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Donegal Group Inc. (DGICA)

USD18.36 -0.40 (-2.15%)
US NASDAQ Financial Services Insurance - Property & Casualty
Address 1205 River Road 17547
Marietta, PA, US
CEO Kevin G. Burke
IPO 2003-07-03
CIK 800457 ISIN US2577012014

Explore sections of this company profile

Also trades on NASDAQ Global Select · DGICA (USD) NASDAQ Global Select · DGICB (USD)
Description

Donegal Group, Inc. is an insurance holding company, which engages in the provision of property and casualty insurance to businesses and individuals. It operates through the following segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The Investment Function segment covers investment activities. The Personal Lines of Insurance segment consists of homeowners and private passenger automobile policies. The Commercial Lines of Insurance segment includes commercial automobile, commercial multi-peril, and workers compensation policies. The company was founded on August 26, 1986 and is headquartered in Marietta, PA.

Market Cap & Enterprise Value
Merger & Acquisition History
Target company Ticker Date Filing
CREDIT RISK DGI 2010-06-25 View
Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD18.36 -0.40 (-2.15%)
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Volume Profile
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Liquidity & share structure
Average Volume
133.2K
Beta
-0.03
Float Shares
17.77M
Free Float %
48.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.28% -1.05% -2.20% -9.52% -14.93% -15.32% -14.46% +17.34% +12.50% +9.66% +186.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (2 ratings, all time) Buy
Price Targets & DCF
Current price
18.36
DCF (Unlevered) 145.79 +694.2%
DCF (Levered) 68.46 +272.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.01
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Property & Casualty: +14.1%
    -1.2% Q1'26: -3.7% (vs Q1'25)
  • EPS growth Insurance - Property & Casualty: +27.5%
    +42.5% Q1'26: -55.7% (vs Q1'25)
  • FCF margin FCF growth · Insurance - Property & Casualty: +25.6%
    +7.2% Q1'26: +8.5% (vs Q1'25)
  • EBIT margin Insurance - Property & Casualty: +16.3%
    +10.1% Q1'26: +6.1% (vs Q1'25)
  • ROIC Insurance - Property & Casualty: +7.9%
    +52.2% Q1'26: +7.3% (vs Q1'25)
  • Share dilution Insurance - Property & Casualty: +0.4%
    -5.5% Q1'26: +2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Property & Casualty: -0.10×
    0.34× Q1'26: 0.61× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.01) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 143.25 Current price: 18.36
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
372.31M
est: 438.92M (-15.2%)
386.26M
est: 1.07B (-64.1%)
408.82M
est: 2.03B (-79.9%)
472.99M
est: 1.38B (-65.8%)
510.45M
est: 712.45M (-28.4%)
544.20M
est: 692.24M (-21.4%)
585.30M
est: 3.23B (-81.9%)
635.11M
est: 624.93M (+1.6%)
687.34M
est: 679.59M (+1.1%)
737.40M
est: 729.99M (+1.0%)
769.13M
est: 750.72M (+2.5%)
812.16M
est: 753.87M (+7.7%)
777.82M
est: 742.27M (+4.8%)
816.47M
est: 808.10M (+1.0%)
848.22M
est: 834.20M (+1.7%)
927.34M
est: 894.29M (+3.7%)
989.61M
est: 958.42M (+3.3%)
978.01M
est: 916.77M (+6.7%)
901.98M
901.20M – 902.77M
-1.6% YoY
935.76M
934.94M – 936.57M
+3.7% YoY
EBITDA
36.31M
est: 42.25M (-14.1%)
24.98M
est: 27.85M (-10.3%)
13.79M
est: 20.07M (-31.3%)
-506.0K
est: -7.18M (+93.0%)
34.17M
est: 31.23M (+9.4%)
37.39M
est: 39.15M (-4.5%)
21.32M
est: 26.68M (-20.1%)
35.44M
est: 39.40M (-10.0%)
49.57M
est: 48.26M (+2.7%)
19.82M
est: 23.66M (-16.2%)
-39.33M
est: -146.54M (+73.2%)
64.23M
est: 73.84M (-13.0%)
71.19M
est: 57.26M (+24.3%)
37.07M
est: 33.01M (+12.3%)
1.82M
est: -6.81M (+126.8%)
10.01M
est: -7.09M (+241.1%)
67.16M
est: 179.92M (-62.7%)
102.02M
est: 172.10M (-40.7%)
169.33M
169.18M – 169.47M
-1.6% YoY
175.67M
175.51M – 175.82M
+3.7% YoY
EBIT
33.91M
est: 16.47M (+105.9%)
22.42M
est: 40.34M (-44.4%)
10.64M
est: 76.29M (-86.0%)
-4.61M
est: 51.84M (-108.9%)
30.22M
est: 26.74M (+13.0%)
34.35M
est: 25.98M (+32.2%)
17.80M
est: 121.12M (-85.3%)
28.70M
est: 23.45M (+22.4%)
42.99M
est: 25.51M (+68.5%)
13.71M
est: 27.40M (-50.0%)
-45.93M
est: 28.18M (-263.0%)
58.66M
est: 28.29M (+107.3%)
64.47M
est: 27.86M (+131.4%)
31.23M
est: 30.33M (+3.0%)
-3.02M
est: 31.31M (-109.6%)
5.68M
est: 33.56M (-83.1%)
63.28M
est: 180.86M (-65.0%)
98.94M
est: 173.00M (-42.8%)
170.21M
170.06M – 170.36M
-1.6% YoY
176.59M
176.43M – 176.74M
+3.7% YoY
Net Income
25.54M
est: 29.78M (-14.2%)
18.83M
est: 19.87M (-5.2%)
11.47M
est: 16.29M (-29.6%)
453.0K
est: -2.27M (+119.9%)
23.09M
est: 20.63M (+12.0%)
26.32M
est: 27.37M (-3.8%)
14.54M
est: 17.32M (-16.0%)
20.99M
est: 22.78M (-7.9%)
30.80M
est: 29.85M (+3.2%)
7.12M
est: 7.10M (+0.2%)
-32.76M
est: -109.65M (+70.1%)
47.15M
est: 55.40M (-14.9%)
52.82M
est: 42.52M (+24.2%)
25.25M
est: 19.63M (+28.7%)
-1.96M
est: -17.64M (+88.9%)
4.43M
est: -18.82M (+123.5%)
50.86M
est: 31.26M (+62.7%)
79.34M
est: 68.78M (+15.4%)
55.25M
55.19M – 55.31M
-19.7% YoY
61.96M
61.89M – 62.03M
+12.1% YoY
SGA
— – —
— – —
EPS
0.92
est: 1.62 (-43.2%)
0.30
est: 1.18 (-74.5%)
0.45
est: 1.64 (-72.5%)
0.02
est: -0.03 (+166.7%)
0.90
est: 0.66 (+37.4%)
1.01
est: 1.19 (-15.1%)
0.56
est: 1.47 (-61.8%)
0.97
est: 1.05 (-7.6%)
1.16
est: 1.15 (+1.0%)
0.26
est: 0.62 (-58.0%)
-1.16
est: -1.00 (-16.0%)
1.68
est: 0.83 (+102.2%)
1.80
est: 1.67 (+7.9%)
0.82
est: 0.90 (-8.8%)
-0.06
est: 0.37 (-116.4%)
0.14
est: 0.39 (-64.5%)
1.54
est: 1.00 (+53.9%)
2.22
est: 2.20 (+0.8%)
1.77
1.77 – 1.77
-19.7% YoY
1.98
1.98 – 1.99
+12.1% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-01 Keefe, Bruyette & Woods Market Perform Market Perform Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-08 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-07 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-06 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-05 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-04 B+ 3/5 1/5 3/5 5/5 3/5 3/5 3/5
2026-05-01 B 3/5 1/5 3/5 5/5 1/5 4/5 3/5
2026-04-30 B 3/5 1/5 3/5 5/5 1/5 4/5 3/5
2026-04-29 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-28 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-27 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-24 A- 4/5 1/5 4/5 5/5 3/5 4/5 3/5
2026-04-23 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-22 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-21 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-20 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-17 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5
2026-04-16 B+ 3/5 1/5 4/5 5/5 2/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
70.06M
OE per share TTM
2.08
Owner's Yield
11.21%
Maintenance CapEx ratio
0.21%
Maint CapEx / Avg PPE
0.4%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
26
Total invested
16.79M
Insider transactions (90d)
0
Beneficial owners (>5%)
12
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Wells Fargo & Company 1.72M 8.79% 1.65M 1.66M HC Delaware 2007-02-05
