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Insider Trading March 5, 2026

Donegal Mutual Increases Stake with $158,652 Purchase of Donegal Group Class A Shares

Insurer adds 9,000 Class A shares; board-approved executive incentive plans and a quarterly dividend underline corporate actions

By Marcus Reed DGICA
Donegal Mutual Increases Stake with $158,652 Purchase of Donegal Group Class A Shares
DGICA

Donegal Mutual Insurance Co. bought 9,000 shares of Donegal Group Inc Class A common stock on March 3, 2026, spending roughly $158,652. The move leaves the mutual with substantial holdings across both share classes. Separately, Donegal Group’s board approved new executive incentive plans and declared its regular quarterly cash dividend.

Key Points

  • Donegal Mutual Insurance Co. bought 9,000 shares of Donegal Group Inc Class A common stock on March 3, 2026, at $17.628 per share, totaling about $158,652.
  • After the purchase, Donegal Mutual directly holds 13,937,704 Class A shares and 4,751,974 Class B shares of Donegal Group.
  • Donegal Group’s board approved new Annual and Long-Term Executive Incentive Plans and declared a regular quarterly cash dividend payable February 17, 2026; Class A dividend is $0.1825 and Class B dividend is $0.165.

Donegal Mutual Insurance Co. acquired 9,000 shares of Donegal Group Inc Class A common stock on March 3, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at $17.628 apiece, for a total transaction value of approximately $158,652.

At the time of the filing, Donegal Group's Class A shares were trading at $17.65, and the company’s price-to-earnings ratio stood at 7.34. InvestingPro analysis cited in the filing reports that the stock appears undervalued when compared with its Fair Value assessment. The filing also notes that Donegal Group has increased its dividend for 25 consecutive years and currently yields about 4.1%.

Following the March 3 transaction, Donegal Mutual Insurance Co. directly owns 13,937,704 shares of Donegal Group’s Class A common stock and holds 4,751,974 shares of Class B common stock.

Other corporate actions disclosed by Donegal Group include board approval of new executive incentive plans. The board on December 18 approved an Annual Executive Incentive Plan and a Long-Term Executive Incentive Plan; the plans are intended to establish bonus opportunities for the company’s executive officers.

Additionally, Donegal Group declared its regular quarterly cash dividend. The company set the dividend at $0.1825 per share for Class A common stock and $0.165 per share for Class B common stock. The dividend is payable on February 17, 2026, to shareholders of record as of February 3, 2026.

The Form 4 filing documents the small purchase relative to the mutual’s overall holdings but leaves intact Donegal Mutual’s sizable position in both classes of Donegal Group shares. The filing references InvestingPro’s Fair Value assessment and a broader Pro Research Report availability for Donegal Group and more than 1,400 other U.S. equities.

Contextual note - The company’s longstanding dividend growth and the board-approved executive incentive frameworks were disclosed alongside the insider purchase in the same filing and related company announcements, reflecting both capital allocation to shareholders and changes to executive compensation governance.

Risks

  • Executive incentive plans introduce variability in executive compensation outcomes, a governance change that could influence corporate cost structure and investor perception - impacting insurance-sector governance and investor relations.
  • Valuation differences exist between the market price ($17.65) and the InvestingPro Fair Value assessment that labels the stock undervalued, creating uncertainty for investors relying on differing valuation methodologies - impacting equity-market valuation signals.
  • Dividend amounts differ by share class and are subject to declaration and payment dates, which may create timing and yield differences for shareholders - impacting income-sensitive investors and the financials sector.

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