Adam Winslow Purchases 81 Shares of Direct Line Insurance Group plc (LON:DLG) Stock

Direct Line Insurance Group plc (LON:DLG) insider Adam Winslow acquired 81 shares of Direct Line Insurance Group stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average price of GBX 186 ($2.49) per share, for a total transaction of £150.66 ($201.52).

Direct Line Insurance Group Trading Down 0.8 %

LON DLG opened at GBX 185.80 ($2.49) on Wednesday. The company has a debt-to-equity ratio of 20.04, a current ratio of 0.57 and a quick ratio of 0.28. The stock has a market capitalization of £2.42 billion, a P/E ratio of 806.96, a PEG ratio of 2.38 and a beta of 0.42. The firm’s 50-day moving average is GBX 183.83 and its two-hundred day moving average is GBX 193.81. Direct Line Insurance Group plc has a 12 month low of GBX 149.50 ($2.00) and a 12 month high of GBX 240.10 ($3.21).

Direct Line Insurance Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.04%. Direct Line Insurance Group’s dividend payout ratio is currently 2,608.70%.

Analysts Set New Price Targets

Several research analysts have recently commented on DLG shares. Berenberg Bank reduced their price target on Direct Line Insurance Group from GBX 220 ($2.94) to GBX 215 ($2.88) and set a “hold” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 240 ($3.21) target price on shares of Direct Line Insurance Group in a report on Thursday, September 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 195 ($2.61) price target on shares of Direct Line Insurance Group in a report on Monday, June 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 206 ($2.76).

Direct Line Insurance Group Company Profile

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.