2 Gregory M Shepard 1.67M 5.83% IN United States of America 2010-02-16
3 30-0447847 1.67M 6.50% 1.62M 1.67M IA Delaware Limited Partnership 2022-02-08
4 Wells Capital Management Incorporated 1.65M 8.41% 1.32M 1.65M IA California 2007-02-05
5 Federal ID No. 95-3692822 1.59M 11.32% IA California 2006-01-31
6 (. 1.48M 6.59% 1.44M 1.48M IA Delaware Limited Partnership 2016-02-09
7 (1)Names of reporting persons. BlackRock, Inc. 1.38M 5.30% 1.34M 1.38M HC Delaware 2022-02-04
8 Deutsche Bank AG* 423.8K 4.32% 378.8K 423.8K BK, HC, CO Federal Republic of Germany 2004-04-12
9 Deutsche Bank Trust Company Americas 308.0K 4.86% 241.5K 308.0K BK, CO Delaware 2004-02-10
10 04-2683227 139.7K 4.68% 79.7K 139.7K IA Massachusetts 2003-02-12
11 Deutsche Investment Management Americas, Inc. 137.3K 2.17% 137.3K 137.3K IA, CO Delaware 2004-02-10
12 Deutsche Asset Management Group Ltd, London 61.5K 0.97% 61.5K 61.5K IV, CO United Kingdom 2004-02-10

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
26
-126 vs prev Q
New positions
5
Closed positions
131
Increased
11
Reduced
7
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BLACKROCK, INC. 2.01M +36.8K (+1.9%) 40.20M +1.9M (+5.0%) 6.58% +1.045 pp 0.00% +0.000 pp USD15.71 +27.2% 6 qtrs
2 DIMENSIONAL FUND ADVISORS LP 1.73M -17.5K (-1.0%) 34.56M +681.2K (+2.0%) 5.66% +0.760 pp 0.01% +0.000 pp USD14.60 +36.8% 51 qtrs
3 VANGUARD GROUP INC 1.02M +14.9K (+1.5%) 20.44M +893.3K (+4.6%) 3.35% +0.521 pp 0.00% +0.000 pp USD15.42 +29.6% 84 qtrs
4 GEODE CAPITAL MANAGEMENT, LLC 534.7K +11.9K (+2.3%) 10.69M +546.0K (+5.4%) 1.75% +0.284 pp 0.00% +0.000 pp USD16.67 +19.9% 72 qtrs
5 OLD REPUBLIC INTERNATIONAL CORP 425.5K +— (+0.0%) 8.50M +251.0K (+3.0%) 1.39% +0.199 pp 0.34% +0.038 pp USD15.34 +30.2% 40 qtrs
6 STATE STREET CORP 391.7K +3.3K (+0.8%) 7.83M +294.9K (+3.9%) 1.28% +0.193 pp 0.00% +0.000 pp USD15.45 +29.3% 51 qtrs
7 RENAISSANCE TECHNOLOGIES LLC 371.2K +5.8K (+1.6%) 7.42M +331.5K (+4.7%) 1.21% +0.190 pp 0.01% +0.002 pp USD15.37 +30.0% 45 qtrs
8 CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. 363.3K -21.1K (-5.5%) 7.26M -195.5K (-2.6%) 1.19% +0.111 pp 0.02% -0.004 pp USD16.77 +19.1% 8 qtrs
9 AMERICAN CENTURY COMPANIES INC 312.2K +68.6K (+28.2%) 6.24M +1.5M (+32.1%) 1.02% +0.338 pp 0.00% +0.001 pp USD19.31 +3.5% 14 qtrs
10 PROSHARE ADVISORS LLC 308.8K -23.7K (-7.1%) 6.17M -277.8K (-4.3%) 1.01% +0.078 pp 0.01% -0.003 pp USD19.99 -0.1% 3 qtrs
11 PHILADELPHIA TRUST CO 247.7K -1.9K (-0.8%) 4.95M +110.0K (+2.3%) 0.81% +0.111 pp 0.34% +0.001 pp USD14.84 +34.6% 43 qtrs
12 GOLDMAN SACHS GROUP INC 236.1K +127.5K (+117.3%) 4.72M +2.6M (+123.9%) 0.77% +0.468 pp 0.00% +0.000 pp USD17.71 +12.8% 26 qtrs
13 MORGAN STANLEY 224.9K -6.3K (-2.7%) 4.49M +11.2K (+0.3%) 0.74% +0.088 pp 0.00% +0.000 pp USD15.08 +32.5% 51 qtrs
14 WELLS FARGO & COMPANY/MN 224.0K +4.1K (+1.9%) 4.48M +212.4K (+5.0%) 0.73% +0.116 pp 0.00% +0.000 pp USD15.01 +33.1% 57 qtrs
15 LOGAN CAPITAL MANAGEMENT INC 223.7K +— (+0.0%) 4.47M +132.0K (+3.0%) 0.73% +0.105 pp 0.19% +0.005 pp USD14.20 +40.7% 51 qtrs
16 CALDWELL SUTTER CAPITAL, INC. 212.3K -11.1K (-4.9%) 4.24M -89.0K (-2.1%) 0.69% +0.068 pp 1.80% -0.052 pp USD14.19 +40.8% 13 qtrs
17 KENNEDY CAPITAL MANAGEMENT LLC 203.6K -1.3K (-0.6%) 4.07M +95.2K (+2.4%) 0.67% +0.092 pp 0.09% -0.002 pp USD15.39 +29.8% 54 qtrs
18 AQR CAPITAL MANAGEMENT LLC 200.0K -3.0K (-1.5%) 4.00M +59.6K (+1.5%) 0.65% +0.085 pp 0.00% 0.000 pp USD19.20 +4.1% 5 qtrs
19 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 195.6K +18.0K (+10.1%) 3.91M +464.2K (+13.5%) 0.64% +0.142 pp 0.00% +0.000 pp USD17.34 +15.2% 6 qtrs
20 TEACHER RETIREMENT SYSTEM OF TEXAS 192.4K -16.5K (-7.9%) 3.84M -206.1K (-5.1%) 0.63% +0.044 pp 0.01% -0.003 pp USD17.44 +14.6% 8 qtrs
21 CSM ADVISORS, LLC 179.2K +275.0 (+0.2%) 3.58M +112.0K (+3.2%) 0.59% +0.085 pp 0.10% +0.000 pp USD20.02 -0.2% 3 qtrs
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 170.3K +3.3K (+2.0%) 3.40M +164.0K (+5.1%) 0.56% +0.089 pp 0.00% +0.000 pp USD18.24 +9.5% 57 qtrs
23 ROYCE & ASSOCIATES LP 169.9K +144.9K (+579.4%) 3.39M +2.9M (+600.1%) 0.56% +0.485 pp 0.03% +0.030 pp USD19.89 +0.5% 2 qtrs
24 CREATIVE PLANNING 161.5K +6.1K (+4.0%) 3.23M +214.5K (+7.1%) 0.53% +0.093 pp 0.00% +0.000 pp USD19.07 +4.8% 5 qtrs
25 TWO SIGMA INVESTMENTS, LP 161.1K +8.7K (+5.7%) 3.22M +263.5K (+8.9%) 0.53% +0.100 pp 0.00% +0.000 pp USD17.55 +13.8% 19 qtrs
26 BANK OF NEW YORK MELLON CORP 157.5K +31.8K (+25.3%) 3.15M +709.7K (+29.1%) 0.52% +0.163 pp 0.00% +0.000 pp USD16.13 +23.9% 66 qtrs
27 NORTHERN TRUST CORP 155.4K -13.0K (-7.7%) 3.10M -159.5K (-4.9%) 0.51% +0.036 pp 0.00% +0.000 pp USD14.76 +35.4% 51 qtrs
28 ACADIAN ASSET MANAGEMENT LLC 141.1K -4.3K (-3.0%) 2.82M +— (+0.0%) 0.46% +0.054 pp 0.00% 0.000 pp USD16.84 +18.6% 6 qtrs
29 BRIDGEWAY CAPITAL MANAGEMENT, LLC 136.8K +— (+0.0%) 2.73M +80.7K (+3.0%) 0.45% +0.064 pp 0.06% +0.001 pp USD14.93 +33.8% 50 qtrs
30 JACOBS LEVY EQUITY MANAGEMENT, INC 131.6K -3.8K (-2.8%) 2.63M +3.6K (+0.1%) 0.43% +0.051 pp 0.01% 0.000 pp USD15.63 +27.8% 31 qtrs
31 QUBE RESEARCH & TECHNOLOGIES LTD 125.1K -7.7K (-5.8%) 2.50M -75.4K (-2.9%) 0.41% +0.037 pp 0.00% 0.000 pp USD18.26 +9.4% 7 qtrs
32 EMPOWERED FUNDS, LLC 90.6K +— (+0.0%) 1.81M +53.5K (+3.0%) 0.30% +0.042 pp 0.01% -0.003 pp USD14.34 +39.3% 11 qtrs
33 CANNELL CAPITAL LLC 82.9K +17.5K (+26.8%) 1.66M +388.4K (+30.6%) 0.27% +0.088 pp 0.80% +0.610 pp USD14.93 +33.8% 14 qtrs
34 MILLENNIUM MANAGEMENT LLC 75.7K -59.3K (-43.9%) 1.51M -1.1M (-42.2%) 0.25% -0.131 pp 0.00% -0.001 pp USD16.26 +22.9% 7 qtrs
35 BANK OF AMERICA CORP /DE/ 71.6K +16.6K (+30.2%) 1.43M +364.3K (+34.2%) 0.23% +0.080 pp 0.00% +0.000 pp USD18.43 +8.4% 52 qtrs
36 MML INVESTORS SERVICES, LLC 69.1K +15.3K (+28.4%) 1.38M +337.2K (+32.3%) 0.23% +0.075 pp 0.00% +0.001 pp USD19.52 +2.4% 2 qtrs
37 BARCLAYS PLC 68.9K +3.9K (+6.0%) 1.38M +418.7K (+43.7%) 0.23% +0.043 pp 0.00% +0.000 pp USD15.25 +31.0% 38 qtrs
38 LOS ANGELES CAPITAL MANAGEMENT LLC 67.7K +40.1K (+145.0%) 1.24M +708.7K (+132.2%) 0.22% +0.144 pp 0.00% +0.002 pp USD18.90 +5.7% 8 qtrs
39 QUANTINNO CAPITAL MANAGEMENT LP 62.2K +26.8K (+75.7%) 1.24M +556.1K (+81.0%) 0.20% +0.104 pp 0.00% +0.001 pp USD19.75 +1.2% 4 qtrs
40 BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC 55.9K -2.0K (-3.5%) 1.12M -5.8K (-0.5%) 0.18% +0.021 pp 0.01% 0.000 pp USD14.57 +37.1% 13 qtrs
41 FIRST TRUST ADVISORS LP 53.5K +1.8K (+3.5%) 1.07M +66.8K (+6.7%) 0.17% +0.030 pp 0.00% +0.000 pp USD19.41 +2.9% 2 qtrs
42 UBS GROUP AG 51.7K -23.8K (-31.5%) 1.03M -430.2K (-29.4%) 0.17% -0.042 pp 0.00% 0.000 pp USD18.72 +6.7% 45 qtrs
43 PINNACLE ASSOCIATES LTD 47.7K +— (+0.0%) 953.2K +28.1K (+3.0%) 0.16% +0.022 pp 0.01% +0.000 pp USD19.76 +1.1% 4 qtrs
44 UBS ASSET MANAGEMENT AMERICAS INC 47.3K +2.0K (+4.4%) 945.9K +67.0K (+7.6%) 0.15% +0.028 pp 0.00% +0.000 pp USD15.41 +29.7% 13 qtrs
45 MINERVA ADVISORS LLC 46.5K +— (+0.0%) 928.9K +27.4K (+3.0%) 0.15% +0.022 pp 0.62% +0.048 pp USD14.83 +34.7% 51 qtrs
46 CAMPBELL & CO INVESTMENT ADVISER LLC 45.9K +9.0K (+24.4%) 916.4K +201.4K (+28.2%) 0.15% +0.047 pp 0.04% -0.010 pp USD20.01 -0.1% 3 qtrs
