DONEGAL GROUP INC CLASS A (DGICA)
Financials · property and casualty insurance · NASDAQ
A regional property and casualty insurer focusing on commercial and personal lines with a long-standing history of organic growth through the Donegal Insurance Group.
What DONEGAL GROUP INC CLASS A does
Donegal Group Inc. is an insurance holding company that, through its subsidiaries and affiliates, offers a range of property and casualty insurance products. The company operates primarily in the Mid-Atlantic, Midwestern, Southern, and Southwestern United States, focusing on commercial and personal lines for small to mid-sized regional communities. Donegal Group conducts its insurance operations as part of the Donegal Insurance Group, a trade name for the affiliated entities associated with its parent organization, Donegal Mutual Insurance Company.
Themes: insurance, property and casualty insurance, commercial insurance, personal lines insurance, regional financial services
Fundamentals
- Price$18.67 as of 2026-08-21 close
- Market cap$728M as of 2026-08-24
- 1-year return+6.6% 2025-08-21 close $17.52 → 2026-08-21 close $18.67
- P/E10.24 as of 2026-08-24
- Net margin+7.4% as of 2026-08-24
- ROE+11.0% as of 2026-08-24
- Debt / equity0.05 as of 2026-08-24
- Revenue growth (YoY)-3.1% as of 2026-08-24
- Revenue CAGR (3y)+4.9% SEC XBRL
- Beta-0.05 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.7%; pays a dividend.
How DGICA compares in its sector
- price-to-earnings ratiobottom 25% 525 covered Financials peers, as of 2026-08-24
- net profit marginbottom 25% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 25% 534 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- indicated dividend yieldmiddle range 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, DGICA's dividend was covered by reported results (earnings payout 32%, operating-cash-flow payout 37%). This describes past coverage, not a forecast.
- Earnings payout32% dividends / net income
- Operating-cash-flow payout37% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How DONEGAL GROUP INC CLASS A looks technically
DONEGAL GROUP INC CLASS A (DGICA) is trading 1.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 7 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative). It made a new 20-day high about 17 trading days ago. Trading volume is running unusually high — about 3.6× its 30-day average, a sign of heightened interest.
Trend
9
| Distance from the 200-day | it is trading 1.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +1.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $18.67 | $18.67 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $18.43 | $18.43 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 22 calendar days ago — the swings before that are what the structure reading is measured on | 22 sessions |
| Wave structure | its recent swings can be read as a completed five-part upward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes above 20.22. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible five-wave upward sequence, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 7 trading days ago — a "golden cross", a bullish long-term signal | 7 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 1.3% above | +1.3% |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend) | 14.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 47.2 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($18.37 to $19.80) — its "stochastic" reading is 21 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 21.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative) | 10 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $21.06 | $21.06 |
|---|---|---|
| From the 52-week high | it is 11.3% below its 52-week high (its highest price of the past year) | -11.3% |
| Above the 52-week low | it is 15.9% above its 52-week low (its lowest price of the past year) | +15.9% |
| Below the 52-week high | it is 11.3% below its highest point of the past year | 11.3% |
| Since a 20-day breakout | it made a new 20-day high about 17 trading days ago | 17 sessions |
| Since a 55-day breakout | it made a new 55-day high about 17 trading days ago | 17 sessions |
| All-time high | its highest closing price on record is $23.00 (set on 2008-09-19) | $23.00 |
| Given back of the 52-week move | over the past year its closes ranged ($16.32 to $20.95), and it has recovered around half of its fall from last year’s high — 51% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $19.18 to $19.33. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 50.8% |
| From the all-time high | it is 18.8% below its all-time high | -18.8% |
| Nearest price level | it is trading 0.6% below a resistance level at $18.79 — a price it turned at five times since 2025-03-18, most recently on 2025-10-14. Since 2024-08-21 it has 6 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.6% |
| All-time low | its lowest closing price on record is $10.78 (set on 2010-08-16) | $10.78 |
| Above the all-time low | it is 73.2% above its all-time low | +73.2% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 49th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4829 between its high and its low — about 2.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.4829 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $18.14 and $19.96 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $18.14 – $19.05 – $19.96 |
| Typical daily range (% of price) | its price moves about 2.6% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.6% |
| Stretch from the 200-day average | it is trading 0.5 daily ranges above its 200-day average price (1.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.5 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 3.6× its 30-day average, a sign of heightened interest | 3.61× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Open gap | it gapped 2.3% above the previous close 48 sessions ago and has not traded back through the level it left behind at 17.08 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.3% |
| Gap filled | a 2.2% gap up opened on 2026-07-30 has been "filled" 16 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 16 sessions ago |
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 1.8 percentage points (the stock gained 0.5% while the market gained 2.3%) | -1.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 3.2 percentage points (the stock gained 6.3% while the market gained 3.1%) | +3.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 3.7 percentage points (the stock gained 7.4% while the market gained 11.1%) | -3.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 13.9 percentage points (the stock gained 6.6% while the market gained 20.5%) | -13.9% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 1.2% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 3.2% of the share price. | +1.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $18.06 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +3.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is under water. That average is $19.09 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | -2.2% |
Price levels it has turned at before
DGICA last closed at $18.67 on 2026-08-21. Since 2024-08-21 it has turned at 6 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $18.79 | Resistance | 0.6% above the last close | turned there five times · 2025-03-18 to 2025-10-14 |
| $19.29 | Resistance | 3.3% above the last close | turned there 7 times · 2025-05-14 to 2026-02-17 |
| $18.04 | Support | 3.4% below the last close | turned there 9 times · 2025-03-03 to 2026-07-23 |
| $17.60 | Support | 5.7% below the last close | turned there six times · 2025-03-12 to 2026-05-22 |
| $19.74 | Resistance | 5.7% above the last close | turned there four times · 2025-04-01 to 2026-07-06 |
| $16.55 | Support | 11.3% below the last close | turned there six times · 2024-12-16 to 2026-06-03 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $20.22.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Unusually heavy trading volume · trendless / choppy (low ADX) · Printed a doji candle | Learn: moving average · golden cross · adx · rsi · macd · breakout · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.00 mean, 1=Strong Buy…5=Strong Sell) — 2 analysts
- Mean price target$21.00 range $20.00 – $22.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for DGICA
- Consensus EPS estimate$0.43 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant control held by parent Donegal Mutual Insurance Company may impact minority shareholders.","Exposure to losses from unpredictable catastrophic events and underwriting risks.","Dependence on investment income, which is subject to market fluctuations and interest rate volatility."]
