Direct Line Insurance Group plc (LON:DLG - Get Free Report) insider Neil Manser purchased 78 shares of the business's stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average cost of GBX 192 ($2.41) per share, with a total value of £149.76 ($188.00).
Neil Manser also recently made the following trade(s):
- On Tuesday, February 27th, Neil Manser acquired 93 shares of Direct Line Insurance Group stock. The shares were bought at an average cost of GBX 162 ($2.03) per share, for a total transaction of £150.66 ($189.13).
- On Monday, January 29th, Neil Manser acquired 87 shares of Direct Line Insurance Group stock. The shares were bought at an average cost of GBX 114 ($1.43) per share, for a total transaction of GBX 9,918 ($124.50).
Direct Line Insurance Group Price Performance
LON:DLG opened at GBX 192.60 ($2.42) on Wednesday. Direct Line Insurance Group plc has a 12-month low of GBX 132.12 ($1.66) and a 12-month high of GBX 240.10 ($3.01). The stock's 50 day moving average price is GBX 186.60 and its two-hundred day moving average price is GBX 179.25. The company has a quick ratio of 0.28, a current ratio of 0.60 and a debt-to-equity ratio of 18.60. The firm has a market capitalization of £2.50 billion, a price-to-earnings ratio of 1,203.75, a P/E/G ratio of 2.22 and a beta of 0.44.
Direct Line Insurance Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.89%. The ex-dividend date is Thursday, April 4th. Direct Line Insurance Group's dividend payout ratio is presently 5,000.00%.
Wall Street Analysts Forecast Growth
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A number of research firms have issued reports on DLG. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 195 ($2.45) target price on shares of Direct Line Insurance Group in a report on Thursday, February 29th. Barclays raised Direct Line Insurance Group to an "equal weight" rating and lifted their target price for the company from GBX 188 ($2.36) to GBX 219 ($2.75) in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Direct Line Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 206.25 ($2.59).
Read Our Latest Report on Direct Line Insurance Group
About Direct Line Insurance Group
(
Get Free Report)
Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through four segments: Motor, Home, Rescue and Other Personal Lines, and Commercial. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.
Further Reading
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