47 TWO SIGMA ADVISERS, LP 41.2K -1.2K (-2.8%) 823.2K +1.0K (+0.1%) 0.13% +0.016 pp 0.00% +0.000 pp USD15.94 +25.3% 19 qtrs
48 RAYMOND JAMES FINANCIAL INC 39.5K +23.6K (+147.8%) 789.1K +480.0K (+155.3%) 0.13% +0.085 pp 0.00% +0.000 pp USD19.82 +0.8% 3 qtrs
49 INVESCO LTD. 39.2K -634.0 (-1.6%) 783.7K +10.9K (+1.4%) 0.13% +0.017 pp 0.00% +0.000 pp USD15.11 +32.2% 20 qtrs
50 HSBC HOLDINGS PLC 35.6K +7.4K (+26.3%) 710.3K +165.4K (+30.4%) 0.12% +0.037 pp 0.00% +0.000 pp USD16.24 +23.0% 19 qtrs
51 PRINCIPAL FINANCIAL GROUP INC 34.1K +10.7K (+45.6%) 681.6K +227.3K (+50.0%) 0.11% +0.046 pp 0.00% +0.000 pp USD19.57 +2.1% 2 qtrs
52 SWISS NATIONAL BANK 33.5K +1.9K (+6.0%) 669.3K +56.6K (+9.2%) 0.11% +0.021 pp 0.00% +0.000 pp USD15.10 +32.3% 51 qtrs
53 AMERIPRISE FINANCIAL INC 32.1K -44.4K (-58.1%) 640.9K -841.8K (-56.8%) 0.10% -0.109 pp 0.00% 0.000 pp USD18.58 +7.5% 5 qtrs
54 MARTINGALE ASSET MANAGEMENT L P 29.9K -264.0 (-0.9%) 596.5K +12.5K (+2.1%) 0.10% +0.013 pp 0.02% +0.001 pp USD15.41 +29.7% 41 qtrs
55 STRS OHIO 28.3K +1.0K (+3.7%) 565.4K +36.1K (+6.8%) 0.09% +0.016 pp 0.00% +0.000 pp USD20.02 -0.2% 3 qtrs
56 STATE OF WYOMING 25.4K +12.1K (+91.6%) 507.6K +250.5K (+97.4%) 0.08% +0.046 pp 0.06% +0.026 pp USD19.70 +1.4% 13 qtrs
57 EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT 25.4K +25.4K (+100.0%) 506.8K +506.8K (+100.0%) 0.08% +0.083 pp 0.01% +0.009 pp USD19.98 +0.0% 1 qtrs NEW
58 ALLIANCEBERNSTEIN L.P. 23.4K +— (+0.0%) 468.4K +13.8K (+3.0%) 0.08% +0.011 pp 0.00% +0.000 pp USD14.34 +39.3% 61 qtrs
59 JPMORGAN CHASE & CO 23.2K +459.0 (+2.0%) 463.0K +22.6K (+5.1%) 0.08% +0.012 pp 0.00% +0.000 pp USD17.74 +12.6% 39 qtrs
60 STATE OF WISCONSIN INVESTMENT BOARD 23.0K +11.8K (+104.5%) 460.0K +241.7K (+110.7%) 0.08% +0.044 pp 0.00% +0.001 pp USD19.69 +1.5% 2 qtrs
61 RHUMBLINE ADVISERS 22.9K -4.5K (-16.3%) 458.3K -73.3K (-13.8%) 0.08% -0.002 pp 0.00% 0.000 pp USD15.62 +27.9% 29 qtrs
62 IEQ CAPITAL, LLC 22.9K -1.7K (-7.1%) 457.4K -20.4K (-4.3%) 0.07% +0.006 pp 0.00% 0.000 pp USD19.76 +1.1% 3 qtrs
63 QUEST PARTNERS LLC 21.3K +20.4K (+2,344.4%) 425.9K +409.0K (+2,418.8%) 0.07% +0.067 pp 0.02% +0.023 pp USD19.98 +0.0% 3 qtrs
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 21.2K +3.3K (+18.5%) 415.4K +64.1K (+18.2%) 0.07% +0.019 pp 0.00% +0.000 pp USD17.46 +14.4% 5 qtrs
65 NUVEEN, LLC 20.5K +— (+0.0%) 409.7K +12.1K (+3.0%) 0.07% +0.010 pp 0.00% +0.000 pp USD19.63 +1.8% 4 qtrs
66 PINNACLE WEALTH MANAGEMENT ADVISORY GROUP, LLC 20.4K +20.4K (+100.0%) 407.6K +407.6K (+100.0%) 0.07% +0.067 pp 0.03% +0.028 pp USD19.98 +0.0% 1 qtrs NEW
67 NAVELLIER & ASSOCIATES INC 18.5K -21.0K (-53.1%) 369.6K -395.8K (-51.7%) 0.06% -0.050 pp 0.04% -0.036 pp USD19.71 +1.4% 3 qtrs
68 SUSQUEHANNA PORTFOLIO STRATEGIES, LLC 17.4K +— (+0.0%) 347.9K +10.3K (+3.0%) 0.06% +0.008 pp 0.01% +0.000 pp USD19.39 +3.0% 2 qtrs
69 STERLING CAPITAL MANAGEMENT LLC 17.2K -176.0 (-1.0%) 343.2K +6.7K (+2.0%) 0.06% +0.008 pp 0.01% +0.001 pp USD19.92 +0.3% 6 qtrs
70 UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH 16.8K +95.0 (+0.6%) 335.8K +11.8K (+3.6%) 0.05% +0.008 pp 0.00% +0.000 pp USD19.63 +1.8% 4 qtrs
71 TREXQUANT INVESTMENT LP 16.5K -13.9K (-45.8%) 329.4K -259.9K (-44.1%) 0.05% -0.031 pp 0.00% -0.003 pp USD19.76 +1.1% 7 qtrs
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 15.4K -85.0 (-0.5%) 307.8K +7.4K (+2.5%) 0.05% +0.007 pp 0.00% +0.000 pp USD14.97 +33.5% 52 qtrs
73 US BANCORP \DE\ 15.2K +15.0K (+6,944.4%) 304.0K +299.8K (+7,157.5%) 0.05% +0.049 pp 0.00% +0.000 pp USD19.95 +0.2% 7 qtrs
74 ANCORA ADVISORS, LLC 14.9K +— (+0.0%) 297.7K +8.8K (+3.0%) 0.05% +0.007 pp 0.01% +0.000 pp USD14.60 +36.8% 43 qtrs
75 MARINER, LLC 14.9K +1.3K (+9.9%) 297.2K +34.8K (+13.3%) 0.05% +0.011 pp 0.00% +0.000 pp USD19.44 +2.8% 2 qtrs
76 TRUEMARK INVESTMENTS, LLC 14.6K +14.6K (+100.0%) 290.7K +290.7K (+100.0%) 0.05% +0.048 pp 0.06% +0.056 pp USD19.98 +0.0% 1 qtrs NEW
77 DEUTSCHE BANK AG\ 14.4K +— (+0.0%) 286.9K +8.5K (+3.0%) 0.05% +0.007 pp 0.00% +0.000 pp USD18.74 +6.6% 7 qtrs
78 BRINKER CAPITAL INVESTMENTS, LLC 14.1K -85.0 (-0.6%) 280.9K +6.6K (+2.4%) 0.05% +0.006 pp 0.00% 0.000 pp USD17.54 +13.9% 5 qtrs
79 CWM, LLC 14.0K +121.0 (+0.9%) 280.0K +11.0K (+4.1%) 0.05% +0.007 pp 0.00% 0.000 pp USD18.52 +7.9% 17 qtrs
80 ASCENT GROUP, LLC 14.0K -712.0 (-4.9%) 278.9K -5.6K (-2.0%) 0.05% +0.005 pp 0.01% -0.001 pp USD19.80 +0.9% 4 qtrs
81 HAZLETT, BURT & WATSON, INC. 12.9K +2.0K (+18.3%) 258.0K +46.0K (+21.7%) 0.04% +0.012 pp 0.08% +0.008 pp USD19.48 +2.6% 2 qtrs
82 PDT PARTNERS, LLC 12.5K -10.0K (-44.5%) 249.0K -186.5K (-42.8%) 0.04% -0.022 pp 0.02% -0.011 pp USD17.09 +16.9% 5 qtrs
83 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 12.2K +— (+0.0%) 244.1K +7.2K (+3.0%) 0.04% +0.006 pp 0.00% +0.000 pp USD15.20 +31.4% 28 qtrs
84 MERCER GLOBAL ADVISORS INC /ADV 12.2K +2.1K (+20.7%) 242.8K +47.5K (+24.3%) 0.04% +0.012 pp 0.00% +0.000 pp USD19.49 +2.5% 2 qtrs
85 LEGAL & GENERAL GROUP PLC 11.5K -3.5K (-23.3%) 230.2K -60.9K (-20.9%) 0.04% -0.004 pp 0.00% +0.000 pp USD14.02 +42.5% 37 qtrs
86 BLEAKLEY FINANCIAL GROUP, LLC 11.3K +87.0 (+0.8%) 225.0K +8.3K (+3.8%) 0.04% +0.006 pp 0.00% -0.001 pp USD20.02 -0.2% 5 qtrs
87 CITIGROUP INC 11.1K -3.5K (-24.1%) 222.8K -62.0K (-21.8%) 0.04% -0.005 pp 0.00% +0.000 pp USD15.90 +25.7% 54 qtrs
88 SAVANT CAPITAL, LLC 10.9K +525.0 (+5.1%) 217.8K +16.6K (+8.3%) 0.04% +0.007 pp 0.00% +0.000 pp USD19.81 +0.9% 4 qtrs
89 FIDELIS CAPITAL PARTNERS, LLC 10.2K +10.2K (+100.0%) 204.1K +204.1K (+100.0%) 0.03% +0.033 pp 0.01% +0.015 pp USD19.98 +0.0% 1 qtrs NEW
90 PRICE T ROWE ASSOCIATES INC /MD/ 10.1K +10.1K (+100.0%) 203.0K +203.0K (+100.0%) 0.03% +0.033 pp 0.00% +0.000 pp USD19.98 +0.0% 1 qtrs NEW
91 IAG WEALTH PARTNERS, LLC 9.9K +— (+0.0%) 197.6K +5.8K (+3.0%) 0.03% +0.005 pp 0.02% 0.000 pp USD19.39 +3.0% 2 qtrs
92 METLIFE INVESTMENT MANAGEMENT, LLC 8.7K +— (+0.0%) 173.4K +5.1K (+3.0%) 0.03% +0.004 pp 0.00% +0.000 pp USD16.62 +20.2% 15 qtrs
93 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 7.8K +238.0 (+3.2%) 155.5K +9.2K (+6.3%) 0.03% +0.004 pp 0.00% +0.000 pp USD13.40 +49.1% 7 qtrs
94 VIRTUS ETF ADVISERS LLC 7.4K +— (+0.0%) 148.6K +4.4K (+3.0%) 0.02% +0.004 pp 0.07% -0.009 pp USD19.63 +1.8% 4 qtrs
95 SG AMERICAS SECURITIES, LLC 5.6K +5.6K (+100.0%) 112.0K +112.0K (+100.0%) 0.02% +0.018 pp 0.00% +0.000 pp USD19.98 +0.0% 5 qtrs
96 PHILOSMITH CAPITAL CORP 5.2K +— (+0.0%) 103.7K +3.1K (+3.0%) 0.02% +0.002 pp 0.03% +0.001 pp USD14.49 +37.9% 18 qtrs
97 BNP PARIBAS ARBITRAGE, SNC 4.9K +48.0 (+1.0%) 98.4K +3.8K (+4.1%) 0.02% +0.002 pp 0.00% +0.000 pp USD15.96 +25.2% 46 qtrs
98 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 4.9K +— (+0.0%) 97.5K +2.9K (+3.0%) 0.02% +0.002 pp 0.00% +0.000 pp USD15.47 +29.2% 5 qtrs
99 NEW YORK STATE COMMON RETIREMENT FUND 4.8K +— (+0.0%) 95.2K +2.8K (+3.0%) 0.02% +0.002 pp 0.00% +0.000 pp USD14.98 +33.4% 43 qtrs
100 RUSSELL INVESTMENTS GROUP, LTD. 4.3K -828.0 (-16.2%) 85.6K -13.5K (-13.7%) 0.01% 0.000 pp 0.00% +0.000 pp USD17.87 +11.8% 37 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 96 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Hartford Multifactor Small Cap ETF ROSC 0.46% 281.6K 0.34%
