Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Donegal Group Inc (DGICA)

152 + Investors. Track Smart Money conviction in DGICA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
11Q ▲
Buyers last Q
47%

Smart Money Signals — DGICA

Based on 155 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added DGICA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
155 hedge funds hold DGICA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

65 buying73 selling
Last quarter: 73 funds reduced or exited vs 65 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new DGICA position: 26 → 29 → 15 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 28% medium ■ 24% new
75 out of 155 hedge funds have held DGICA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -1%, value -20%

Value
-20%
Shares
0%
Last quarter: funds added -1% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

23 → 26 → 29 → 15 → 24 new funds/Q
New funds entering each quarter: 26 → 29 → 15 → 24. DGICA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 57% veterans vs 32% newcomers

■ 57% veterans ■ 11% 1-2yr ■ 32% new
Entry-cohort mix of 155 holders: 89 (57%) are 2+ year veterans, 17 entered 1–2 years ago, and 49 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
39 of 154 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in DGICA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DGICA

In 2026 Q1, 65 hedge funds were net buyers of DGICA (24 opened a new position, 41 added to an existing one), while 73 reduced or exited (53 trimmed, 20 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 64% of total institutional value in DGICA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 155.

Hedge Fund Ownership: DGICA

How many hedge funds hold DGICA — quarterly history vs. share price
Quarterly hedge fund ownership of DGICA vs. share price

Market Analysis: DGICA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DGICA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Donegal Group Inc (DGICA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DGICA has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 50d ago
DGICA
-1.5%
XLF
+7.9%

DGICA outperformed XLF by -9.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 5d ago
DGICA
-0.9%
XLF
-0.5%

Since the filing became public, DGICA outperformed XLF by -0.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: DGICA
152 + Investors

Track Smart Money conviction in DGICA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 152 155 -1.94%
13F Shares 14M 13M 3.13%
Total Value $236M $211M 11.8%
New Positions 23 24 -1
Increased Positions 70 41 +29
Closed Positions 26 20 +6
Reduced Positions 31 53 -22
Total Calls 0 0 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DGICA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

152 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DGICA. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DGICA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caldwell Sutter Capital, INC. 1.61% 226,439 $4.3M
2 Cannell Capital LLC 1.05% 82,939 $1.6M
3 Minerva Advisors LLC 0.55% 46,490 $877K
4 Logan Capital Management Inc 0.16% 223,703 $4.2M
5 EntryPoint Capital, LLC 0.13% 14,609 $188K
6 Numerai GP LLC 0.07% 47,915 $904K
7 Virtus Advisers, LLC 0.06% 8,449 $159K
8 Campbell & CO Investment Adviser LLC 0.05% 46,767 $882K
9 Bridgeway Capital Management, LLC 0.05% 136,781 $2.6M
10 Royce & Associates LP 0.03% 209,183 $3.9M
11 PhiloSmith Capital Corp 0.03% 5,192 $98K
12 Pinnacle Associates Ltd 0.02% 92,874 $1.8M
13 IAG Wealth Partners, LLC 0.02% 9,892 $187K
14 Martingale Asset Management L P 0.02% 38,121 $719K
15 Pinnacle Wealth Management Advisory Group, LLC 0.02% 15,130 $285K
16 Fidelis Capital Partners, LLC 0.02% 15,108 $285K
17 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% 44,875 $846K
18 Connor, Clark & Lunn Investment Management Ltd. 0.01% 322,288 $6.1M
19 Trexquant Investment LP 0.01% 89,951 $1.7M
20 Renaissance Technologies LLC 0.01% 359,911 $6.8M
21 Empowered Funds, LLC 0.01% 90,606 $1.7M
22 Ascent Group, LLC 0.01% 12,666 $239K
23 Jacobs Levy Equity Management, Inc 0.01% 100,095 $1.9M
24 Ancora Advisors LLC 0.01% 14,500 $273K
25 Jump Financial, LLC 0.00% 17,952 $352K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Donegal Group Inc (DGICA)

What does the Smart Money Trend signal show for DGICA?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added DGICA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DGICA?

More sellers than buyers — 47% buying: Last quarter: 73 funds reduced or exited vs 65 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DGICA holders?

Elite ownership — 64% AUM from top-100 funds: 39 of 154 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in DGICA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DGICA?

48% of holders stayed for 2+ years: 75 out of 155 hedge funds have held DGICA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Donegal Group Inc (DGICA) following the 2026 Q2 hedge fund 13F filings?

As of today, DGICA has moved -0.9% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.5% for the XLF sector ETF — an outperformance of -0.4%. Since the quarter end (June 30, 2026), DGICA has gained -1.5% vs +7.9% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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