DGICA Donegal Group Inc
XNAS
19.06
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
DGICA
$19.06
—
What changed
Recent filings, trades and movesKey stats
$19.06
- 52-Week Range
- $16.11 – $21.06
- YTD
- -1.90%
- IV Rank (30D)
- 17.45
- Straddle Price
- $2.88
- P/C Vol Ratio
- 1.46
- Market Cap
- $0.7B
- Open
- $19.20
- Day Range
- $18.93 – $19.25
- Volume
- 121,253
- Prev Close
- $18.96
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.88% |
| Beta vs SPY | 0.47 |
| Cost of Equity (CAPM) | 7.23% (VRP-adj) |
| WACC | 7.15% |
| Volatility Risk Premium | +68.0pp (IV − HV30) |
| Effective Tax Rate | 18.7% |
| Rev. Growth (YoY, DCF input) | -2.1% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 9.2% |
| Book / Price | 108.1% — banking bias active (P/B is primary) |
| Bank Quality Adj | ×0.52 (target ROE vs peer median) |
| Gross Margin (TTM) | 26.7% |
| FCF Margin (TTM) | 6.0% |
| Debt / Equity | 0.05 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | -9.5% (reverse-DCF on current price) |
| SMA 50 | $18.67 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $18.82 |
| Bollinger Width / SMA20 | 3.8% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $1B |
Peers used for multiples: APOG, HIPO, HRTG, OSPN, QNST, ROOT, SMP
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
3%
20-Day Fair Value
≈ by Dec 14, 2026
$18.85
α -1.1%
rank 62%
conviction
74%
40-Day Fair Value
≈ by Jan 12, 2027
$19.05
α -0.1%
rank 62%
conviction
3%
60-Day Fair Value
≈ by Feb 10, 2027
$19.04
α -0.1%
rank 62%
conviction
3%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $30.69 | 21% | |
| DDM (Gordon) | $8.02 | 17% | |
| Peer P/E | $13.45 | 6% | median 11.9× · 7 peers |
| Peer EV/EBITDA | n/a | 0% | median 7.3× · 7 peers |
| Peer P/B | $41.81 | 10% | median 2.0× · 7 peers |
| Peer P/S | $12.69 | 3% | median 0.8× · 7 peers |
| Market Anchor (SMA50) | $18.67 | 43% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $19.29 | 0% | 8 strikes · skew +0.50 |
As of 2026-11-13 · updated
Related
About
- Industry (SIC)
- FIRE, MARINE & CASUALTY INSURANCE (6331) · industry map
- Exchange
- XNAS
- Market Cap
- $0.7B
- Employees
- 851
- List Date
- 2001-04-20
- CIK
- 0000800457
- Last Earnings
- Oct 29 before open · +1.1% vs ±20.9% expected
- Next Earnings
- ~Feb 18, 2027 (estimated)
- Headquarters
- Marietta, PA
- Homepage
- https://www.donegalgroup.com
Donegal Group Inc is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern, and Southwestern states. It includes three segments: Investments Function, Commercial Lines of Insurance, and Personal Lines of Insurance. The majority of revenue is from the commercial Lines segment. The commercial Lines segment consists mainly of commercial automobile, commercial multi-peril, and workers' compensation policies.
