DGICA Donegal Group, Inc. - Class A Common Stock

NASDAQ · Insurance · View on SEC EDGAR ↗
$18.46
Price · Aug 19, 2026
Fundamentals as of May 7, 2026
52W Range
$16–$21
47% of range
Analyst Rating
BUY
11 analysts
Price Target
$21
+14% upside
P/E (TTM)
—
ROE
12.7%
Net Profit Margin
8.1%

DGICA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$18.46
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
$978M
Div Yield
—
ROE
12.7%
Debt/Equity
—
52W Range
$16 – $21

DGICA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $978M
10-point trend, +42.1%
2016-12-31 → 2025-12-31
EPS —
Free Cash Flow —
Margins 8.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DGICA
Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DGICA
Peer Median
Net Profit Margin
5-point trend, +162.5%
8.1%
13.0%
ROA
5-point trend, +194.7%
3.4%
5.6%
ROE
5-point trend, +169.7%
12.7%
16.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DGICA
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DGICA
Peer Median
Revenue YoY
5-point trend, +19.8%
-1.2%
—
Revenue CAGR 3Y
5-point trend, +19.8%
4.9%
—
Revenue CAGR 5Y
5-point trend, +19.8%
4.7%
—
Net Income YoY
5-point trend, +214.2%
56.0%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DGICA
Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DGICA
Peer Median
Payout Ratio
5-point trend, -57.2%
32.4%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
32.4%
5Y Div CAGR
—
Ex-dateAmount
July 31, 2026$0.1930
May 1, 2026$0.1930
Feb. 3, 2026$0.1830
Nov. 3, 2025$0.1830
Aug. 1, 2025$0.1830
May 1, 2025$0.1830
Feb. 4, 2025$0.1730
Nov. 1, 2024$0.1730
Aug. 1, 2024$0.1730
May 7, 2024$0.1730
Jan. 31, 2024$0.1700
Oct. 31, 2023$0.1700
July 31, 2023$0.1700
April 28, 2023$0.1700
Jan. 31, 2023$0.1650
Oct. 31, 2022$0.1650
July 29, 2022$0.1650
April 29, 2022$0.1650
Jan. 31, 2022$0.1600
Oct. 29, 2021$0.1600

DGICA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 3 27.3%
  • Buy 5 45.5%
  • Hold 3 27.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-14
Median target $21.00 +13.8%
Mean target $21.00 +13.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.05%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.53 $0.43 0.10%
March 31, 2026 $0.32 $0.41 -0.09%
Dec. 31, 2025 $0.50 $0.55 -0.05%
Sept. 30, 2025 $0.52 $0.53 -0.01%
June 30, 2025 $0.43 $0.41 0.02%
March 31, 2025 $0.72 $0.37 0.35%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DGICA — — -1.2% 8.1% 12.7% —
BOW $936M 17.9 29.6% 9.8% 13.1% —
HRTG $902M 4.6 3.7% 23.1% 44.0% —
ROOT — 30.6 28.9% 2.7% 15.2% —
HIPO $773M 13.5 25.9% 12.3% 14.5% —
EIG $878M 93.8 -2.5% 1.3% 1.1% —
TIPT $691M 24.0 -67.9% 7157.2% 7.2% —
ITIC $471M 13.4 5.6% 12.9% 13.2% —
AMSF $722M 15.6 2.7% 14.9% 18.2% —
AII $408M 3.7 35.3% 36.0% 31.2% —
ACIC $616M 5.9 13.1% 31.9% 35.0% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 6
Annual Income Statement data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +66.7% $978M $990M $927M $848M $816M $778M $812M $772M $739M $688M $636M $587M
Interest Expense 12-point trend, -11.0% $1M $946.0K $619.8K $620.6K $895.6K $1M $2M $2M $2M $2M $1M $2M
Other Non-op 6-point trend, -48.5% · · · · · · $2M $2M $3M $3M $3M $3M
Pretax Income 12-point trend, +499.4% $98M $62M $5M $-4M $30M $63M $57M $-48M $12M $41M $28M $16M
Income Tax 12-point trend, +946.7% $18M $11M $638.0K $-2M $5M $10M $10M $-15M $5M $11M $7M $2M
