Kinsale Capital Group Inc. Purchases 6,083 Shares of Dollar General Corporation $DG

Kinsale Capital Group Inc. boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,950 shares of the company’s stock after purchasing an additional 6,083 shares during the quarter. Kinsale Capital Group Inc.’s holdings in Dollar General were worth $6,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Moloney Securities Asset Management LLC raised its stake in Dollar General by 93.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 14,363 shares of the company’s stock worth $1,484,000 after acquiring an additional 6,950 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Dollar General by 2.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 39,727 shares of the company’s stock worth $4,106,000 after buying an additional 1,039 shares during the period. Hudson Canyon Capital Management increased its position in shares of Dollar General by 4.2% during the third quarter. Hudson Canyon Capital Management now owns 18,471 shares of the company’s stock worth $1,832,000 after purchasing an additional 750 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in Dollar General by 66.1% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 339,166 shares of the company’s stock worth $35,053,000 after purchasing an additional 134,988 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Dollar General by 6.2% during the third quarter. Bessemer Group Inc. now owns 6,782 shares of the company’s stock worth $701,000 after purchasing an additional 398 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DG shares. Daiwa Securities Group raised their price objective on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Gordon Haskett increased their price objective on Dollar General from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Wells Fargo & Company lifted their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Finally, Citigroup increased their price target on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.85.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president directly owned 73,492 shares in the company, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by company insiders.

Dollar General Trading Up 1.2%

NYSE:DG opened at $146.70 on Friday. The business’s 50-day moving average is $138.43 and its two-hundred day moving average is $117.12. The firm has a market capitalization of $32.29 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.25. Dollar General Corporation has a 12 month low of $70.01 and a 12 month high of $154.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s payout ratio is 40.76%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.