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.32% | 0.21% | 5.56% | 5.93% | -2.69% | -3.91% | 0.46% |
| Feb | 0.00% | -2.50% | 0.99% | -5.72% | 17.78% | -6.97% | 0.60% |
| Mar | 2.70% | 0.30% | -1.23% | 1.43% | 8.04% | -2.88% | 1.39% |
| Apr | 3.14% | -0.07% | -8.15% | -3.17% | -1.88% | -0.94% | -1.84% |
| May | -0.39% | 18.36% | 0.49% | -1.93% | 4.34% | 3.41% | 4.05% |
| Jun | -4.27% | 4.79% | -1.03% | -2.35% | -1.74% | 11.47% | 1.15% |
| Jul | 3.90% | -17.29% | 0.41% | 15.89% | -12.28% | 2.39% | -1.16% |
| Aug | -1.63% | 2.04% | -0.20% | 8.71% | 6.81% | -3.24% | 2.08% |
| Sep | -4.36% | -6.12% | -3.36% | -3.60% | 5.67% | -7.20% | -3.16% |
| Oct | -2.40% | 8.44% | 0.36% | 2.85% | -2.60% | 3.03% | 1.61% |
| Nov | -5.82% | 1.09% | 0.49% | 9.83% | 8.81% | 1.65%* | 2.68% |
| Dec | 5.62% | -3.92% | -1.76% | -7.81% | -0.40% | -- | -1.65% |
| Total | -6.37% | 1.36% | -7.71% | 18.80% | 30.18% | -4.54% | 5.29% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $18.84
SMA 50: $18.66
SMA 200: $18.13
Current: $19.06
EMA 12: $18.88
EMA 26: $18.78
MACD: 0.1043 | Signal: 0.0185
BULLISH
ADX (14): 35.20
TREND
+DI: 24.17
−DI: 7.15
Momentum Oscillators
RSI (14): 57.09
NEUTRAL
Stoch %K: 43.61
Stoch %D: 40.46
Williams %R: -51.13
Volume & Volatility
BB Upper: $19.20
BB Lower: $18.47
NEUTRAL
OBV: 2,846,616
Vol SMA 20: 115,827
Vol ROC: -17.71%
ATR: $0.51
True Range: $0.32
HV 20: 20.5%
HV 30: 19.0%
HV 60: 18.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All DGICA news →
Earnings History
12 of 12 under expected move
Avg Expected Move
15.77%
Avg Actual Move
3.57%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-07-27 | Pre-Market | 11.98% | 0.27% | 0.02x | Within |
| 2023-10-26 | Pre-Market | 18.69% | 1.69% | 0.09x | Within |
| 2024-02-22 | Pre-Market | 8.71% | 0.35% | 0.04x | Within |
| 2024-04-25 | Pre-Market | 12.00% | 1.07% | 0.09x | Within |
| 2024-07-25 | Pre-Market | 18.18% | 5.63% | 0.31x | Within |
| 2024-10-24 | Pre-Market | 9.63% | 8.60% | 0.89x | Within |
| 2025-04-24 | Pre-Market | 16.85% | 5.39% | 0.32x | Within |
| 2025-07-24 | Pre-Market | 12.55% | 6.16% | 0.49x | Within |
| 2026-02-19 | Pre-Market | 19.34% | 5.64% | 0.29x | Within |
| 2026-04-30 | Pre-Market | 20.70% | 4.59% | 0.22x | Within |
| 2026-07-30 | Pre-Market | 19.68% | 2.33% | 0.12x | Within |
| 2026-10-29 | Pre-Market | 20.93% | 1.07% | 0.05x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
DGICA Options Activity & IV Rank
DGICA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 39.7%
7-DTE IV: 113.2%
Expected Move: $2.88
7-DTE Move: $2.62
Days to Exp: 35 (2026-12-18)
Options Flow · All expiries
Call Volume: 11
Put Volume: 16
P/C Volume: 1.455
BEARISH
Call OI: 4
Put OI: 10
P/C OI: 2.5
Total OI: 14
ATM Options Pricing
ATM Call: $1.23
ATM Put: $1.65
Call %: 6.4%
Put %: 8.7%
Chain Summary
Chain Volume: 27
Chain OI: 14
Last Updated: 11/13/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 95th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
95%
vs own history
GEX tilt
+0.93
OI-weighted, today
Vanna tilt
+0.91
δ-sensitivity to IV
Charm tilt
+0.99
δ-decay vs time
Vanna tilt +0.91: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.99: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Put vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together
Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · No data
30 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · ATM 34.2% / Put —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)39.2MediumNov 13
IV Rank (30 DTE)17.4LowNov 13
Straddle Price (30 DTE)$2.88Nov 13
Beta Analysis
Risk Metrics
Beta: -0.0701
Alpha: -0.91%
Correlation: -0.0428
R-Squared: 0.2%
Stock Volatility: 22.3%
Market Volatility: 13.6%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own DGICA
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $6.8M | #1282 of 3138 | -8.4% | 13F | |
| Citadel Hedge fund Ken Griffin | $2.1M | #2874 of 6285 | +76.8% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $2.0M | #2583 of 3716 | -42.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