2 First Trust Dow Jones Select MicroCap Index Fund FDM 0.41% 1.06M 0.65%
3 iShares US Small Cap Value Factor ETF SVAL 0.34% 686.4K 0.20%
4 Innovator U.S. Small Cap Managed Floor ETF RFLR 0.14% 128.1K 0.89%
5 Fidelity Small-Mid Multifactor ETF FSMD 0.09% 2.29M 0.15%
6 iShares Micro-Cap ETF IWC 0.07% 1.09M 0.60%
7 EA Bridgeway Omni Small-Cap Value ETF BSVO 0.07% 1.23M 0.47%
8 WisdomTree U.S. SmallCap Fund EES 0.06% 403.2K 0.38%
9 WisdomTree U.S. SmallCap Dividend Fund DES 0.06% 1.21M 0.38%
10 Vanguard U.S. Minimum Volatility ETF VFMV 0.05% 208.2K 0.13%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
20.50
Bullish
Ratio by volume
3.00
Bullish
Buys
41
Sells
2
Shares acquired
78.4K
Shares disposed
18.0K
Cash buys
1.00
Cash sales
1.00
Net activity
+60,358
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-16 VEENSTRA MELISSA ANN Director Restricted Stock Units 2,100 0.00 0 D
2026-04-16 CALLAHAN MICHAEL KEVIN Director Class A Common Stock 0 0.00 17,708 D
2026-03-03 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 9,000 17.63 158.7K 13,937,704 D
2026-03-03 DELAMATER WILLIAM DANIEL Officer M-Exempt A Class A Common Stock 9,000 14.39 129.5K 11,012 D
2026-02-17 VIOZZI VINCENT ANTHONY Officer J-Other A Class A Common Stock 30 19.02 570.60 3,166 I
2026-02-17 PANDEY SANJAY Officer J-Other A Class A Common Stock 270 19.02 5.1K 28,511 I
2026-02-17 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 396 19.02 7.5K 41,283 I
2026-02-17 HESS JACK LEE Director J-Other A Class A Common Stock 16 19.13 306.08 122,145 D
2026-02-17 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 31 19.02 589.62 3,273 I
2026-02-17 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 51 19.02 970.02 5,308 I
2026-01-02 SZADY ANNETTE BROOKENS Director A-Award A Class A Common Stock 1,200 19.98 24.0K 3,700 D
2026-01-02 SCHATZ BRITTA HARRIS Director A-Award A Class A Common Stock 1,200 19.98 24.0K 2,200 D
2026-01-02 PANDEY SANJAY Officer J-Other A Class A Common Stock 383 16.98 6.5K 8,292 D
2026-01-02 Moore Sewell Trezevant Jr Director A-Award A Class A Common Stock 1,200 19.98 24.0K 27,355 D
2026-01-02 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 612 16.98 10.4K 26,527 D
2026-01-02 MAHAN JON MARSHALL Director A-Award A Class A Common Stock 1,200 19.98 24.0K 10,688 D
2026-01-02 KRAFT KEVIN MICHAEL SR Director A-Award A Class A Common Stock 1,200 19.98 24.0K 14,636 D
2026-01-02 KING DAVID CHARLES Director A-Award A Class A Common Stock 1,200 19.98 24.0K 3,700 D
2026-01-02 HUBER BARRY CRAIG Director A-Award A Class A Common Stock 1,200 19.98 24.0K 16,567 D
2026-01-02 HOFFMAN CHRISTINA MARIE Officer J-Other A Class A Common Stock 77 16.98 1.3K 4,574 D
2026-01-02 HESS JACK LEE Director A-Award A Class A Common Stock 1,200 19.98 24.0K 122,129 D
2026-01-02 HAY JEFFERY TIM Officer J-Other A Class A Common Stock 621 16.98 10.5K 7,482 D
2026-01-02 FOLMAR WILLIAM ALBERT Officer J-Other A Class A Common Stock 15 16.98 254.75 983 D
2026-01-02 DELAMATER WILLIAM DANIEL Officer J-Other A Class A Common Stock 287 16.98 4.9K 2,012 D
2026-01-02 DEAS NOLAND RONE JR Officer J-Other A Class A Common Stock 383 16.98 6.5K 2,904 D
2026-01-02 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 306 16.98 5.2K 13,546 D
2026-01-02 BIXENMAN DENNIS JOSEPH Director A-Award A Class A Common Stock 1,200 19.98 24.0K 9,355 D
2026-01-02 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 480 16.98 8.2K 21,816 D
2026-01-01 VIOZZI VINCENT ANTHONY Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 SPONIC DAVID WAYNE Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 PANDEY SANJAY Officer A-Award A Restricted Stock Units 3,600 0.00 3,600 D
2026-01-01 MILLER JEFFREY DEAN Officer A-Award A Restricted Stock Units 3,900 0.00 3,900 D
2026-01-01 HOFFMAN CHRISTINA MARIE Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 HECKER RICK JOSEPH Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 HAY JEFFERY TIM Officer A-Award A Restricted Stock Units 3,600 0.00 3,600 D
2026-01-01 FOLMAR WILLIAM ALBERT Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 DELAMATER WILLIAM DANIEL Officer A-Award A Restricted Stock Units 3,600 0.00 3,600 D
2026-01-01 DEAS NOLAND RONE JR Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 BURKE KEVIN GERARD Director / Officer A-Award A Restricted Stock Units 4,500 0.00 4,500 D
2026-01-01 BAWEL DAVID BENJAMIN Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2026-01-01 ALTSHULER KRISTI SPENCER Officer A-Award A Restricted Stock Units 3,000 0.00 3,000 D
2025-12-31 DONEGAL MUTUAL INSURANCE CO 10% Owner Class B Common Stock 0 0.00 4,751,974 D
2025-12-31 DEAS NOLAND RONE JR Officer 0 0.00 0
2025-12-11 BAWEL DAVID BENJAMIN Officer M-Exempt A Class A Common Stock 674 14.39 9.7K 22,010 D
2025-12-10 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 22,819 20.05 457.5K 13,913,704 D
2025-12-09 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 28,000 19.81 554.7K 13,890,885 D
2025-12-08 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 27,524 19.53 537.6K 13,862,885 D
2025-12-02 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 19.95 299.2K 13,835,361 D
2025-12-01 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 20.21 303.1K 13,820,361 D
2025-12-01 ALTSHULER KRISTI SPENCER Officer M-Exempt D Options 12,000 14.39 172.7K 6,000 D
2025-11-26 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 5,000 20.25 101.3K 13,805,361 D
2025-11-25 KRAFT KEVIN MICHAEL SR Director S-Sale D Class A Common Stock 4,500 20.02 90.1K 13,436 D
2025-11-25 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 20.18 161.4K 13,800,361 D
2025-11-24 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.77 158.1K 13,792,361 D
2025-11-21 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.80 158.4K 13,784,361 D
2025-11-20 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.49 155.9K 13,776,361 D
2025-11-19 SPONIC DAVID WAYNE Officer J-Other D Class A Common Stock 375 19.85 7.4K 0 I
2025-11-19 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 7,587 19.62 148.8K 13,768,361 D
2025-11-18 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 7,104 19.84 141.0K 13,760,774 D
2025-11-17 VIOZZI VINCENT ANTHONY Officer J-Other A Class A Common Stock 28 20.15 564.20 3,136 I
2025-11-17 SPONIC DAVID WAYNE Officer J-Other A Class A Common Stock 3 20.18 60.54 375 I
2025-11-17 PANDEY SANJAY Officer J-Other A Class A Common Stock 254 20.15 5.1K 28,241 I
2025-11-17 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 371 20.15 7.5K 40,887 I
2025-11-17 HESS JACK LEE Director J-Other A Class A Common Stock 4 20.12 80.48 120,929 D
2025-11-17 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.91 159.3K 13,753,670 D
2025-11-17 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 29 20.15 584.35 3,242 I
2025-11-17 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 47 20.15 947.05 5,257 I
