Cincinnati Specialty Underwriters Insurance CO Invests $1.95 Million in Dollar General Co. (NYSE:DG)

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

Other large investors also recently made changes to their positions in the company. Comerica Bank bought a new position in Dollar General during the 3rd quarter worth $12,047,000. Prime Capital Investment Advisors LLC increased its stake in Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after acquiring an additional 14,127 shares during the period. Vanguard Group Inc. increased its stake in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. International Assets Investment Management LLC bought a new position in Dollar General during the 4th quarter worth $18,861,000. Finally, Nexus Investment Management ULC increased its stake in Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after acquiring an additional 18,280 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Down 0.8 %

DG traded down $0.99 during midday trading on Tuesday, hitting $128.54. 1,571,510 shares of the company were exchanged, compared to its average volume of 2,450,287. The firm has a market capitalization of $28.27 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.52 and a beta of 0.43. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $173.47. The firm’s 50 day moving average price is $133.85 and its 200-day moving average price is $139.99. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 EPS. As a group, equities analysts forecast that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on DG. Evercore ISI lowered their price objective on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Loop Capital raised their target price on Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, June 28th. Truist Financial reduced 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.09.

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.