DGICA Institutional Ownership (13F)
Filings for 2026-06-30 · 60 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 31,759,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
DGICA Board & Officers
As of SEC filings through Nov 12, 2026Directors 12
- Jon Marshall Mahan · since Apr 20, 2006
- Sewell Trezevant Moore Jr · since Dec 18, 2006
- Kevin Michael Kraft Sr · since Dec 9, 2009
- Jack Lee Hess · since Apr 21, 2011
- Barry Craig Huber · since Jan 30, 2015
- Kevin Gerard Burke · listed since Nov 2016
- Dennis Joseph Bixenman · since Apr 19, 2018
- Annette Brookens Szady · since Apr 16, 2020
- David Charles King · since Apr 16, 2020
- Britta Harris Schatz · since Apr 18, 2024
- Melissa Ann Veenstra · since Apr 16, 2026
- Michael Kevin Callahan · since Apr 16, 2026
Officers 14
- Kevin Gerard Burke · President & Chief Exec Officer · listed since Feb 2018
- Kristi Spencer Altshuler · Sr. Vice President · since Apr 16, 2020
- William Albert Folmar · Sr. Vice President · since Apr 16, 2020
- Jeffery Tim Hay · Senior Vice President · since Jan 4, 2021
- David Wayne Sponic · Senior Vice President · since Jul 21, 2022
- Noland Rone Deas Jr · Senior Vice President · since Jan 2, 2024
- Jeffrey Dean Miller · EVP & Chief Financial Officer · listed since Feb 2016
- Sanjay Pandey · Sr. VP & Chief Info Officer · listed since May 2017
- Christina Marie Hoffman · Sr. VP & Chief Risk Officer · since Apr 16, 2020
- Vincent Anthony Viozzi · Sr. VP & Chief Inv Officer · since Apr 16, 2020
- William Daniel Delamater · EVP & Chief Oper Officer · listed since Jan 2024
- David Benjamin Bawel · SVP & Chief Accounting Officer · since Oct 17, 2024
- Rick Joseph Hecker · SVP & General Counsel · since Jan 1, 2025
- Daniel J Wagner · Sr. VP & Treasurer · on file since May 2006
10% owners 1
- DONEGAL MUTUAL INSURANCE CO · on file since 2006
Changes in the last 10 years (33)
| Apr 16, 2026 | Michael Kevin Callahan became a director |
| Apr 16, 2026 | Melissa Ann Veenstra became a director |
| Jan 1, 2025 | Rick Joseph Hecker became SVP & General Counsel |
| Dec 6, 2024 | The company announced the departure of Scott Andrew Berlucchi from the board in an SEC filing |
| Oct 17, 2024 | David Benjamin Bawel became SVP & Chief Accounting Officer |
| Apr 18, 2024 | Britta Harris Schatz became a director |
| Jan 4, 2024 | William Daniel Delamater listed as EVP & Chief Oper Officer (previously Senior Vice President) in SEC filings |
| Jan 2, 2024 | Noland Rone Deas Jr became Senior Vice President |
| Jul 21, 2022 | David Wayne Sponic became Senior Vice President |
| Apr 21, 2022 | Matthew Thomas Hudnall became Senior Vice President |
| Jan 7, 2022 | The company announced the departure of Richard George Kelley as Sr. Vice President in an SEC filing |
| Dec 16, 2021 | William Daniel Delamater became Senior Vice President |
| Jan 4, 2021 | Jeffery Tim Hay became Senior Vice President |
| May 19, 2020 | Richard George Kelley listed as Sr. Vice President (previously Senior Vice President) in SEC filings |
| Apr 16, 2020 | William Albert Folmar became Sr. Vice President |
| Apr 16, 2020 | Vincent Anthony Viozzi became Sr. VP & Chief Inv Officer |
| Apr 16, 2020 | Robert Richard Long Jr became Sr.VP, General Counsel |
| Apr 16, 2020 | Kristi Spencer Altshuler became Sr. Vice President |
| Apr 16, 2020 | Jeffrey Alan Jacobsen became Sr. Vice President |
| Apr 16, 2020 | Francis Joseph Haefner Jr became Sr. Vice President |
| Apr 16, 2020 | David Charles King became a director |
| Apr 16, 2020 | Christina Marie Hoffman became Sr. VP & Chief Risk Officer |
| Apr 16, 2020 | Annette Brookens Szady became a director |
| Dec 20, 2018 | Cyril J Greenya listed as Senior Vice President (previously Sr. Vice President) in SEC filings |
| May 24, 2018 | Robert G Shenk listed as Senior Vice President (previously Sr. Vice President) in SEC filings |
