Kinsale Capital Group Inc. Has $2.99 Million Position in Dollar General Co. (NYSE:DG)

Kinsale Capital Group Inc. raised its stake in shares of Dollar General Co. (NYSE:DG) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,428 shares of the company’s stock after purchasing an additional 6,025 shares during the period. Kinsale Capital Group Inc.’s holdings in Dollar General were worth $2,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. New York State Teachers Retirement System grew its stake in shares of Dollar General by 6.7% in the third quarter. New York State Teachers Retirement System now owns 199,976 shares of the company’s stock worth $16,912,000 after acquiring an additional 12,642 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Dollar General by 3.5% in the third quarter. Pinnacle Associates Ltd. now owns 17,012 shares of the company’s stock worth $1,439,000 after acquiring an additional 580 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Dollar General by 23.6% in the third quarter. Stephens Inc. AR now owns 7,892 shares of the company’s stock worth $667,000 after acquiring an additional 1,505 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Dollar General by 6.6% in the third quarter. New York State Common Retirement Fund now owns 333,049 shares of the company’s stock worth $28,166,000 after acquiring an additional 20,655 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Dollar General by 36.0% in the third quarter. Janney Montgomery Scott LLC now owns 79,764 shares of the company’s stock worth $6,746,000 after acquiring an additional 21,128 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.4 %

Shares of NYSE DG opened at $74.25 on Friday. The business has a fifty day moving average of $73.31 and a two-hundred day moving average of $81.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The stock has a market cap of $16.33 billion, a PE ratio of 12.23, a PEG ratio of 2.18 and a beta of 0.43.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General Co. 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 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. Dollar General’s dividend payout ratio is 38.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company reduced their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Bernstein Bank reduced their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. BMO Capital Markets raised their target price on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley reduced their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.77.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.