2025-11-14 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.92 159.4K 13,745,670 D
2025-11-13 WAGNER DANIEL J Officer S-Sale D Class A Common Stock 9,617 19.76 190.0K 95,384 D
2025-11-13 SZADY ANNETTE BROOKENS Director M-Exempt D Options 4,500 14.43 64.9K 0 D
2025-11-13 Moore Sewell Trezevant Jr Director M-Exempt D Options 4,500 14.43 64.9K 0 D
2025-11-13 HECKER RICK JOSEPH Officer S-Sale D Class A Common Stock 900 19.74 17.8K 0 D
2025-11-13 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.74 157.9K 13,737,670 D
2025-11-12 WAGNER DANIEL J Officer M-Exempt D Options 6,000 14.09 84.5K 0 D
2025-11-12 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 6,794 19.74 134.1K 13,708,670 D
2025-11-11 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 7,297 19.66 143.5K 13,701,876 D
2025-11-10 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.36 154.9K 13,694,579 D
2025-11-07 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.21 153.7K 13,686,579 D
2025-11-06 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.13 153.0K 13,678,579 D
2025-11-05 MAHAN JON MARSHALL Director M-Exempt D Options 4,500 14.43 64.9K 0 D
2025-11-05 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 19.11 152.8K 13,670,579 D
2025-11-04 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 18.71 149.7K 13,662,579 D
2025-10-10 WAGNER DANIEL J Officer J-Other A Class A Common Stock 71,997 0.00 95,384 D
2025-09-12 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 20,000 19.53 390.7K 13,654,579 D
2025-09-11 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 16,573 19.45 322.4K 13,634,579 D
2025-09-10 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 20,000 18.99 379.9K 13,618,006 D
2025-09-09 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 19,352 19.24 372.3K 13,598,006 D
2025-09-08 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 19,025 19.10 363.4K 13,578,654 D
2025-09-04 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 19,212 19.22 369.3K 13,559,629 D
2025-09-03 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 20,000 18.37 367.4K 13,540,417 D
2025-09-03 DEAS NOLAND RONE JR Officer J-Other D Class A Common Stock 1,148 18.23 20.9K 0 I
2025-09-02 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 19,440 18.27 355.1K 13,520,417 D
2025-08-29 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 20,000 17.84 356.7K 13,500,977 D
2025-08-28 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,032 17.61 141.4K 13,480,977 D
2025-08-27 KING DAVID CHARLES Director M-Exempt A Class A Common Stock 4,500 14.43 64.9K 7,000 D
2025-08-27 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,509 17.49 271.3K 13,472,945 D
2025-08-26 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,815 17.45 276.0K 13,457,436 D
2025-08-15 WAGNER DANIEL J Officer J-Other A Class A Common Stock 732 17.77 13.0K 71,997 I
2025-08-15 VIOZZI VINCENT ANTHONY Officer J-Other A Class A Common Stock 32 17.74 567.68 3,108 I
2025-08-15 SPONIC DAVID WAYNE Officer P-Purchase A Class A Common Stock 4 17.75 71.00 372 I
2025-08-15 PANDEY SANJAY Officer J-Other A Class A Common Stock 284 17.74 5.0K 27,987 I
2025-08-15 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 416 17.74 7.4K 40,516 I
2025-08-15 HESS JACK LEE Director J-Other A Class A Common Stock 5 17.52 87.60 120,925 D
2025-08-15 DEAS NOLAND RONE JR Officer J-Other A Class A Common Stock 12 17.74 212.88 1,148 I
2025-08-15 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 33 17.75 585.75 3,213 I
2025-08-15 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 53 17.74 940.22 5,210 I
2025-07-29 HESS JACK LEE Director M-Exempt A Class A Common Stock 1,500 15.76 23.6K 120,920 D
2025-07-01 VEENSTRA MELISSA ANN Director Options 8,000 15.76 126.1K 0 D
2025-07-01 PANDEY SANJAY Officer J-Other A Class A Common Stock 460 14.14 6.5K 7,909 D
2025-07-01 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 735 14.14 10.4K 24,715 D
2025-07-01 HOFFMAN CHRISTINA MARIE Officer J-Other A Class A Common Stock 92 14.14 1.3K 4,497 D
2025-07-01 HECKER RICK JOSEPH Officer Options 18,000 15.76 283.7K 0 D
2025-07-01 HAY JEFFERY TIM Officer J-Other A Class A Common Stock 749 14.14 10.6K 6,861 D
2025-07-01 FOLMAR WILLIAM ALBERT Officer J-Other A Class A Common Stock 18 14.14 254.59 968 D
2025-07-01 DELAMATER WILLIAM DANIEL Officer J-Other A Class A Common Stock 230 14.14 3.3K 1,725 D
2025-07-01 DEAS NOLAND RONE JR Officer J-Other A Class A Common Stock 460 14.14 6.5K 2,521 D
2025-07-01 CALLAHAN MICHAEL KEVIN Director Options 3,000 15.76 47.3K 0 D
2025-07-01 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 368 14.14 5.2K 12,040 D
2025-07-01 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 919 14.14 13.0K 21,336 D
2025-05-27 VIOZZI VINCENT ANTHONY Officer M-Exempt A Class A Common Stock 18,000 14.39 259.0K 27,316 D
2025-05-23 DELAMATER WILLIAM DANIEL Officer S-Sale D Class A Common Stock 8,696 19.78 172.0K 1,495 D
2025-05-21 DELAMATER WILLIAM DANIEL Officer M-Exempt D Options 304 14.39 4.4K 17,696 D
2025-05-19 FOLMAR WILLIAM ALBERT Officer M-Exempt A Class A Common Stock 6,000 13.87 83.2K 18,950 D
2025-05-15 WAGNER DANIEL J Officer J-Other A Class A Common Stock 641 20.11 12.9K 71,265 I
2025-05-15 VIOZZI VINCENT ANTHONY Officer J-Other A Class A Common Stock 27 20.09 542.43 3,076 I
2025-05-15 SPONIC DAVID WAYNE Officer M-Exempt D Options 11,582 14.39 166.7K 0 D
2025-05-15 PANDEY SANJAY Officer M-Exempt D Options 12,982 14.39 186.8K 0 D
2025-05-15 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 365 20.09 7.3K 40,100 I
2025-05-15 Huber Barry C Director S-Sale D Class A Common Stock 9,000 20.23 182.0K 15,367 D
2025-05-15 HESS JACK LEE Director J-Other A Class A Common Stock 5 20.12 100.60 116,420 D
2025-05-15 HAY JEFFERY TIM Officer M-Exempt D Options 9,572 14.07 134.7K 0 D
2025-05-15 FOLMAR WILLIAM ALBERT Officer M-Exempt A Class A Common Stock 1,150 14.39 16.5K 2,100 D
2025-05-15 DEAS NOLAND RONE JR Officer J-Other A Class A Common Stock 10 20.09 200.90 1,136 I
2025-05-15 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 29 20.09 582.61 3,180 I
2025-05-15 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 46 20.11 925.06 5,157 I
2025-05-14 FOLMAR WILLIAM ALBERT Officer M-Exempt A Class A Common Stock 4,274 14.39 61.5K 5,224 D
2025-05-13 SPONIC DAVID WAYNE Officer S-Sale D Class A Common Stock 418 20.01 8.4K 2,006 D
2025-05-13 HAY JEFFERY TIM Officer M-Exempt A Class A Common Stock 346 14.07 4.9K 6,458 D
2025-05-13 FOLMAR WILLIAM ALBERT Officer S-Sale D Class A Common Stock 12,576 19.90 250.3K 950 D
2025-05-12 WAGNER DANIEL J Officer M-Exempt D Options 2,830 14.39 40.7K 0 D
2025-05-12 MILLER JEFFREY DEAN Officer S-Sale D Class A Common Stock 24,000 19.83 476.0K 23,980 D
2025-05-12 HOFFMAN CHRISTINA MARIE Officer M-Exempt D Options 11,000 14.43 158.7K 0 D
2025-05-12 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 71,000 19.83 1.41M 13,441,621 D
2025-05-12 BURKE KEVIN GERARD Director / Officer M-Exempt D Options 27,000 14.43 389.6K 0 D
