.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +13.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -382.9k |
| VANGUARD GROUP INC | Reduced | -147.3k |
| Empowered Funds, LLC | Reduced | -102.6k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -38.6k |
| Ategra Capital Management, LLC | Reduced | -22.2k |
| WEDBUSH SECURITIES INC | Reduced | -11.8k |
| Mariner, LLC | Sold out | -11.0k |
| Lewis Asset Management, LLC | Sold out | -10.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Reduced | -8.4k |
| UBS Group AG | Reduced | -8.0k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-01-21 | 5.6% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.9%, 2026-10-27)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $43.3k | 2 | $1.1m | — |
| Q4 2022 | 0 | — | 7 | $2.0m | — |
| Q1 2023 | 0 | — | 3 | $997.9k | — |
| Q2 2023 | 1 | $58 | 4 | $2.1m | — |
| Q3 2023 | 0 | — | 2 | $155.4k | — |
| Q4 2023 | 0 | — | 1 | $192.9k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.8m $23.0m | Reduced -38.6k |
| BlackRock Inc. 0.00% of their portfolio | 1.6m $21.2m | Added +47.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.0m $13.3m | Reduced -147.3k |
| OLD REPUBLIC INTERNATIONAL CORP 0.22% of their portfolio | 425.5k $5.5m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 359.4k $4.6m | Added +8.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 340.9k $4.4m | Reduced -5.3k |
| STATE STREET CORP 0.00% of their portfolio | 330.1k $4.3m | Reduced -1.8k |
| PHILADELPHIA TRUST CO 0.27% of their portfolio | 268.8k $3.5m | Reduced -8.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 242.9k $3.1m | Added +8.6k |
| Foundry Partners, LLC 0.17% of their portfolio | 242.3k $3.1m | Reduced -3.1k |
| CALDWELL SUTTER CAPITAL, INC. 1.49% of their portfolio | 233.2k $3.0m | Added +5.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 226.2k $2.9m | Added +1.1k |
| LOGAN CAPITAL MANAGEMENT INC 0.12% of their portfolio | 223.7k $2.9m | Unchanged |
| KENNEDY CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 204.3k $2.6m | Reduced -877 |
| MORGAN STANLEY 0.00% of their portfolio | 174.5k $2.2m | Reduced -382.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 167.1k $2.2m | Added +7.4k |
| Keeley-Teton Advisors, LLC 0.24% of their portfolio | 143.4k $1.8m | Added +69 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 129.6k $1.7m | Added +5.4k |
| Empowered Funds, LLC 0.03% of their portfolio | 119.9k $1.5m | Reduced -102.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 89.1k $1.1m | Added +13.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 74.0k $953.2k | Reduced -6.7k |
| CANNELL CAPITAL LLC 0.22% of their portfolio | 72.1k $928.6k | Added +12.6k |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 70.0k $901.5k | Reduced -3.3k |
| Invesco Ltd. 0.00% of their portfolio | 59.6k $768.0k | Added +6.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 57.8k $744.6k | Added +16.6k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 55.5k $714.8k | Added +15.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 54.5k $701.5k | Added +8.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 49.2k $633.7k | Added +6.2k |
| BARCLAYS PLC 0.00% of their portfolio | 46.8k $603.0k | Reduced -2.7k |
| Minerva Advisors LLC 0.40% of their portfolio | 46.5k $596.5k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 45.0k $579.5k | Added +4.3k |
| Dakota Wealth Management 0.01% of their portfolio | 44.7k $576.2k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 43.6k $562.1k | Added +22.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 40.4k $520.4k | Added +19.7k |
| Squarepoint Ops LLC 0.00% of their portfolio | 34.8k $448.4k | New |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 33.0k $425.0k | Reduced -11.8k |
| Swiss National Bank 0.00% of their portfolio | 32.6k $419.9k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 31.1k $388.9k | Added +2.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 28.3k $364.7k | Added +2.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 25.3k $325.9k | Added +222 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 24.5k $315.5k | Added +3.0k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 24.0k $310.0k | Reduced -8.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 22.4k $289.0k | New |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 21.9k $281.6k | Reduced -3.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 21.5k $276.3k | Added +800 |
| Trexquant Investment LP 0.00% of their portfolio | 19.7k $253.8k | New |
| Legal & General Group Plc 0.00% of their portfolio | 19.0k $245.2k | Added +7.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 18.4k $237.4k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 18.4k $237.2k | Reduced -88 |
| Ategra Capital Management, LLC 0.20% of their portfolio | 17.7k $228.2k | Reduced -22.2k |
| Ancora Advisors LLC 0.01% of their portfolio | 17.5k $225.2k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 17.3k $222.6k | Added +5.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 16.2k $208.1k | Reduced -187 |
| Virtus Investment Advisers, LLC 0.17% of their portfolio | 15.7k $201.8k | Unchanged |
| EntryPoint Capital, LLC 0.09% of their portfolio | 14.6k $188.2k | Added +4.9k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 10.6k $137.0k | Reduced -6.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 10.0k $128.8k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 10.0k $128.7k | Reduced -8.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.3k $121.0k | Added +1.1k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 8.9k $114.5k | Added +873 |
| CITIGROUP INC 0.00% of their portfolio | 8.6k $111.3k | Added +1.5k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 8.3k $107.1k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 8.1k $104.8k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 5.9k $75.9k | Added +1.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 5.7k $73.3k | New |
| PhiloSmith Capital Corp 0.02% of their portfolio | 5.2k $66.9k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 4.8k $62.3k | Reduced -293 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.8k $61.4k | Reduced -5 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 4.0k $52.1k | Added +4.0k |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 3.8k $48.4k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 3.3k $42.8k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.3k $42.0k | Reduced -7.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 3.2k $40.7k | Added +41 |
| FMR LLC 0.00% of their portfolio | 2.8k $36.4k | Added +2.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 2.7k $34.9k | New |
| State of Wyoming 0.01% of their portfolio | 2.6k $33.3k | Added +167 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 2.5k $33.0k | Added +332 |
| INNEALTA CAPITAL, LLC 0.01% of their portfolio | 2.1k $27.3k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.5k $19.5k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 1.0k $13.5k | New |
| DANSKE BANK A/S 0.00% of their portfolio | 1.0k $12.9k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 927 $11.9k | Reduced -20 |
| CWM, LLC 0.00% of their portfolio | 848 $11.0k | Reduced -1.3k |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 646 $9.5k | New |
| AMALGAMATED BANK 0.00% of their portfolio | 515 $7.0k | Unchanged |
| M&R CAPITAL MANAGEMENT INC 0.00% of their portfolio | 500 $6.4k | Reduced -409 |
| GAMMA Investing LLC 0.00% of their portfolio | 262 $3.4k | New |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 158 $2.0k | New |
| HighMark Wealth Management LLC 0.00% of their portfolio | 113 $1.5k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 83 $1.1k | New |
| Avion Wealth 0.00% of their portfolio | 75 $0 | New |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 60 $772 | Reduced -783 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 38 $478 | New |
| MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio | 21 $270 | Reduced -43 |
| Covestor Ltd 0.00% of their portfolio | 15 $0 | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 7 $90 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |