Kinsale Capital Group Inc. Invests $406,000 in Dollar General Co. (NYSE:DG)

Kinsale Capital Group Inc. acquired a new position in Dollar General Co. (NYSE:DG – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,650 shares of the company’s stock, valued at approximately $406,000. Dollar General accounts for 0.4% of Kinsale Capital Group Inc.’s holdings, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of DG. D.A. Davidson & CO. lifted its holdings in Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after buying an additional 184 shares during the period. Dakota Wealth Management purchased a new position in shares of Dollar General during the first quarter valued at approximately $474,000. Baird Financial Group Inc. lifted its holdings in shares of Dollar General by 26.3% during the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after purchasing an additional 12,262 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Dollar General by 156.4% during the first quarter. Covestor Ltd now owns 418 shares of the company’s stock valued at $93,000 after purchasing an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Dollar General by 17.7% during the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock valued at $15,947,000 after purchasing an additional 10,773 shares during the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.4 %

Dollar General stock traded up $0.78 during midday trading on Friday, reaching $204.39. The stock had a trading volume of 1,508,517 shares, compared to its average volume of 1,859,053. The company has a quick ratio of 0.14, a current ratio of 1.29 and a debt-to-equity ratio of 1.26. Dollar General Co. has a 52-week low of $200.80 and a 52-week high of $261.59. The firm has a market cap of $44.78 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.76 and a beta of 0.33. The company has a fifty day moving average of $214.34 and a 200 day moving average of $229.35.

Dollar General (NYSE:DG – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. The company had revenue of $10.20 billion for the quarter, compared to analyst estimates of $10.24 billion. During the same period in the prior year, the company posted $2.57 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts anticipate that Dollar General Co. will post 11.17 earnings per share for the current fiscal year.

Dollar General Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Tuesday, April 11th were given a dividend of $0.59 per share. The ex-dividend date was Monday, April 10th. This is a positive change from Dollar General’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.15%. Dollar General’s dividend payout ratio (DPR) is 22.10%.

Insider Transactions at Dollar General

In other news, Director Timothy I. Mcguire bought 3,550 shares of the stock in a transaction on Friday, March 24th. The stock was bought at an average cost of $202.00 per share, for a total transaction of $717,100.00. Following the completion of the purchase, the director now directly owns 11,104 shares in the company, valued at $2,243,008. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Dollar General from $240.00 to $230.00 in a report on Monday, March 20th. Truist Financial boosted their target price on shares of Dollar General from $211.00 to $214.00 and gave the company a “hold” rating in a research note on Friday, March 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $242.00 target price on shares of Dollar General in a research note on Friday, March 17th. Raymond James decreased their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a research note on Friday, February 24th. Finally, StockNews.com started coverage on shares of Dollar General in a research note on Thursday, May 18th. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Moderate Buy” and an average price target of $248.82.

Dollar General Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.