| Apr 19, 2018 | Richard George Kelley became Senior Vice President |
| Apr 19, 2018 | Dennis Joseph Bixenman became a director |
| Feb 20, 2018 | Kevin Gerard Burke listed as President & Chief Exec Officer (previously President & CEO) in SEC filings |
| Nov 27, 2017 | Kevin Gerard Burke listed as President & CEO (previously President & Chief Exec Officer) in SEC filings |
| May 22, 2017 | Sanjay Pandey listed as Sr. VP & Chief Info Officer (previously Sr. VP & Chief Information Off) in SEC filings |
| Dec 19, 2016 | Sanjay Pandey listed as Sr. VP & Chief Information Off (previously Sr. Vice President) in SEC filings |
| Nov 21, 2016 | Kevin Gerard Burke listed as President & Chief Exec Officer (previously President & CEO) in SEC filings |
| Nov 21, 2016 | Kevin Gerard Burke first listed as a director in an SEC filing |
Not reported recently (9)
- Robert Richard Long Jr · Last reported as Sr.VP, General Counsel in an SEC filing dated Jul 8, 2024
- Matthew Thomas Hudnall · Last reported as Senior Vice President in an SEC filing dated Jan 4, 2024
- Richard D Wampler II · Last reported as a director in an SEC filing dated Jan 2, 2024
- Jeffrey Alan Jacobsen · Last reported as Sr. Vice President in an SEC filing dated Jun 3, 2022
- Francis Joseph Haefner Jr · Last reported as Sr. Vice President in an SEC filing dated Jan 4, 2022
- Patricia A Gilmartin · Last reported as a director in an SEC filing dated Jan 2, 2020
- Robert S Bolinger · Last reported as a director in an SEC filing dated Jan 2, 2020
- Cyril J Greenya · Last reported as Senior Vice President in an SEC filing dated Jan 2, 2020
- Robert G Shenk · Last reported as Senior Vice President in an SEC filing dated Feb 21, 2019
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
DGICA Proposed Insider Sales (Form 144)
Latest: 2026-11-12
? Form 144 Guide
Last 30d:
4 filings
· $609K notice value
· Last 90d:
5 filings
· $697K notice value
· 5 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
PANDEY SANJAY (1, $351K) · ALTSHULER KRISTI SPENCER (1, $114K) · HUBER BARRY CRAIG (1, $88K) · MAHAN JON MARSHALL (1, $87K) · CALLAHAN MICHAEL KEVIN (1, $57K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-11-12 | CALLAHAN MICHAEL KEVIN | Director | 3,000 | $57.0K | 2026-11-12 | Citigroup Global Markets, Inc. | — | EDGAR |
| 2026-11-10 | ALTSHULER KRISTI SPENCER | Officer, Sr. Vice President | 6,000 | $114.0K | 2026-11-10 | Citigroup Global Markets, Inc. | — | EDGAR |
| 2026-11-05 | MAHAN JON MARSHALL | Director | 4,500 | $87.1K | 2026-11-05 | Citigroup Global Markets, Inc. | — | EDGAR |
| 2026-11-05 | PANDEY SANJAY | Sr. VP & Chief Info Officer | 18,000 | $351.0K | 2026-11-05 | Citigroup Global Markets, Inc | — | EDGAR |
| 2026-09-03 | HUBER BARRY CRAIG | Director | 4,500 | $87.8K | 2026-09-03 | Citigroup Global Markets, Inc. | — | EDGAR |
| 2026-08-05 | BIXENMAN DENNIS JOSEPH | Director | 11,250 | $216.6K | 2026-08-04 | Citigroup Global Markets, Inc | — | EDGAR |
| 2026-08-04 | KING DAVID CHARLES | Director | 9,000 | $175.9K | 2026-08-04 | Citigroup Global Markets, Inc | — | EDGAR |
| 2026-08-04 | DEAS NOLAND RONE JR | Senior Vice President | 24,000 | $463.2K | 2026-08-04 | Citigroup Global Markets, Inc | — | EDGAR |
| 2025-12-01 | ALTSHULER KRISTI SPENCER | Officer, Sr. Vice President | 12,000 | $242.4K | 2025-12-01 | Citigroup Global Markets, Inc. | — | EDGAR |
| 2025-12-01 | BAWEL DAVID BENJAMIN | Officer, SVP & Chief Accounting Officer | 9,000 | $183.5K | 2025-12-01 | Citigroup Global Markets, Inc. | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
53 ETFs hold DGICA
25 shown · $77.84M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.04% | $10.7M | — | 2026-11-12 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.01% | $10.3M | $76.8B | 2026-11-12 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $9.8M | — | 2026-09-30 |
| 4 | AVUV Avantis U.S. Small Cap Value ETF | Avantis | 0.03% | $9.4M | $32.8B | 2026-11-12 |