2025-05-12 BAWEL DAVID BENJAMIN Officer M-Exempt A Class A Common Stock 9,000 14.43 129.9K 29,417 D
2025-05-09 WAGNER DANIEL J Officer S-Sale D Class A Common Stock 4,036 19.87 80.2K 27,587 D
2025-05-08 WAGNER DANIEL J Officer M-Exempt A Class A Common Stock 7,311 14.39 105.2K 37,993 D
2025-05-07 WAGNER DANIEL J Officer M-Exempt D Options 77 14.09 1.1K 15,539 D
2025-05-07 HAY JEFFERY TIM Officer M-Exempt A Class A Common Stock 82 14.07 1.2K 6,194 D
2025-05-05 WAGNER DANIEL J Officer M-Exempt D Options 1,192 13.87 16.5K 16,808 D
2025-05-05 PANDEY SANJAY Officer S-Sale D Class A Common Stock 5,018 20.00 100.4K 7,449 D
2025-05-02 DEAS NOLAND RONE JR Officer M-Exempt D Options 11,602 14.39 167.0K 0 D
2025-05-01 WAGNER DANIEL J Officer S-Sale D Class A Common Stock 21,000 19.38 407.0K 23,387 D
2025-05-01 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 36,239 19.38 702.4K 13,370,621 D
2025-05-01 DEAS NOLAND RONE JR Officer M-Exempt D Options 147 14.39 2.1K 11,602 D
2025-05-01 ALTSHULER KRISTI SPENCER Officer M-Exempt D Options 15,239 14.43 219.9K 0 D
2025-04-30 DEAS NOLAND RONE JR Officer M-Exempt D Options 148 14.09 2.1K 6,715 D
2025-04-29 DEAS NOLAND RONE JR Officer M-Exempt D Options 37 14.09 521.33 6,863 D
2025-04-29 BIXENMAN DENNIS JOSEPH Director M-Exempt A Class A Common Stock 4,500 14.43 64.9K 12,655 D
2025-03-14 SPONIC DAVID WAYNE Officer M-Exempt A Class A Common Stock 463 14.43 6.7K 2,469 D
2025-03-14 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 8,000 18.14 145.1K 13,334,382 D
2025-03-13 SPONIC DAVID WAYNE Officer S-Sale D Class A Common Stock 5,537 18.17 100.6K 2,006 D
2025-03-13 PANDEY SANJAY Officer M-Exempt D Options 5,915 14.43 85.4K 0 D
2025-03-13 HOFFMAN CHRISTINA MARIE Officer S-Sale D Class A Common Stock 10,000 18.02 180.2K 4,405 D
2025-03-13 FOLMAR WILLIAM ALBERT Officer S-Sale D Class A Common Stock 1,726 17.97 31.0K 950 D
2025-03-13 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 12,000 18.09 217.1K 13,326,382 D
2025-03-12 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 11,600 17.59 204.1K 13,314,382 D
2025-03-11 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 12,100 17.72 214.4K 13,302,782 D
2025-03-10 PANDEY SANJAY Officer M-Exempt D Options 2,057 14.43 29.7K 5,915 D
2025-03-10 FOLMAR WILLIAM ALBERT Officer S-Sale D Class A Common Stock 6,017 17.97 108.1K 950 D
2025-03-10 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 17.83 267.4K 13,290,682 D
2025-03-07 VIOZZI VINCENT ANTHONY Officer M-Exempt A Class A Common Stock 10,500 14.43 151.5K 19,816 D
2025-03-07 PANDEY SANJAY Officer S-Sale D Class A Common Stock 6,192 18.01 111.5K 7,449 D
2025-03-07 FOLMAR WILLIAM ALBERT Officer S-Sale D Class A Common Stock 13,257 17.98 238.3K 950 D
2025-03-07 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 14,608 17.96 262.4K 13,275,682 D
2025-03-06 SPONIC DAVID WAYNE Officer M-Exempt A Class A Common Stock 6,000 14.43 86.6K 8,006 D
2025-03-06 PANDEY SANJAY Officer S-Sale D Class A Common Stock 5,469 18.01 98.5K 7,449 D
2025-03-06 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 12,500 17.95 224.3K 13,261,074 D
2025-03-06 DEAS NOLAND RONE JR Officer M-Exempt D Options 969 14.43 14.0K 0 D
2025-03-05 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 17.98 269.6K 13,248,574 D
2025-03-05 DEAS NOLAND RONE JR Officer M-Exempt A Class A Common Stock 4,000 14.09 56.4K 13,092 D
2025-03-04 PANDEY SANJAY Officer S-Sale D Class A Common Stock 1,367 18.00 24.6K 7,449 D
2025-03-04 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 14,301 17.92 256.3K 13,233,574 D
2025-03-04 DELAMATER WILLIAM DANIEL Officer S-Sale D Class A Common Stock 12,000 17.77 213.3K 1,495 D
2025-03-03 VIOZZI VINCENT ANTHONY Officer S-Sale D Class A Common Stock 575 18.03 10.4K 9,316 D
2025-03-03 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 17.85 267.8K 13,219,273 D
2025-02-28 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 15,000 17.35 260.2K 13,204,273 D
2025-02-27 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 14,700 17.06 250.8K 13,189,273 D
2025-02-26 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 10,201 16.76 171.0K 13,174,573 D
2025-02-25 HESS JACK LEE Director M-Exempt D Options 4,500 14.39 64.8K 0 D
2025-02-25 DONEGAL MUTUAL INSURANCE CO 10% Owner P-Purchase A Class A Common Stock 12,000 16.49 197.9K 13,164,372 D
2025-02-18 WAGNER DANIEL J Officer J-Other A Class A Common Stock 792 15.21 12.0K 70,624 I
2025-02-18 VIOZZI VINCENT ANTHONY Officer J-Other A Class A Common Stock 35 15.19 531.65 3,049 I
2025-02-18 SPONIC DAVID WAYNE Officer J-Other A Class A Common Stock 4 15.19 60.76 365 I
2025-02-18 PANDEY SANJAY Officer J-Other A Class A Common Stock 308 15.19 4.7K 27,454 I
2025-02-18 MILLER JEFFREY DEAN Officer J-Other A Class A Common Stock 450 15.19 6.8K 39,735 I
2025-02-18 HESS JACK LEE Director J-Other A Class A Common Stock 81 15.25 1.2K 102,915 D
2025-02-18 DEAS NOLAND RONE JR Officer J-Other A Class A Common Stock 12 15.21 182.52 1,126 I
2025-02-18 BURKE KEVIN GERARD Director / Officer J-Other A Class A Common Stock 35 15.19 531.65 3,151 I
2025-02-18 BAWEL DAVID BENJAMIN Officer J-Other A Class A Common Stock 58 15.21 882.18 5,111 I

Executive team

Top executives
EBIT / Employee
117.0K
Shares Outstanding
36.65M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Kevin G. Burke, President and Chief Executive Officer 795.0K 818.0K 7.7K 122.3K 1.74M 0.44%
2 2025 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 681.6K 701.3K 7.7K 111.5K 1.50M 0.51%
3 2025 W. Daniel DeLamater, Executive Vice President and Chief Operating Officer 583.0K 599.8K 20.8K 1.20M 0.00%
4 2025 Sanjay Pandey, Executive Vice President and Chief Information Officer 517.3K 532.2K 20.8K 1.07M 0.00%
5 2025 Jeffery T. Hay, Executive Vice President 486.5K 500.6K 20.8K 1.01M 0.00%
6 2024 Kevin G. Burke, President and Chief Executive Officer 750.0K 543.8K 7.0K 33.8K 122.2K 1.46M 2.80%
7 2024 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 643.0K 466.2K 7.0K 31.0K 111.4K 1.26M 3.02%
8 2024 W. Daniel DeLamater, Executive Vice President and Chief Operating Officer 547.0K 396.7K 28.2K 20.4K 992.3K 2.84%
9 2024 Sanjay Pandey, Executive Vice President and Chief Information Officer 488.0K 353.8K 28.2K 20.4K 890.4K 3.17%
10 2024 Jeffery T. Hay, Executive Vice President 459.0K 332.8K 28.2K 20.4K 840.4K 3.36%
11 2023 Kevin G. Burke, President and Chief Executive Officer 750.0K 7.1K 36.2K 121.1K 914.4K 4.74%
12 2023 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 643.0K 7.1K 31.7K 110.3K 792.1K 4.90%
13 2023 Sanjay Pandey, Executive Vice President and Chief Information Officer 488.0K 27.2K 19.8K 535.0K 5.08%
14 2023 Sanjay Pandey, Senior Vice President and Chief Information Officer 488.0K 27.2K 19.8K 535.0K 5.08%
15 2023 Jeffery T. Hay, Senior Vice President 459.0K 27.2K 15.1K 501.3K 5.42%
16 2023 Jeffery T. Hay, Executive Vice President 459.0K 27.2K 15.1K 501.3K 5.42%
17 2023 Daniel J. Wagner Senior Vice President and Treasurer 442.0K 27.2K 19.8K 489.0K 5.56%
18 2022 Kevin G. Burke, President and Chief Executive Officer 725.0K 293.4K 7.1K 35.5K 119.4K 1.18M 3.61%
