12,500 Shares in Dollar General Co. (NYSE:DG) Bought by Cincinnati Specialty Underwriters Insurance CO

Cincinnati Specialty Underwriters Insurance CO acquired a new position in shares of Dollar General Co. (NYSE:DG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,500 shares of the company’s stock, valued at approximately $1,951,000.

Other large investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General in the fourth quarter valued at $25,000. Burkett Financial Services LLC acquired a new position in shares of Dollar General during the fourth quarter valued at $26,000. Fortis Group Advisors LLC increased its holdings in shares of Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. increased its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Dollar General during the fourth quarter valued at $33,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Down 0.8 %

NYSE DG traded down $0.99 during trading on Tuesday, reaching $128.54. 1,571,510 shares of the company’s stock were exchanged, compared to its average volume of 2,450,287. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $173.47. The firm has a market capitalization of $28.27 billion, a PE ratio of 18.71, a P/E/G ratio of 2.52 and a beta of 0.43. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $133.85 and its 200-day simple moving average is $139.99.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company posted $2.34 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.84%. Dollar General’s payout ratio is presently 34.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on DG shares. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price target on shares of Dollar General in a report on Thursday, May 30th. Argus raised their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Truist Financial lowered their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. The Goldman Sachs Group lifted their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Loop Capital lifted their target price on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $148.09.

Insiders Place Their Bets

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

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.