| 5 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.03% | $8.5M | — | 2026-11-12 |
| 6 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.01% | $5.0M | — | 2026-11-12 |
| 7 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.02% | $3.4M | $13.9B | 2026-11-12 |
| 8 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $2.6M | — | 2026-09-30 |
| 9 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $2.3M | — | 2026-11-12 |
| 10 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.01% | $1.8M | — | 2026-09-30 |
| 11 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.07% | $1.7M | — | 2026-06-30 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.01% | $1.7M | — | 2026-08-31 |
| 13 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.02% | $1.5M | — | 2026-11-12 |
| 14 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $1.5M | — | 2026-11-12 |
| 15 | FDM First Trust Dow Jones Select MicroCap Index Fund | First Trust | 0.53% | $1.4M | $267.2M | 2026-11-12 |
| 16 | DES WisdomTree U.S. SmallCap Dividend Fund | Nport | 0.06% | $1.3M | — | 2026-06-30 |
| 17 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.1M | $95.8B | 2026-11-12 |
| 18 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.08% | $990,982 | $1.2B | 2026-11-12 |
| 19 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.02% | $735,269 | $3.3B | 2026-11-12 |
| 20 | VFH Vanguard Financials ETF | Vanguard | 0.00% | $498,280 | — | 2026-09-30 |
| 21 | DXUV Dimensional US Vector Equity ETF | Dimensional | 0.01% | $439,910 | — | 2026-11-12 |
| 22 | EES WisdomTree U.S. SmallCap Fund | Nport | 0.06% | $411,601 | — | 2026-06-30 |
| 23 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.01% | $345,114 | — | 2026-07-31 |
| 24 | DHS WisdomTree U.S. High Dividend Fund | Nport | 0.02% | $340,932 | — | 2026-06-30 |
| 25 | ROSC Hartford Multifactor Small Cap ETF | Nport | 0.48% | $293,692 | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
9.88
TTM Diluted EPS
$1.93
TTM Revenue
$963.18M
TTM Net Income
$61.20M
TTM Op. Cash Flow
$58.39M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $241.12M | $19.21M | $0.60 | $5.90M |
| Q1 '26 | 2026-03-31 | $236.00M | $9.91M | $0.31 | $20.17M |
| Q4 '25 | 2025-12-31 | $240.14M | $14.82M | $0.47 | $9.97M |
| Q3 '25 | 2025-09-30 | $245.92M | $17.26M | $0.55 | $22.35M |
| Q2 '25 | 2025-06-30 | $247.15M | $14.48M | $0.46 | $12.13M |
| Q1 '25 | 2025-03-31 | $245.17M | $21.57M | $0.71 | $25.75M |
| Q4 '24 | 2024-12-31 | $249.95M | $20.43M | $0.72 | $28.20M |
| Q3 '24 | 2024-09-30 | $251.74M | $14.19M | $0.51 | $12.74M |
| Q2 '24 | 2024-06-30 | $246.77M | $3.52M | $0.13 | $21.68M |
| Q1 '24 | 2024-03-31 | $241.14M | $5.04M | $0.18 | $4.82M |
| Q4 '23 | 2023-12-31 | $239.47M | $-1.63M | $-0.06 | $2.60M |
| Q3 '23 | 2023-09-30 | $233.93M | $-671.00K | $-0.02 | $12.97M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
9.88
P/B
0.91
P/S
0.63
EV/EBITDA
6.74
EV/Sales
0.64
ROE
9.2%
ROA
2.5%
Div Yield
3.78%
FCF Yield
9.65%
Debt/Equity
0.05
Current Ratio
—
Market Cap
$605.33M
as of 2026-11-13
DGICA vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| PD PagerDuty, Inc. | $1.2B | 8.0 | +2.3% | +28.7% | 33 |
| QNST QuinStreet, Inc. | $1.1B | 11.7 | +29.5% | +34.8% | 18 |
| HRTG HERITAGE INSURANCE HOLDINGS INC | $993M | 4.8 | +1.5% | +23.5% | 32 |
| APOG Apogee Enterprises Inc | $991M | 15.0 | +3.0% | +26.3% | 32 |
| HIPO Hippo Holdings Inc. | $984M | 31.0 | +16.5% | +24.1% | 19 |
| SMP Standard Motor Products | $982M | 14.4 | +5.5% | +18.8% | 28 |
| OSPN OneSpan Inc. Common Stock | $828M | 12.4 | +4.9% | +81.5% | 30 |
| DGICA Donegal Group Inc | $709M | 9.9 | −3.1% | −1.9% | 17 |
| ROOT Root, Inc. Class A Common Stock | $663M | 12.5 | +14.9% | −38.1% | 0 |
| Peer median | $987M | 12.4 | +5.2% | +25.2% | 29 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
726.56K
SI % of Float
4.35%
Days to Cover
6.89
Short Vol Ratio
28.6%
Free Float
16.71M
Float %
53.0%
Short interest 2026-10-15 • Short volume 2026-11-13 • Float 2026-08-13