DONEGAL GROUP INC - Common Stock (DGICA) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
DGICA on Nasdaq
Shares outstanding
30,891,446
Price per share
$19.98
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
12,944,551
Total reported value
$250,993,246
% of total 13F portfolios
0%
Share change
+223,465
Value change
+$4,050,653
Number of holders
149
Price from insider filings
$19.98
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of DONEGAL GROUP INC - Common Stock (DGICA) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
DIMENSIONAL FUND ADVISORS LP 5.6% $34,563,995 1,729,921 Dimensional Fund Advisors LP 31 Dec 2025
BlackRock, Inc. 4.3% $24,796,757 1,294,194 BlackRock, Inc. 31 Mar 2025

As of 30 Sep 2025, 149 institutional investors reported holding 12,944,551 shares of DONEGAL GROUP INC - Common Stock (DGICA). This represents 42% of the company’s total 30,891,446 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of DONEGAL GROUP INC - Common Stock (DGICA) together control 33% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 6.4% 1,975,132 -3.5% 0% $38,297,814
DIMENSIONAL FUND ADVISORS LP 5.7% 1,747,458 -0.62% 0.01% $33,882,747
VANGUARD GROUP INC 3.3% 1,008,217 +4% 0% $19,549,329
GEODE CAPITAL MANAGEMENT, LLC 1.7% 522,812 +28% 0% $10,139,002
OLD REPUBLIC INTERNATIONAL CORP 1.4% 425,500 0% 0.31% $8,250,000
STATE STREET CORP 1.3% 388,439 +1.1% 0% $7,531,832
Connor, Clark & Lunn Investment Management Ltd. 1.2% 384,409 +7.9% 0.02% $7,453,691
RENAISSANCE TECHNOLOGIES LLC 1.2% 365,411 -3.7% 0.01% $7,085,319
ProShare Advisors LLC 1.1% 332,503 +5% 0.01% $6,447,233
PHILADELPHIA TRUST CO 0.81% 249,525 -2.4% 0.34% $4,838,000
AMERICAN CENTURY COMPANIES INC 0.79% 243,595 +63% 0% $4,723,307
MORGAN STANLEY 0.75% 231,192 -22% 0% $4,482,837
LOGAN CAPITAL MANAGEMENT INC 0.72% 223,703 0% 0.18% $4,337,601
CALDWELL SUTTER CAPITAL, INC. 0.72% 223,353 -1.2% 1.8% $4,330,815
WELLS FARGO & COMPANY/MN 0.71% 219,877 -3.2% 0% $4,263,420
TEACHER RETIREMENT SYSTEM OF TEXAS 0.68% 208,922 +9.2% 0.02% $4,050,996
KENNEDY CAPITAL MANAGEMENT LLC 0.66% 204,912 -0.35% 0.09% $3,973,244
AQR CAPITAL MANAGEMENT LLC 0.66% 203,042 +182% 0% $3,936,993
CSM Advisors, LLC 0.58% 178,885 -3.2% 0.1% $3,469,000
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.58% 177,633 +10% 0% $3,444,304
NORTHERN TRUST CORP 0.54% 168,337 +5.9% 0% $3,264,055
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.54% 167,073 +130% 0% $3,239,545
Creative Planning 0.5% 155,386 +2.8% 0% $3,012,928
TWO SIGMA INVESTMENTS, LP 0.49% 152,432 +140% 0% $2,955,656
ACADIAN ASSET MANAGEMENT LLC 0.47% 145,360 -19% 0% $2,815,000

Institutional Holders of DONEGAL GROUP INC - Common Stock (DGICA) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 87,519 $1,741,729 +$908,697 $19.98 17
2025 Q3 12,944,551 $250,993,246 +$4,050,653 $19.39 149
2025 Q2 12,725,284 $254,802,490 +$24,414,593 $20.02 145
2025 Q1 11,713,970 $229,940,204 +$17,975,906 $19.63 137
2024 Q4 10,846,495 $167,787,590 +$17,226,049 $15.47 129
2024 Q3 9,722,865 $143,300,920 +$983,269 $14.74 96
2024 Q2 9,704,214 $124,979,253 +$324,642 $12.88 92
2024 Q1 9,680,795 $136,885,782 +$4,796,038 $14.14 88
2023 Q4 9,336,483 $130,615,961 +$1,510,942 $13.99 86
2023 Q3 9,261,147 $132,013,833 +$556,113 $14.26 86
2023 Q2 9,260,365 $133,646,738 -$1,014,130 $14.43 87
2023 Q1 9,246,274 $141,260,119 -$3,702,852 $15.28 87
2022 Q4 9,491,201 $134,774,505 +$138,791 $14.20 94
2022 Q3 9,283,483 $125,233,752 -$5,644,725 $13.49 90
2022 Q2 9,566,094 $163,052,731 +$9,472,198 $17.05 91
2022 Q1 9,084,062 $121,825,518 -$6,138,298 $13.41 79
2021 Q4 9,513,635 $135,929,030 -$2,983,855 $14.29 79
2021 Q3 9,673,633 $140,143,365 -$2,221,024 $14.49 86
2021 Q2 9,825,350 $143,151,786 +$3,289,051 $14.57 86
2021 Q1 9,604,544 $142,762,679 +$1,677,631 $14.86 91
2020 Q4 9,513,604 $133,858,576 -$809,745 $14.07 77
2020 Q3 9,571,877 $134,674,877 +$1,661,613 $14.07 84
2020 Q2 9,449,379 $134,362,517 +$5,361,669 $14.22 77
2020 Q1 9,069,137 $137,841,112 +$1,541,994 $15.20 79
2019 Q4 8,953,666 $132,689,388 +$1,088,013 $14.82 72
2019 Q3 8,879,921 $130,183,251 +$1,859,702 $14.66 75
2019 Q2 8,752,006 $133,636,875 +$2,805,335 $15.27 68
2019 Q1 8,617,090 $115,899,725 -$704,422 $13.45 62
2018 Q4 8,666,257 $118,241,076 -$3,416,285 $13.64 63
2018 Q3 8,894,011 $126,383,959 +$2,248,066 $14.21 70
2018 Q2 8,737,671 $118,912,825 -$1,116,383 $13.61 73
2018 Q1 8,809,082 $139,177,016 -$472,885 $15.80 74
2017 Q4 8,756,046 $151,494,956 +$12,039,237 $17.30 80
2017 Q3 8,029,564 $129,511,049 -$346,345 $16.13 70
2017 Q2 8,055,228 $128,057,755 +$1,625,122 $15.90 75
2017 Q1 7,929,733 $139,713,145 +$18,293,390 $17.62 84
2016 Q4 7,727,999 $135,078,849 +$12,620,338 $17.48 83
2016 Q3 7,032,147 $112,964,048 +$4,759,205 $16.11 80
2016 Q2 6,736,096 $111,071,495 +$4,574,017 $16.49 76
2016 Q1 6,478,927 $93,146,000 +$2,348,057 $14.38 72
2015 Q4 6,367,337 $89,644,249 -$205,975 $14.08 71
2015 Q3 6,283,449 $88,343,684 +$4,014,923 $14.06 71
2015 Q2 5,725,126 $87,187,890 +$1,038,495 $15.23 66
2015 Q1 5,656,458 $88,884,159 -$412,524 $15.72 62
2014 Q4 5,681,544 $90,796,707 -$366,667 $15.98 62
2014 Q3 5,708,422 $87,672,377 +$55,386 $15.36 63
2014 Q2 5,704,727 $87,276,706 +$854,392 $15.30 63
2014 Q1 5,649,540 $82,374,991 -$1,490,634 $14.58 59