Donegal Mutual (10% Owner) Buys 16,368 Donegal Group (DGICA) Shares

What Happened

• Donegal Mutual Insurance Co., listed as a greater-than-10% owner of Donegal Group Inc. (ticker: DGICA), made two purchases of Donegal Group common stock. On 2026-09-04 it acquired 6,368 shares at $19.39 each (≈ $123,486) and on 2026-09-08 it acquired 10,000 shares at $19.14 each (≈ $191,358), for a combined 16,368 shares worth about $314,844. These transactions are reported as purchases (Form 4 code P), which investors often view as a more constructive signal than sales.

Key Details

• Transaction dates and prices:
  • 2026-09-04: 6,368 shares @ $19.39 — $123,486
  • 2026-09-08: 10,000 shares @ $19.14 — $191,358
• Total acquired: 16,368 shares, ~ $314,844
• Transaction type: Open-market or private purchases (Form 4 code P)
• Shares owned after transaction: Not reported on the Form 4
• Filing date: Form 4 filed 2026-09-09; the filing did not list any 10b5-1 plan or footnotes

Context

• Donegal Mutual is a >10% beneficial owner (institutional), not an executive or director; such purchases reflect institutional buying rather than officer/director trading. Purchases are factual disclosures and do not prove motives; they are simply an increase in beneficial ownership reported to the SEC.