19 2022 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 618.0K 250.1K 7.1K 31.1K 108.6K 1.01M 3.77%
20 2022 Sanjay Pandey, Executive Vice President and Chief Information Officer 468.0K 189.4K 26.6K 18.1K 702.1K 3.79%
21 2022 Sanjay Pandey, Senior Vice President and Chief Information Officer 468.0K 189.4K 26.6K 18.1K 702.1K 3.79%
22 2022 Daniel J. Wagner Senior Vice President and Treasurer 432.0K 174.9K 26.6K 18.0K 651.5K 4.09%
23 2022 Jeffery T. Hay, Executive Vice President 442.0K 156.8K 26.6K 13.8K 639.2K 4.17%
24 2022 Jeffery T. Hay, Senior Vice President 442.0K 156.8K 26.6K 13.8K 639.2K 4.17%
25 2021 Kevin G. Burke, President and Chief Executive Officer 695.0K 173.6K 7.0K 29.0K 112.9K 1.02M 3.55%
26 2021 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 588.0K 146.9K 7.0K 25.4K 103.9K 871.2K 3.72%
27 2021 Jeffery T. Hay, Senior Vice President 425.0K 104.9K 21.8K 113.1K 664.8K 3.28%
28 2021 Sanjay Pandey, Senior Vice President and Chief Information Officer 450.0K 112.4K 21.8K 17.4K 601.5K 3.62%
29 2021 Richard G. Kelley, Senior Vice President 443.0K 110.7K 17.3K 571.0K 0.00%
30 2021 Daniel J. Wagner Senior Vice President and Treasurer 420.0K 104.9K 21.8K 17.4K 564.1K 3.86%
31 2020 Kevin G. Burke, President and Chief Executive Officer 665.0K 485.7K 7.4K 31.1K 101.1K 1.29M 2.98%
32 2020 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 560.0K 408.8K 27.6K 97.6K 1.09M 2.52%
33 2020 Richard G. Kelley, Senior Vice President 425.0K 310.2K 24.2K 17.1K 776.4K 3.11%
34 2020 Sanjay Pandey, Senior Vice President and Chief Information Officer 425.0K 310.2K 24.2K 17.1K 776.4K 3.11%
35 2020 Daniel J. Wagner Senior Vice President and Treasurer 405.0K 296.0K 24.2K 17.1K 742.3K 3.25%
36 2020 Daniel J. Wagner, Senior Vice President and Treasurer 405.0K 296.0K 24.2K 17.1K 742.3K 3.25%
37 2019 Kevin G. Burke, President and Chief Executive Officer 630.0K 250.0K 6.8K 51.8K 95.8K 1.03M 5.66%
38 2019 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 525.0K 225.0K 46.0K 16.7K 812.7K 5.66%
39 2019 Cyril J. Greenya, Senior Vice President 390.0K 180.0K 6.8K 5.2K 92.2K 674.2K 1.78%
40 2019 Sanjay Pandey, Senior Vice President and Chief Information Officer 395.0K 210.0K 40.3K 16.7K 662.0K 6.08%
41 2019 Richard G. Kelley, Senior Vice President 395.0K 200.0K 40.3K 16.7K 652.0K 6.17%
42 2019 Daniel J. Wagner, Senior Vice President and Treasurer 390.0K 180.0K 40.3K 16.7K 627.0K 6.42%
43 2018 Kevin G. Burke, President and Chief Executive Officer 630.0K 8.7K 74.7K 97.5K 810.8K 10.28%
44 2018 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 525.0K 66.4K 16.4K 607.8K 10.93%
45 2018 Cyril J. Greenya, Senior Vice President 390.0K 8.7K 58.1K 93.4K 550.1K 12.13%
46 2018 Richard G. Kelley, Senior Vice President 395.0K 58.1K 16.4K 469.5K 12.38%
47 2018 Richard G. Kelley Senior Vice President 395.0K 58.1K 16.4K 469.5K 12.38%
48 2018 Sanjay Pandey, Senior Vice President and Chief Information Officer 395.0K 58.1K 12.4K 465.5K 12.48%
49 2018 Sanjay Pandey, Senior Vice President 395.0K 58.1K 12.4K 465.5K 12.48%
50 2018 Daniel J. Wagner, Senior Vice President and Treasurer 390.0K 58.1K 16.4K 464.5K 12.51%
51 2018 Robert G. Shenk, Senior Vice President 410.0K 16.4K 426.4K 0.00%
52 2017 Donald H. Nikolaus, President and Chief Executive Officer of Donegal Mutual and Chairman of our Board 840.0K 60.0K 8.7K 271.5K 101.3K 1.28M 21.87%
53 2017 Kevin G. Burke, President and Chief Executive Officer 488.0K 50.0K 8.7K 43.4K 87.4K 677.6K 7.70%
54 2017 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 450.0K 45.0K 38.0K 16.1K 549.1K 6.92%
55 2017 Cyril J. Greenya, Senior Vice President 370.0K 35.0K 8.7K 32.6K 87.5K 533.9K 7.74%
56 2017 Robert G. Shenk, Senior Vice President 385.0K 35.0K 32.6K 16.0K 468.6K 6.95%
57 2017 Daniel J. Wagner, Senior Vice President and Treasurer 370.0K 35.0K 32.6K 16.0K 453.6K 7.18%
58 2017 Sanjay Pandey, Senior Vice President 370.0K 35.0K 32.6K 12.1K 449.6K 7.25%
59 2017 Sanjay Pandey, Senior Vice President and Chief Information Officer 370.0K 35.0K 32.6K 12.1K 449.6K 7.25%
60 2016 Donald H. Nikolaus, President and Chief Executive Officer of Donegal Mutual and Chairman of our Board 800.0K 510.0K 7.0K 145.5K 100.8K 1.56M 9.76%
61 2016 Kevin G. Burke, President and Chief Executive Officer 438.0K 232.0K 7.0K 87.3K 80.1K 844.4K 11.17%
62 2016 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 405.0K 215.0K 77.6K 14.5K 712.1K 10.90%
63 2016 Cyril J. Greenya, Senior Vice President 340.0K 174.0K 7.0K 67.9K 86.5K 675.4K 11.10%
64 2016 Robert G. Shenk, Senior Vice President 352.0K 172.0K 67.9K 16.5K 608.4K 11.16%
65 2016 Daniel J. Wagner, Senior Vice President and Treasurer 340.0K 172.0K 67.9K 15.9K 595.8K 11.40%
66 2016 Sanjay Pandey, Senior Vice President 340.0K 172.0K 67.9K 13.7K 593.6K 11.44%
67 2015 Donald H. Nikolaus, President and Chief Executive Officer of Donegal Mutual and Chairman of our Board 800.0K 440.0K 6.4K 155.0K 83.5K 1.48M 10.87%
68 2015 Kevin G. Burke, President and Chief Executive Officer 383.0K 200.0K 6.4K 85.3K 74.0K 748.7K 12.24%
69 2015 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 355.0K 185.0K 77.5K 12.9K 630.4K 12.29%
70 2015 Cyril J. Greenya, Senior Vice President 310.0K 150.0K 6.4K 69.8K 74.0K 610.2K 12.48%
71 2015 Robert G. Shenk, Senior Vice President 322.0K 150.0K 69.8K 12.9K 554.6K 12.58%
72 2015 Daniel J. Wagner, Senior Vice President and Treasurer 310.0K 150.0K 69.8K 13.0K 542.7K 12.85%
73 2015 Sanjay Pandey, Senior Vice President 310.0K 150.0K 69.8K 12.0K 541.8K 12.87%
74 2014 Donald H. Nikolaus, President and Chairman of the Board (on medical leave of absence in his capacity as Chief Executive Officer from August 29, 2014 through December 31, 2014) 800.0K 100.0K 6.4K 169.0K 76.2K 1.15M 15.23%
75 2014 Donald H. Nikolaus, President and Chief Executive Officer of Donegal Mutual and Chairman of our Board 800.0K 100.0K 6.4K 169.0K 76.2K 1.15M 15.23%
76 2014 Cyril J. Greenya, Senior Vice President 280.0K 45.0K 6.4K 67.6K 70.2K 469.2K 15.76%
77 2014 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 310.0K 50.0K 76.1K 11.9K 448.0K 16.98%
78 2014 Kevin G. Burke, Executive Vice President and Chief Operating Officer; Acting Chief Executive Officer from August 29, 2014 through December 31, 2014 305.0K 50.0K 76.1K 12.2K 443.2K 17.16%
79 2014 Kevin G. Burke, President and Chief Executive Officer 305.0K 50.0K 76.1K 12.2K 443.2K 17.16%
80 2014 Robert G. Shenk, Senior Vice President 292.0K 45.0K 67.6K 12.0K 416.6K 16.23%
81 2014 Daniel J. Wagner, Senior Vice President and Treasurer 280.0K 45.0K 67.6K 12.6K 405.2K 16.68%
82 2014 Sanjay Pandey, Senior Vice President 280.0K 45.0K 67.6K 11.7K 404.3K 16.72%
83 2013 Donald H. Nikolaus, President and Chairman of the Board (on medical leave of absence in his capacity as Chief Executive Officer from August 29, 2014 through December 31, 2014) 725.0K 540.0K 5.6K 385.0K 70.4K 1.73M 22.63%
84 2013 Donald H. Nikolaus, President and Chief Executive Officer of Donegal Mutual and Chairman of our Board 725.0K 540.0K 5.6K 385.0K 70.4K 1.73M 22.63%
