Donegal Group Ownership | Who Owns Donegal Group?

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Donegal Group Ownership Summary

Donegal Group is owned by 38.14% institutional investors, 2.06% insiders, and 59.80% retail investors. Blackrock funding, inc. /de is the largest institutional shareholder, holding 6.58% of DGICA shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 1.66% of its assets in Donegal Group shares.

DGICA Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Donegal Group	38.14%	2.06%	59.80%
Sector	Financial Services Stocks	32.19%	15.44%	52.37%
Industry	Property & Casualty Insurance Stocks	44.10%	15.35%	40.55%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock funding, inc. /de	2.01M	6.58%	$40.20M
Dimensional fund advisors lp	1.73M	5.66%	$34.56M
Blackrock	1.64M	5.00%	$21.16M
Vanguard group	1.02M	3.35%	$20.44M
Geode capital management	534.70K	1.75%	$10.69M
Old republic	425.50K	1.39%	$8.50M
Renaissance	371.21K	1.21%	$7.42M
Connor, clark & lunn investment management	363.27K	1.19%	$7.26M
State street	388.44K	1.09%	$7.53M
Proshare advisors	308.78K	1.01%	$6.17M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Caldwell sutter capital	212.30K	1.80%	$4.24M
Minerva advisors	46.49K	0.62%	$928.87K
Old republic	425.50K	0.34%	$8.50M
Philadelphia trust	247.65K	0.34%	$4.95M
Cannell capital	65.43K	0.19%	$1.27M
Logan capital management	223.70K	0.19%	$4.47M
Foundry partners	191.68K	0.15%	$2.97M
Csm advisors	179.16K	0.10%	$3.58M
Virtus etf advisers	7.44K	0.09%	$144.20K
Kennedy capital management	204.91K	0.09%	$3.97M

Top Buyers

Holder	Shares	% Assets	Change
Royce & associates lp	169.85K	0.03%	144.85K
Goldman sachs group	236.12K	0.00%	127.47K
Charles schwab investment management	167.07K	0.00%	94.39K
American century companies	243.59K	0.00%	93.98K
Two sigma investments, lp	152.43K	0.00%	88.88K

Top Sellers

Holder	Shares	% Assets	Change
Keeley-teton advisors	-	-	-94.72K
Marshall wace, llp	-	-	-75.49K
Squarepoint ops	-	-	-71.41K
Segall bryant & hamill	-	-	-61.70K
Foundry partners	191.68K	0.15%	-52.92K

New Positions

Holder	Shares	% Assets	Change	Value
Mml investors services	53.82K	0.00%	53.82K	$1.04B
First trust advisors lp	51.63K	0.00%	51.63K	$1.00M
D. e. shaw	45.48K	0.00%	45.48K	$703.54K
Empirical financial services, llc d.b.a. empirical wealth management	25.36K	0.01%	25.36K	$506.75K
Susquehanna group, llp	23.10K	0.00%	23.10K	$357.42K

Sold Out

Holder	Change
Nelson, van denburg & campbell wealth management group	-4.00
Lindbrook capital	-5.00
Capital performance advisors llp	-9.00
Physician wealth advisors	-34.00
Grey fox wealth advisors	-100.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	118	-20.81%	11,666,330	-9.87%	38	2.90%	62	-11.43%	27	-43.75%
Sep 30, 2025	141	-2.08%	12,780,191	0.43%	35	2.82%	66	-24.14%	46	31.43%
Jun 30, 2025	143	3.62%	12,694,568	8.37%	35	3.30%	86	30.30%	35	-22.22%
Mar 31, 2025	136	4.62%	11,659,040	7.62%	32	3.03%	65	-23.53%	44	100.00%
Dec 31, 2024	127	29.59%	10,808,775	11.17%	32	3.90%	82	105.00%	22	-33.33%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	593.16K	1.66%	13.52K
Vanguard Total Stock Mkt Idx Inv	548.79K	1.50%	-
iShares Russell 2000 ETF	425.02K	1.16%	106.51K
DFA US Small Cap Value I	345.45K	0.94%	-639.00
ProShares Russell 2000 Dividend Growers	308.07K	0.84%	-
Avantis US Small Cap Value ETF	302.64K	0.83%	2.13K
Foundry Partners Micro Cap Value	284.65K	0.78%	-
CS McKee Micro Cap Value	284.65K	0.78%	-
DFA US Targeted Value I	269.95K	0.74%	-
Kennedy Micro Cap	203.63K	0.56%	-1.29K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 03, 2026	DONEGAL MUTUAL INSURANCE CO	-	Buy	$158.65K
Mar 03, 2026	DELAMATER WILLIAM DANIEL	EVP & Chief Oper Officer	Sell	$158.65K
Dec 11, 2025	BAWEL DAVID BENJAMIN	SVP & CHIEF ACCOUNTING OFFICER	Sell	$13.74K
Dec 10, 2025	DONEGAL MUTUAL INSURANCE CO	-	Buy	$457.47K
Dec 08, 2025	DONEGAL MUTUAL INSURANCE CO	-	Buy	$537.64K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	1	1
2025 Q4	24	9
2025 Q3	13	1
2025 Q1	-	-
2024 Q4	39	33

DGICA Ownership FAQ

Who Owns Donegal Group?

Donegal Group shareholders are primarily institutional investors at 38.14%, followed by 2.06% insiders and 59.80% retail investors. The average institutional ownership in Donegal Group's industry, Property & Casualty Insurance Stocks, is 44.10%, which Donegal Group falls below.

Who owns the most shares of Donegal Group?

Donegal Group’s largest shareholders are Blackrock funding, inc. /de (2.01M shares, 6.58%), Dimensional fund advisors lp (1.73M shares, 5.66%), and Blackrock (1.64M shares, 5.00%). Together, they hold 17.24% of Donegal Group’s total shares outstanding.

Does Blackrock own Donegal Group?

Yes, BlackRock owns 5.00% of Donegal Group, totaling 1.64M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 21.16M$. In the last quarter, BlackRock increased its holdings by 47.74K shares, a 2.99% change.

Who is Donegal Group’s biggest shareholder by percentage of total assets invested?

Caldwell sutter capital is Donegal Group’s biggest shareholder by percentage of total assets invested, with 1.80% of its assets in 212.3K Donegal Group shares, valued at 4.24M$.

Who is the top mutual fund holder of Donegal Group shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Donegal Group shares, with 1.66% of its total shares outstanding invested in 593.16K Donegal Group shares.

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