What changed in the latest 10-Q
AI-assisted comparison of DGICA's 10-Q filed 2026-05-07 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
- Added:
- In newer filing (2026-05-07): Reference to 'Annual Report on Form 10-K for the year ended December 31, 2025' (vs. December 31, 2024 in older filing)
- In newer filing (2026-05-07): Added language about tariffs affecting availability and cost of replacement automobile parts and building materials: '(including due to tariffs)'
- In newer filing (2026-05-07): Added language about litigation financing: 'increasing plaintiff attorney utilization of litigation financing and its impact on litigation strategies'
- Removed:
- In older filing (2025-11-04): Language referring to 'the rate of specialized plaintiff attorney involvement in claims' appears as 'specialized plaintiff attorney involvement' in newer filing without 'rate of'
- Reworded:
- Date reference changed from 'September 30, 2025' (older filing) to 'March 31, 2026' (newer filing) for reserve sensitivity disclosure
- Page number changed from '26' (older filing) to '22' (newer filing)
- Older filing phrase 'the rate of specialized plaintiff attorney involvement in claims' changed to 'the rate of litigation (including specialized plaintiff attorney involvement)' in newer filing
- Sentence ending changed from 'reflect actual payments and their evaluation' (older filing, truncated) to 'generally re' (newer filing, truncated)
- Notes:
- Both texts appear truncated at the end, limiting full comparison of final sections
- The numerical sensitivity figure ($7.2 million per 1% change) remains identical in both filings
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
8 open-market purchases and 3 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 3 sells ($857925) — 3 selling insiders
- Last 90 days8 buys ($1M) · 3 sells ($857925) — 1 buying, 3 selling insiders
- Last 180 days23 buys ($3M) · 3 sells ($857925) — 1 buying, 3 selling insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-04. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about DGICA's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding DGICA as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,759,080
- Reported value $47,401,006
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
DGICA had 885,828 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for DGICA because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 885,828
- Prior settlement (shares) 797,459
- Reported change 11.08%
- Days to cover (reported) 8.88
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Travelers (TRV)
- The Progressive Corporation (PGR)
- Selective Insurance Group (SIGI)
- State Auto Financial (STFC)
- Cincinnati Financial (CINF)
- Hanover Insurance Group (THG)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare DGICA vs…
DONEGAL GROUP INC CLASS A is found in…
Frequently asked questions
What does DONEGAL GROUP INC CLASS A (DGICA) do?
Donegal Group Inc. is an insurance holding company that, through its subsidiaries and affiliates, offers a range of property and casualty insurance products. The company operates primarily in the Mid-Atlantic, Midwestern, Southern, and Southwestern United States, focusing on commercial and personal lines for small to mid-sized regional communities.
What sector is DONEGAL GROUP INC CLASS A (DGICA) in?
DONEGAL GROUP INC CLASS A (DGICA) is classified in the Financials sector. Its industry is property and casualty insurance. It trades on NASDAQ.
Does DGICA pay a dividend?
Yes — DONEGAL GROUP INC CLASS A (DGICA) pays a dividend, with an indicated yield of about 4.72% (market data, as of 2026-08-24). Informational only — not financial advice.
Who are DONEGAL GROUP INC CLASS A's (DGICA) competitors?
Notable peers of DONEGAL GROUP INC CLASS A (DGICA) include Travelers, The Progressive Corporation, Selective Insurance Group, State Auto Financial and Cincinnati Financial. This peer set is informational only — not financial advice.
Is DONEGAL GROUP INC CLASS A (DGICA) overbought or oversold right now?
DONEGAL GROUP INC CLASS A (DGICA) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on DGICA come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.