85 2013 Cyril J. Greenya, Senior Vice President 235.0K 130.0K 5.6K 165.0K 59.2K 594.8K 28.68%
86 2013 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 275.0K 135.0K 165.0K 12.5K 587.5K 28.08%
87 2013 Robert G. Shenk, Senior Vice President 268.0K 130.0K 165.0K 11.7K 574.7K 28.71%
88 2013 Kevin G. Burke, Executive Vice President and Chief Operating Officer; Acting Chief Executive Officer from August 29, 2014 through December 31, 2014 240.0K 130.0K 165.0K 11.7K 546.7K 30.18%
89 2013 Kevin G. Burke, President and Chief Executive Officer 240.0K 130.0K 165.0K 11.7K 546.7K 30.18%
90 2013 Daniel J. Wagner, Senior Vice President and Treasurer 235.0K 130.0K 165.0K 12.1K 542.1K 30.44%
91 2013 Sanjay Pandey, Senior Vice President 233.0K 120.0K 165.0K 11.9K 529.9K 31.14%
92 2012 Donald H. Nikolaus, President and Chairman of the Board (on medical leave of absence in his capacity as Chief Executive Officer from August 29, 2014 through December 31, 2014) 650.0K 297.5K 5.7K 427.5K 66.1K 1.45M 29.94%
93 2012 Cyril J. Greenya, Senior Vice President 215.0K 65.0K 5.7K 128.3K 56.6K 470.5K 28.46%
94 2012 Robert G. Shenk, Senior Vice President 248.0K 65.0K 128.3K 13.8K 455.0K 28.18%
95 2012 Jeffrey D. Miller, Executive Vice President and Chief Financial Officer 245.0K 68.0K 128.3K 12.2K 453.4K 28.28%
96 2012 Daniel J. Wagner, Senior Vice President and Treasurer 215.0K 65.0K 128.3K 12.5K 420.7K 30.48%
97 2012 Kevin G. Burke, Executive Vice President and Chief Operating Officer; Acting Chief Executive Officer from August 29, 2014 through December 31, 2014 215.0K 65.0K 128.3K 12.1K 420.3K 30.51%
98 2010 Donald H. Nikolaus, President and Chief Executive Officer 565.0K 565.0K 0.00%
99 2010 Robert G. Shenk, Senior Vice President, Claims 236.0K 236.0K 0.00%
100 2010 Jeffrey D. Miller, Senior Vice President and Chief Financial Officer 207.0K 207.0K 0.00%
101 2010 Daniel J. Wagner, Senior Vice President and Treasurer 190.0K 190.0K 0.00%
102 2010 Cyril J. Greenya, Senior Vice President and Chief Underwriting Officer 190.0K 190.0K 0.00%
103 2009 Donald H. Nikolaus, President and Chief Executive Officer 555.0K 150.0K 705.0K 0.00%
104 2009 Robert G. Shenk, Senior Vice President, Claims 232.0K 34.0K 266.0K 0.00%
105 2009 Jeffrey D. Miller, Senior Vice President and Chief Financial Officer 197.0K 38.0K 235.0K 0.00%
106 2009 Cyril J. Greenya, Senior Vice President and Chief Underwriting Officer 185.0K 34.0K 219.0K 0.00%
107 2009 Daniel J. Wagner, Senior Vice President and Treasurer 185.0K 34.0K 219.0K 0.00%
108 2008 Donald H. Nikolaus, President and Chief Executive Officer 555.0K 360.0K 915.0K 0.00%
109 2008 Robert G. Shenk, Senior Vice President, Claims 229.0K 58.0K 287.0K 0.00%
110 2008 Jeffrey D. Miller, Senior Vice President and Chief Financial Officer 187.0K 62.0K 249.0K 0.00%
111 2008 Daniel J. Wagner, Senior Vice President and Treasurer 180.0K 58.0K 238.0K 0.00%
112 2008 Cyril J. Greenya, Senior Vice President and Chief Underwriting Officer 180.0K 58.0K 238.0K 0.00%
113 2007 Donald H. Nikolaus, President and Chief Executive Officer 555.0K 840.0K 6.1K 52.0K 1.45M 0.42%
114 2007 Robert G. Shenk, Senior Vice President, Claims 223.0K 125.0K 11.9K 359.9K 0.00%
115 2007 Cyril J. Greenya, Senior Vice President and Chief Underwriting Officer 174.0K 125.0K 6.1K 42.6K 347.7K 1.75%
116 2007 Jeffrey D. Miller, Senior Vice President and Chief Financial Officer 177.0K 132.0K 10.1K 319.1K 0.00%
117 2007 Daniel J. Wagner, Senior Vice President and Treasurer 174.0K 125.0K 10.1K 309.1K 0.00%
118 2006 Donald H. Nikolaus, President and Chief Executive Officer 535.0K 970.0K 5.4K 46.7K 1.85M 0.29%
119 2006 Robert G. Shenk, Senior Vice President, Claims 214.0K 138.0K 11.4K 413.7K 0.00%
120 2006 Cyril J. Greenya, Senior Vice President and Chief Underwriting Officer 162.0K 138.0K 16.9K 359.9K 0.00%
121 2006 Jeffrey D. Miller, Senior Vice President and Chief Financial Officer 162.0K 145.0K 9.2K 359.3K 0.00%
122 2006 Daniel J. Wagner, Senior Vice President and Treasurer 162.0K 138.0K 9.2K 352.3K 0.00%
123 2003 Donald H. Nikolaus, President and Chief Executive Officer 430.0K 368.5K 1.9K 43.7K 844.1K 0.22%
124 2003 Ralph G. Spontak, Senior Vice President, Chief Financial Officer 264.0K 98.0K 1.9K 30.9K 394.8K 0.48%
125 2003 Robert G. Shenk, Senior Vice President, Claims 188.0K 70.0K 13.0K 271.0K 0.00%
126 2003 Cyril J. Greenya, Senior Vice President, Commercial Underwriting 130.0K 50.0K 13.2K 193.2K 0.00%
127 2003 Daniel J. Wagner, Vice President and Treasurer 129.6K 46.0K 11.9K 187.5K 0.00%
128 2002 Donald H. Nikolaus, President and Chief Executive Officer 390.0K 172.5K 1.8K 77.0K 641.4K 0.28%
129 2002 Ralph G. Spontak, Senior Vice President, Chief Financial Officer 254.0K 60.6K 1.8K 25.6K 342.0K 0.53%
130 2002 Robert G. Shenk, Senior Vice President, Claims 180.0K 37.6K 11.6K 229.2K 0.00%
131 2002 Cyril J. Greenya, Senior Vice President, Commercial Underwriting 125.0K 26.3K 7.4K 158.7K 0.00%
132 2002 Daniel J. Wagner, Vice President and Treasurer 124.6K 21.8K 11.3K 157.6K 0.00%
133 2001 Donald H. Nikolaus, President and Chief Executive Officer 390.0K 1.7K 71.5K 463.2K 0.36%
134 2001 Ralph G. Spontak, Senior Vice President, Chief Financial Officer 250.6K 1.7K 26.0K 278.3K 0.60%
135 2001 Robert G. Shenk, Senior Vice President, Claims 166.3K 11.1K 177.4K 0.00%
136 2001 Cyril J. Greenya, Senior Vice President, Commercial Underwriting 114.2K 6.7K 121.0K 0.00%
137 2001 Daniel J. Wagner, Vice President and Treasurer 107.4K 10.8K 118.1K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-16 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 4
2026-05-07 4
2026-05-07 10-Q
2026-04-30 8-K
2026-04-24 3
2026-04-24 3
2026-04-17 8-K
2026-04-16 8-K
2026-04-06 8-K
2026-03-16 DEF 14A

Executive team

NameTitleCompensationGender
Kevin Gerard Burke President, Chief Executive Officer & Chairman 2M male
Jeffrey Dean Miller Executive Vice President & Chief Financial Officer 1M male
William Daniel DeLamater Executive Vice President & Chief Operating Officer 1M male
Sanjay Pandey Executive Vice President & Chief Information Officer 1M male
Jeffery Tim Hay Executive Vice President & Chief Underwriting Officer 1M male
Rick Joseph Hecker Senior Vice President & General Counsel
Vincent Anthony Viozzi Senior Vice President & Chief Investment Officer male
William Albert Folmar Senior Vice President male
Kristi Spencer Altshuler Senior Vice President & Chief Analytics Officer female
David Benjamin Bawel Senior Vice President & Chief Accounting Officer male
David W. Sponic Senior Vice President male
Christina Marie Hoffman Senior Vice President & Chief Risk Officer female
ESG Rating
C+
INSURANCE - PROPERTY & CASUALTY
2016
E (Environmental)
54.7 / 49.4
Company / Sector avg.
S (Social)
51.7 / 57.3
Company / Sector avg.
G (Governance)
64.6 / 59.8
Company / Sector avg.
ESG Total
57.0 / 55.5
Company / Sector avg.
ESG Score History INSURANCE - PROPERTY & CASUALTY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits