Direct Line Insurance Group plc (LON:DLG - Get Free Report) insider Adam Winslow sold 454,979 shares of Direct Line Insurance Group stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.58), for a total transaction of £923,607.37 ($1,173,878.20).
Direct Line Insurance Group Price Performance
Shares of LON:DLG opened at GBX 201.60 ($2.56) on Thursday. The firm has a market capitalization of £2.62 billion, a PE ratio of 1,260.00, a PEG ratio of 2.22 and a beta of 0.44. The company has a current ratio of 8.31, a quick ratio of 0.28 and a debt-to-equity ratio of 18.89. Direct Line Insurance Group plc has a 1-year low of GBX 132.12 ($1.68) and a 1-year high of GBX 240.10 ($3.05). The business's 50 day moving average is GBX 194.61 and its 200-day moving average is GBX 185.93.
Direct Line Insurance Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, May 17th. Shareholders of record on Thursday, April 4th were issued a GBX 4 ($0.05) dividend. This represents a yield of 1.89%. The ex-dividend date was Thursday, April 4th. Direct Line Insurance Group's dividend payout ratio (DPR) is presently 5,000.00%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on DLG shares. Berenberg Bank upped their price target on shares of Direct Line Insurance Group from GBX 195 ($2.48) to GBX 220 ($2.80) and gave the company a "buy" rating in a report on Wednesday, April 3rd. Barclays upgraded Direct Line Insurance Group to an "equal weight" rating and upped their price target for the stock from GBX 188 ($2.39) to GBX 219 ($2.78) in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Direct Line Insurance Group currently has an average rating of "Moderate Buy" and an average target price of GBX 212.50 ($2.70).
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Direct Line Insurance Group Company Profile
(
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 Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises.
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