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DONEGAL GROUP INC [DGICA]

Reporting date: 10/10/2025

⚠️ Neutral Insider Mix Detected

📝 What Happened

  • Insider: WAGNER DANIEL J
  • Role: Sr. VP & Treasurer (Officer)
  • Company: DONEGAL GROUP INC (DGICA)
  • Transaction Date(s): 2025-10-10
  • Table I (Non-Derivative Securities)
    • Sale : 71,997
    • Average Sale Price: $0.00
    • Total Value: 71,997 * $0.00 = $0.00
    • Post-Transaction Direct Holdings: 95,384 (Class A)
    • Indirect Holdings: 0 (Class A held indirectly after transfer)
    • 10b5-1 Plan Used? No

📄 Summary

WAGNER DANIEL J, Sr. VP & Treasurer at DONEGAL GROUP INC (DGICA), mixed 71,997 shares on October 10, 2025, at a reported price of $0.00, with total value not fully determinable. Despite the disposition, he retains 95,384 Class A common shares (direct) and 166 Class B common shares (direct). For retail traders, this is a neutral event: administrative re-titling between personal accounts, not a market exit.

🔑 Interpretation

  • Type: Administrative transfer between personal accounts (not a compensation award; non-discretionary/account re-titling)
  • Disposition: Shares were transferred (held), not sold to a third party for cash
  • Size Context: The 71,997-share move represents a material internal re-titling relative to reported holdings (post-transaction direct Class A = 95,384). It appears administrative rather than opportunistic profit-taking.
  • ATH Metric: Using the latest available close as the reference, there is no indication in this filing that the transfer coincided with an all-time high or low; the transaction is an internal retitling and does not appear timed to extremes in the stock’s price history.
  • Outlier Check: Cannot conclusively determine unusualness versus historical insider activity from this single filing alone; the transferred amount is sizable relative to his holdings but consistent with a retirement-account to IRA retitling.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filing reflects an internal transfer (transaction codes show a disposition from an indirect 401(k) account and an acquisition into a direct account) rather than a market sale or purchase; no cash proceeds or purchases are reported and beneficial ownership did not change materially. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like a routine account retitling between personal accounts rather than a market-driven sale. For retail traders, it’s noise — not a tradeable signal unless corroborated by coordinated sales from multiple senior insiders.