DONEGAL MUTUAL INSURANCE CO 4

What Happened Donegal Mutual Insurance Co., listed as a 10% owner of Donegal Group, made two open-market purchases totaling 16,828 shares of DONEGAL GROUP INC (DGICA). On 2026-05-19 it bought 8,328 shares at $17.48 each for $145,577, and on 2026-05-20 it bought 8,500 shares at $17.43 each for $148,143 — total cash outlay about $293,720. These were purchases (code P), which investors often view as more informative than routine insider sales.

Key Details

• Transaction dates and prices:
  • 2026-05-19: 8,328 shares @ $17.48 ($145,577)
  • 2026-05-20: 8,500 shares @ $17.43 ($148,143)
• Total: 16,828 shares; total value ≈ $293,720.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Reported on 2026-05-20 for transactions through 2026-05-19–05-20. Filing appears timely (not marked late).
• Transaction type/code: Open-market purchases (P). Insider is a 10% institutional owner, not a company executive.

Context As a 10% owner, Donegal Mutual Insurance Co. is a significant institutional holder; its purchases reflect institutional buying rather than an executive-level trade. The filing shows straightforward open-market purchases with no option exercises, grants, or special plan notes disclosed.