Net Income 12-point trend, +445.7% $79M $51M $4M $-2M $25M $53M $47M $-33M $7M $31M $21M $15M
Balance Sheet 15
Annual Balance Sheet data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -24.7% $27M $53M $24M $25M $58M $103M $49M $53M $38M $25M $28M $36M
Short-term Investments 7-point trend, +3.0% · · · · · $21M $14M $17M $11M $9M $13M $20M
PP&E (Net) 12-point trend, -69.6% $2M $2M $3M $3M $3M $4M $5M $5M $7M $7M $7M $8M
PP&E (Gross) 12-point trend, -42.8% $12M $12M $12M $12M $13M $16M $16M $18M $21M $21M $21M $21M
Accum. Depreciation 12-point trend, -27.9% $10M $10M $10M $9M $10M $12M $11M $14M $14M $14M $14M $14M
Goodwill Flat — no change across 12 periods $6M $6M $6M $6M $6M $6M $6M $6M $6M $6M $6M $6M
Intangibles Flat — no change across 12 periods $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K $958.0K
Total Assets 12-point trend, +63.6% $2.39B $2.34B $2.27B $2.24B $2.26B $2.16B $1.92B $1.83B $1.74B $1.62B $1.54B $1.46B
Total Liabilities 12-point trend, +67.5% $1.75B $1.79B $1.79B $1.76B $1.72B $1.64B $1.47B $1.43B $1.29B $1.18B $1.13B $1.04B
Paid-in Capital 5-point trend, +28.5% $392M $370M $336M $326M $305M · · · · · · ·
Retained Earnings 12-point trend, +33.4% $298M $245M $218M $241M $264M $258M $223M $193M $237M $245M $229M $223M
Treasury Stock 12-point trend, +214.7% $41M $41M $41M $41M $41M $41M $41M $41M $41M $41M $41M $13M
AOCI 12-point trend, -255.0% $-8M $-28M $-33M $-42M $3M $11M $504.2K $-14M $-3M $-2M $773.7K $5M
Stockholders' Equity 12-point trend, +53.9% $640M $546M $480M $484M $531M $518M $451M $399M $449M $439M $408M $416M
Liabilities + Equity 12-point trend, +63.6% $2.39B $2.34B $2.27B $2.24B $2.26B $2.16B $1.92B $1.83B $1.74B $1.62B $1.54B $1.46B
Cash Flow 13
Annual Cash Flow data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -12.7% $3M $4M $4M $5M $6M $7M $6M $7M $6M $7M $7M $4M
Operating Cash Flow 12-point trend, +57.7% $70M $67M $29M $67M $77M $101M $76M $64M $81M $60M $68M $45M
CapEx 2-point trend, -92.9% · · · · · · · · · · $151.5K $2M
Investing Cash Flow 10-point trend, -77.6% $-91M $-48M $-17M $-98M $-62M $-100M $-43M $-38M $-58M $-51M · ·
Stock Issued 12-point trend, +91.3% $20M $32M $9M $19M $14M $19M $5M $3M $16M $14M $16M $11M
Stock Repurchased 2-point trend, +233765.6% · · · · · · · · · · $28M $12.0K
Net Stock Activity 11-point trend, +262.3% $20M $32M $9M $19M $14M $19M $5M $3M $16M $14M $-13M ·
Dividends Paid 12-point trend, +89.1% $26M $23M $22M $21M $19M $17M $16M $16M $15M $14M $14M $14M
Financing Cash Flow 10-point trend, +57.6% $-5M $10M $-13M $-1M $-60M $52M $-36M $-11M $-9M $-12M · ·
Net Change in Cash 5-point trend, +85.9% · · · · · · · $15M $13M $-4M $-7M $8M
Taxes Paid 12-point trend, +790.1% $23M $4M $250.1K $4M $6M $13M $-10M $-3M $3M $7M $7M $3M
Free Cash Flow · · · · · · · · · · $66M ·
Levered FCF · · · · · · · · · · $65M ·
Profitability 4
Annual Profitability data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 11-point trend, +145.8% 8.1% 5.1% 0.48% -0.23% 3.1% 6.8% 5.8% -4.2% 0.96% 4.5% 3.3% ·
Pretax Margin 11-point trend, +130.0% 10.0% 6.3% 0.55% -0.43% 3.7% 8.1% 7.0% -6.2% 1.6% 6.0% 4.3% ·
ROA 11-point trend, +140.0% 3.4% 2.2% 0.20% -0.09% 1.1% 2.6% 2.5% -1.8% 0.42% 1.9% 1.4% ·
ROE 11-point trend, +150.1% 12.7% 9.6% 0.93% -0.41% 4.7% 10.3% 10.5% -8.1% 1.6% 7.3% 5.1% ·
Efficiency 1
Annual Efficiency data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -2.5% 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 ·
Growth Rates 7
Annual Growth Rates data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -123.5% -1.2% 6.7% 9.3% 3.9% 5.0% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -19.5% 4.9% 6.6% 6.0% · · · · · · · · ·
Revenue CAGR 5Y 4.7% · · · · · · · · · · ·
Net Income YoY 3-point trend, +207.3% 56.0% 1049.3% · · -52.2% · · · · · · ·
Net Income CAGR 3Y 2-point trend, +146.7% · 26.3% -56.2% · · · · · · · · ·
Net Income CAGR 5Y 8.5% · · · · · · · · · · ·
Dividend CAGR 5Y 8.6% · · · · · · · · · · ·
Valuation (TTM) 4
Annual Valuation (TTM) data for DGICA
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +66.7% $978M $990M $927M $848M $816M $778M $812M $772M $739M $688M $636M $587M
Net Income TTM 12-point trend, +445.7% $79M $51M $4M $-2M $25M $53M $47M $-33M $7M $31M $21M $15M
Payout Ratio 11-point trend, -53.0% 32.4% 44.6% 494.7% -1046.4% 75.6% 32.1% 34.1% -47.8% 208.3% 45.7% 68.9% ·
Annual Payout 12-point trend, +89.1% $26M $23M $22M $21M $19M $17M $16M $16M $15M $14M $14M $14M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $978M$990M$927M$848M$816M
Net Income $79M$51M$4M$-2M$25M

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 162 filers · $172.1M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
26 (-2 vs prior Q) 21 (+4 vs prior Q) 62 (+21 vs prior Q) 32 (-18 vs prior Q) -151K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
DIMENSIONAL FUND ADVISORS LP $32,762,272 1,737,130 19.04% Shares
VANGUARD CAPITAL MANAGEMENT LLC $13,328,475 706,706 7.75% Shares
GEODE CAPITAL MANAGEMENT, LLC $10,028,191 531,579 5.83% Shares
AMERICAN CENTURY COMPANIES INC $8,861,956 469,881 5.15% Shares
STATE STREET CORP $7,668,533 406,603 4.46% Shares
RENAISSANCE TECHNOLOGIES LLC $6,787,921 359,911 3.94% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $5,037,016 267,074 2.93% Shares
CALDWELL SUTTER CAPITAL, INC. $4,270,640 226,439 2.48% Shares
LOGAN CAPITAL MANAGEMENT INC $4,219,039 223,703 2.45% Shares
Connor, Clark & Lunn Investment Management Ltd. $4,141,015 219,566 2.41% Shares
ROYCE & ASSOCIATES LP $3,945,191 209,183 2.29% Shares
Foundry Partners, LLC $3,739,809 190,515 2.17% Shares
TWO SIGMA INVESTMENTS, LP $3,719,814 197,233 2.16% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,150,488 167,046 1.83% Shares
GOLDMAN SACHS GROUP INC $2,809,122 148,946 1.63% Shares
Qube Research & Technologies Ltd $2,705,335 143,443 1.57% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,685,928 142,414 1.56% Shares
Bank of New York Mellon Corp $2,648,529 140,431 1.54% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $2,579,690 136,781 1.50% Shares
VANGUARD FIDUCIARY TRUST CO $2,144,175 113,689 1.25% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $2,114,452 112,113 1.23% Shares
MILLENNIUM MANAGEMENT LLC $1,984,921 105,245 1.15% Shares
RAYMOND JAMES FINANCIAL INC $1,888,546 100,135 1.10% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $1,887,792 100,095 1.10% Shares
PINNACLE ASSOCIATES LTD $1,751,604 92,874 1.02% Shares
Empowered Funds, LLC $1,708,829 90,606 0.99% Shares
Trexquant Investment LP $1,696,476 89,951 0.99% Shares
BlackRock, Inc. $1,693,289 89,782 0.98% Shares
CANNELL CAPITAL LLC $1,564,230 82,939 0.91% Shares
D. E. Shaw & Co., Inc. $1,419,064 75,242 0.82% Shares
