DONEGAL MUTUAL INSURANCE CO

CIK: 0000935596
Primary company: DONEGAL GROUP INC (DGICA)

DONEGAL MUTUAL INSURANCE CO is a corporate insider at DONEGAL GROUP INC (DGICA) filing SEC Form 4 transactions. 508 transactions, totaling $141,825,972 in purchases and $0 in sales. Source: SEC EDGAR.

AI Insider Summary

Donegal Mutual Insurance Co (reporter CIK 0000935596) is a significant institutional insider holding in Donegal Group Inc (DGICA) with a transaction history spanning over two decades — 486 total Form 4 filings from 2003 through June 2026 reflect an unusually persistent accumulation pattern at the mutual-insurance-owner tier rather than the executive-compensation-driven activity typical of corporate insiders. The most recent transactions (June 2026) are open-market purchases (transaction code P) of 8,500–10,000 shares per day at prices around $16.62–$17.62 — a pace consistent with either index-rebalancing or insurance-portfolio cash-allocation activity rather than discretionary insider trading. With total buy shares of 8,471,732 against total sell shares of just 2,366 across the entire history, Donegal Mutual's 13F/Form 4 profile is one of the most unidirectional in the dataset: a long-term buy-and-hold accumulator whose open-market purchases indicate fundamental conviction in Donegal Group's insurance-business fundamentals rather than tactical trading around earnings or events. For smart-money trackers, Donegal Mutual's profile is most informative as a concentrated-insider-accumulation reference: the 486-transaction history with near-zero sell volume is a textbook representation of a mutual / cooperative-style long-term holder operating at the intersection of insurance portfolio management and controlling-employee ownership.

Donegal Group Inc (DGICA / DGICB): regional property & casualty insurance company headquartered in Pennsylvania. Operates through Donegal Mutual Insurance Company and various subsidiaries. Business model: personal lines (auto, homeowners), commercial lines, farm insurance. Regional focus: Pennsylvania, Maryland, Ohio, West Virginia, Virginia. Mutual ownership structure means policyholders are the owners — Donegal Mutual Insurance Co holds DGICA shares as the policyholder-equity vehicle.

Insider transaction pattern:

  • 486 total transactions since 2003 (first recorded 2003-02-18)
  • Buy-volume: 8,471,732 shares
  • Sell-volume: 2,366 shares
  • Buy:sell ratio ~3,580:1 — extraordinary buy bias
  • Most recent transactions (June 2026, codes P): open-market purchases of 8,500–10,000 shares/day at ~$16.62–$17.62
  • Transaction pattern suggests structured ongoing purchase program rather than opportunistic buys
Analysis generated by 13F Insight from SEC Form 4 filing data. Methodology
Total Transactions
508
Total Buy Value
$141.83M
Total Sell Value
$0
Net Activity
+$141.83M
Last Transaction
Sep 2026
Companies
1

Companies

Transaction History

Source: SEC EDGAR Form 4 insider transaction filings.

Type
Purchase
Shares
45,000
Price
$19.23
Value
$865K
Type
Purchase
Shares
9,725
Price
$19.25
Value
$187K
Type
Purchase
Shares
10,000
Price
$19.13
Value
$191K
Type
Purchase
Shares
8,326
Price
$19.28
Value
$161K
Type
Purchase
Shares
5,143
Price
$18.89
Value
$97K
Type
Purchase
Shares
10,000
Price
$19.14
Value
$191K
Type
Purchase
Shares
6,368
Price
$19.39
Value
$123K
Type
Purchase
Shares
9,595
Price
$19.53
Value
$187K
Type
Purchase
Shares
10,000
Price
$19.43
Value
$194K
Type
Purchase
Shares
9,257
Price
$19.17
Value
$177K
Type
Purchase
Shares
10,000
Price
$19.18
Value
$192K
Type
Purchase
Shares
10,000
Price
$19.19
Value
$192K
Type
Purchase
Shares
10,000
Price
$18.95
Value
$190K
Type
Purchase
Shares
9,508
Price
$19.11
Value
$182K
Type
Purchase
Shares
10,000
Price
$19.00
Value
$190K
Type
Purchase
Shares
10,000
Price
$19.06
Value
$191K
Type
Purchase
Shares
10,000
Price
$18.68
Value
$187K
Type
Purchase
Shares
9,815
Price
$18.66
Value
$183K
Type
Purchase
Shares
9,700
Price
$18.61
Value
$181K
Type
Purchase
Shares
10,000
Price
$18.60
Value
$186K