Kinsale Capital Group Inc. Grows Position in Dollar General Co. (NYSE:DG)

Kinsale Capital Group Inc. increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,403 shares of the company's stock after purchasing an additional 6,645 shares during the period. Kinsale Capital Group Inc.'s holdings in Dollar General were worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. grew its position in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company's stock valued at $373,000 after buying an additional 80 shares during the period. Pullen Investment Management LLC grew its position in shares of Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company's stock valued at $278,000 after purchasing an additional 87 shares during the period. Pathway Financial Advisers LLC grew its position in shares of Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock valued at $50,000 after purchasing an additional 88 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Dollar General by 3.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company's stock valued at $375,000 after purchasing an additional 103 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company's stock valued at $220,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DG shares. Raymond James lowered their price target on shares of Dollar General from $150.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Oppenheimer restated a "market perform" rating on shares of Dollar General in a research report on Monday, August 26th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price on the stock. Finally, Telsey Advisory Group downgraded shares of Dollar General from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $104.45.

Insider Activity

In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Dollar General Stock Performance

DG stock traded down $1.17 on Friday, hitting $75.88. The company's stock had a trading volume of 3,704,309 shares, compared to its average volume of 3,944,724. The firm has a 50 day moving average of $81.85 and a two-hundred day moving average of $110.18. Dollar General Co. has a 1 year low of $73.51 and a 1 year high of $168.07. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. Equities analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.11%. Dollar General's dividend payout ratio is presently 36.65%.

Dollar General Company Profile

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.