Direct Line Insurance Group plc (LON:DLG) Insider Acquires £148.80 in Stock

Direct Line Insurance Group plc (LON:DLG) insider Neil Manser purchased 80 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of GBX 186 ($2.34) per share, with a total value of £148.80 ($186.91).

Neil Manser also recently made the following trade(s):

• On Wednesday, March 27th, Neil Manser purchased 78 shares of Direct Line Insurance Group stock. The shares were acquired at an average price of GBX 192 ($2.41) per share, with a total value of £149.76 ($188.12).
• On Tuesday, February 27th, Neil Manser purchased 93 shares of Direct Line Insurance Group stock. The shares were acquired at an average price of GBX 162 ($2.03) per share, with a total value of £150.66 ($189.25).

Direct Line Insurance Group Trading Down 0.9 %

Direct Line Insurance Group stock traded down GBX 1.70 ($0.02) during mid-day trading on Tuesday, hitting GBX 185.80 ($2.33). The stock had a trading volume of 4,195,622 shares, compared to its average volume of 5,595,696. 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 12 month low of GBX 132.12 ($1.66) and a 12 month high of GBX 240.10 ($3.02). The stock has a market capitalization of £2.42 billion, a PE ratio of 1,173.13, a P/E/G ratio of 2.22 and a beta of 0.44. The stock has a 50-day simple moving average of GBX 195.55 and a two-hundred day simple moving average of GBX 181.75.

Direct Line Insurance Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, April 4th. Direct Line Insurance Group’s dividend payout ratio is currently 5,000.00%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upgraded Direct Line Insurance Group to an “equal weight” rating and upped their target price for the company from GBX 188 ($2.36) to GBX 219 ($2.75) in a research note on Thursday, February 29th. Berenberg Bank upped their target price on Direct Line Insurance Group from GBX 195 ($2.45) to GBX 220 ($2.76) and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Direct Line Insurance Group presently has an average rating of “Moderate Buy” and an average price target of GBX 212.50 ($2.67).

About Direct Line Insurance Group

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.