DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

RAMSEY QUANTITATIVE SYSTEMS's Holding History (CIK: 0001132897)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018

Shares 10,030 Value ($000) $137 Avg Close $10.05 Range $9.29 - $10.62

Q3 2018

Shares 7,720 Value ($000) $110 Avg Close $10.23 Range $9.60 - $10.88

Q2 2018

Shares 3,591 Value ($000) $49 Avg Close $10.17 Range $9.39 - $11.63

Q1 2018

Shares 2,400 Value ($000) $38 Avg Close $11.58 Range $10.37 - $12.62

Q4 2017

Shares 582 Value ($000) $10 Avg Close $11.93 Range $11.02 - $12.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	10,030	$137	$10.05	$9.29 - $10.62
Q3 2018	7,720	$110	$10.23	$9.60 - $10.88
Q2 2018	3,591	$49	$10.17	$9.39 - $11.63
Q1 2018	2,400	$38	$11.58	$10.37 - $12.62
Q4 2017	582	$10	$11.93	$11.02 - $12.80