BANK OF AMERICA CORP /DE/ $1,348,509 71,501 0.78% Shares
Quantinno Capital Management LP $1,191,560 63,179 0.69% Shares
NORGES BANK $1,150,460 61,000 0.67% Shares
CITADEL ADVISORS LLC $1,142,067 60,555 0.66% Shares
Brandywine Global Investment Management, LLC $1,116,882 55,900 0.65% Shares
VICTORY CAPITAL MANAGEMENT INC $1,093,880 58,000 0.64% Shares
FRANKLIN RESOURCES INC $1,069,362 56,700 0.62% Shares
FIRST TRUST ADVISORS LP $1,065,948 56,519 0.62% Shares
Numerai GP LLC $903,677 47,915 0.53% Shares
Campbell & CO Investment Adviser LLC $882,026 46,767 0.51% Shares
Minerva Advisors LLC $876,801 46,490 0.51% Shares
MML INVESTORS SERVICES, LLC $857,061 45,443 0.50% Shares
TWO SIGMA ADVISERS, LP $823,176 41,200 0.48% Shares
BARCLAYS PLC $746,442 39,578 0.43% Shares
MARTINGALE ASSET MANAGEMENT L P $718,963 38,121 0.42% Shares
Swiss National Bank $654,442 34,700 0.38% Shares
AMERIPRISE FINANCIAL INC $641,976 34,039 0.37% Shares
PANAGORA ASSET MANAGEMENT INC $573,551 30,411 0.33% Shares
ALLIANCEBERNSTEIN L.P. $426,820 24,844 0.25% Shares
AlphaQuest LLC $425,874 21,315 0.25% Shares
ExodusPoint Capital Management, LP $403,076 21,372 0.23% Shares
RHUMBLINE ADVISERS $399,636 21,190 0.23% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $395,244 20,946 0.23% Shares
COMMONWEALTH EQUITY SERVICES, LLC $376,340 19,954 0.22% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $343,667 18,222 0.20% Shares
VANGUARD ASSET MANAGEMENT, Ltd $331,106 17,556 0.19% Shares
UBS Group AG $322,581 17,104 0.19% Shares
Orion Porfolio Solutions, LLC $288,806 15,313 0.17% Shares
Pinnacle Wealth Management Advisory Group, LLC $285,352 15,130 0.17% Shares
FIDELIS CAPITAL PARTNERS, LLC $284,937 15,108 0.17% Shares
Ancora Advisors LLC $273,470 14,500 0.16% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $262,459 15,277 0.15% Shares
MERCER GLOBAL ADVISORS INC /ADV $251,800 13,351 0.15% Shares
Orion Portfolio Solutions, LLC $251,778 12,826 0.15% Shares
Balyasny Asset Management L.P. $238,504 12,646 0.14% Shares
Savant Capital, LLC $235,274 12,475 0.14% Shares
Bleakley Financial Group, LLC $214,186 11,357 0.12% Shares
Y-Intercept (Hong Kong) Ltd $212,571 11,271 0.12% Shares
Mariner, LLC $203,541 10,792 0.12% Shares
Vise Technologies, Inc. $201,189 10,668 0.12% Shares
MetLife Investment Management, LLC $197,709 10,483 0.11% Shares
CWM, LLC $194,976 11,349 0.11% Shares
US BANCORP \DE\ $192,957 10,231 0.11% Shares
IAG Wealth Partners, LLC $186,563 9,892 0.11% Shares
IFP Advisors, Inc $173,776 9,214 0.10% Shares
MORGAN STANLEY $168,571 8,938 0.10% Shares
Steward Partners Investment Advisory, LLC $160,310 8,500 0.09% Shares
VIRTUS ADVISERS, LLC $159,348 8,449 0.09% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $150,126 7,960 0.09% Shares
JPMORGAN CHASE & CO $134,917 7,165 0.08% Shares
Invesco Ltd. $129,191 6,850 0.08% Shares
Vanguard Investments Australia, Ltd. $102,410 5,430 0.06% Shares
PhiloSmith Capital Corp $97,921 5,192 0.06% Shares
BNP PARIBAS FINANCIAL MARKETS $93,112 4,937 0.05% Shares
Police & Firemen's Retirement System of New Jersey $92,056 4,881 0.05% Shares
NEW YORK STATE COMMON RETIREMENT FUND $89,887 4,766 0.05% Shares
VANGUARD GROUP INC $79,321 3,970 0.05% Shares
SALEM INVESTMENT COUNSELORS INC $70,914 3,760 0.04% Shares
KLP KAPITALFORVALTNING AS $69,782 3,700 0.04% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $69,115 4,023 0.04% Shares
OSAIC HOLDINGS, INC. $64,965 3,444 0.04% Shares
Vanguard Global Advisers, LLC $64,445 3,417 0.04% Shares
Russell Investments Group, Ltd. $63,325 3,358 0.04% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $62,710 3,325 0.04% Shares
WELLS FARGO & COMPANY/MN $59,504 3,155 0.03% Shares
Allworth Financial LP $57,071 3,026 0.03% Shares
Creative Planning $53,072 2,814 0.03% Shares
NORTHERN TRUST CORP $51,394 2,725 0.03% Shares
Tower Research Capital LLC (TRC) $49,508 2,625 0.03% Shares
Smartleaf Asset Management LLC $49,270 2,616 0.03% Shares

Company insiders 41 insiders · 15 officers · 8 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Kevin Gerard Burke President & Chief Exec Officer July 1, 2025 J 12,040 0 0 $0
David Benjamin Bawel SVP & CHIEF ACCOUNTING OFFICER July 1, 2025 J 21,336 0 0 $0
Noland Rone Deas JR Senior Vice President July 1, 2025 J 2,521 0 0 $0
William Daniel Delamater EVP & Chief Oper Officer July 1, 2025 J 1,725 0 0 $0
Jeffery Tim Hay Senior Vice President July 1, 2025 J 6,861 0 0 $0
Christina Marie Hoffman Sr. VP & Chief Risk Officer July 1, 2025 J 4,497 0 0 $0
William Albert Folmar Sr. Vice President July 1, 2025 J 968 0 0 $0
Sanjay Pandey Sr. VP & Chief Info Officer July 1, 2025 J 7,909 0 0 $0
Vincent Anthony Viozzi Sr. VP & Chief Inv Officer May 27, 2025 M 8,143 0 0 $0
David Wayne Sponic Senior Vice President May 15, 2025 J 368 0 0 $0
Kristi Spencer Altshuler Sr. Vice President May 1, 2025 M 0 0 0 $0
Jeffrey Alan Jacobsen Sr. Vice President June 3, 2022 M 100 0 0 $0
Francis Joseph Haefner JR Sr. Vice President Jan. 4, 2022 J 6,376 0 0 $0
Richard George Kelley Sr. Vice President Jan. 4, 2022 J 10,152 0 0 $0
Ralph G Spontak Senior VP March 25, 2005 J 6,198 0 0 $0
Jack Lee Hess Director July 29, 2025 M 120,920 0 0 $0
Dennis Joseph Bixenman Director April 29, 2025 M 8,155 0 0 $0
Britta Harris Schatz Director Jan. 2, 2025 A 1,000 0 0 $0
David Charles King Director Jan. 2, 2025 A 2,500 0 0 $0
Annette Brookens Szady Director Jan. 2, 2025 A 2,500 0 0 $0
Scott Andrew Berlucchi Director Jan. 2, 2025 A 8,897 0 0 $0
Kevin Michael Kraft SR Director Jan. 2, 2025 A 13,436 0 0 $0
DONEGAL MUTUAL INSURANCE CO 10% owner June 3, 2026 P 14,117,109 58 0 $13,051,917
Gregory M. Shepard 10% owner Dec. 21, 2015 S 0 0 0 $0
Jeffrey Dean Miller — May 15, 2026 J 41,748 0 0 $0
Barry C Huber — Jan. 2, 2026 A 16,567 0 0 $0
Jon Marshall Mahan — Jan. 2, 2026 A 10,688 0 1 $-85,815
Sewell Trezevant Moore Jr — Jan. 2, 2026 A 27,355 0 1 $-88,650
Daniel J Wagner — Nov. 13, 2025 M 95,384 0 2 $-355,764
Robert Richard Long JR — July 1, 2024 J 1,472 0 0 $0
Matthew Thomas Hudnall — Jan. 2, 2024 J 497 0 0 $0
Richard D Wampler II — Jan. 2, 2024 A 10,102 0 0 $0
Cyril J Greenya — Jan. 2, 2020 J 9,048 0 0 $0
Patricia A Gilmartin — Jan. 2, 2020 A 1,500 0 0 $0
Robert S Bolinger — Jan. 2, 2020 A 10,110 0 0 $0
Robert G Shenk — Feb. 15, 2019 J 22,906 0 0 $0
Donald H Nikolaus — Aug. 15, 2018 J 204,150 0 0 $0
Philip H Glatfelter II — Aug. 15, 2016 J 13,041 0 0 $0
John J Lyons — Jan. 2, 2014 A 43,418 0 0 $0
Richard R Sherbahn — Feb. 15, 2013 J 6,705 0 0 $0
Philip A Garcia — Jan. 3, 2011 A 622 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 13 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Donegal Mutual Insurance Company ×12 filings April 29, 2022 — Initial filing Passive investment SEC
S.S. OR ×19 filings Dec. 21, 2015 — Initial filing — SEC
Aug. 1, 2013 — Initial filing — SEC
July 24, 2013 — Initial filing — SEC
July 19, 2013 — Initial filing — SEC
June 13, 2013 — Initial filing — SEC
May 8, 2013 — Initial filing — SEC
April 22, 2013 — Initial filing — SEC
April 11, 2013 — Initial filing — SEC
March 27, 2013 — Initial filing — SEC
Gregory M. Shepard ×3 filings March 20, 2013 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person April 15, 2003 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person June 29, 2001 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 45 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SMDV · ProShares Trust 0.92% 356,480 NS May 31, 2026 N-PORT
ROSC · Lattice Strategies Trust 0.43% 13,947 NS April 30, 2026 N-PORT
ESSC · Strategy Shares 0.19% 2,937 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.08% 116,298 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.03% 117,122 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.03% 14,535 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.02% 39,097 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.02% 375,184 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.02% 174,081 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 103,694 NS April 30, 2026 N-PORT
EBI · RBB Fund Trust 0.01% 3,690 NS May 31, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.01% 57 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.01% 7,340 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.01% 793 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 83,934 NS May 31, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.00% 5,652 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.00% 619 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 626 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 70,170 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 764 NS May 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 12,386 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.00% 16 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 2,346 NS April 30, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 1,258 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 6,112 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 3,418 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 5,057 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 9,441 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.00% 28 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS — — July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS — — July 15, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND — — July 30, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS — — July 15, 2026 Daily
ITOT · iShares Trust — — July 22, 2026 Daily
IWV · iShares Trust — — Aug. 18, 2026 Daily
IWN · iShares Trust — — Aug. 17, 2026 Daily
IWM · iShares Trust — — Aug. 18, 2026 Daily
IWC · iShares Trust — — Aug. 18, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust — — July 13, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust — — July 13, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… — — July 13, 2026 Daily
VFH · VANGUARD WORLD FUND — — July 20, 2026 Daily
WSML · iShares Trust — — Aug. 11, 2026 Daily