Cincinnati Insurance Co. Has $45.12 Million Stock Position in Dollar General Corporation $DG

Cincinnati Insurance Co. increased its position in shares of Dollar General Corporation (NYSE:DG) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 436,567 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Cincinnati Insurance Co.’s holdings in Dollar General were worth $45,119,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DG. Vanguard Group Inc. lifted its position in Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after purchasing an additional 384,447 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after buying an additional 1,458,093 shares during the period. Baupost Group LLC MA raised its stake in shares of Dollar General by 26.7% during the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock worth $305,037,000 after buying an additional 562,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dollar General by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock valued at $203,422,000 after buying an additional 70,588 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Dollar General by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 1,513,611 shares of the company’s stock valued at $173,130,000 after acquiring an additional 43,602 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DG shares. Telsey Advisory Group reissued a “market perform” rating and issued a $130.00 price target (up previously from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Oppenheimer increased their target price on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Piper Sandler raised their target price on Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Finally, Guggenheim increased their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.85.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan D. Wheeler sold 9,776 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the transaction, the executive vice president directly owned 22,295 shares of the company’s stock, valued at $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,673 shares of company stock valued at $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Dollar General Trading Down 0.9%

NYSE DG opened at $146.07 on Wednesday. The stock’s 50 day moving average price is $139.91 and its two-hundred day moving average price is $117.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.45 and a beta of 0.25. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $154.75.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is presently 40.76%.

Dollar General Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.