Direct Line Insurance Group plc (LON:DLG) Plans Dividend of GBX 2

Direct Line Insurance Group plc (LON:DLG) declared a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2 ($0.03) per share on Friday, October 11th. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be accessed at this link.

Direct Line Insurance Group Stock Performance

Shares of Direct Line Insurance Group stock opened at GBX 185.70 ($2.43) on Tuesday. The company has a market cap of £2.41 billion, a PE ratio of 805.65, a price-to-earnings-growth ratio of 2.53 and a beta of 0.42. The company has a quick ratio of 0.28, a current ratio of 0.57 and a debt-to-equity ratio of 20.04. Direct Line Insurance Group has a 52 week low of GBX 149.50 ($1.96) and a 52 week high of GBX 240.10 ($3.14). The business has a 50 day moving average price of GBX 188.05 and a 200-day moving average price of GBX 193.88.

Insider Buying and Selling at Direct Line Insurance Group

In related news, insider Carol Hagh purchased 10,000 shares of Direct Line Insurance Group stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of GBX 195 ($2.55) per share, for a total transaction of £19,500 ($25,500.20). Insiders acquired 10,152 shares of company stock worth $1,980,088 in the last quarter. 1.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 240 ($3.14) price target on shares of Direct Line Insurance Group in a research report on Thursday, September 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 195 ($2.55) target price on shares of Direct Line Insurance Group in a report on Monday, June 24th. Finally, Berenberg Bank cut their price target on shares of Direct Line Insurance Group from GBX 220 ($2.88) to GBX 215 ($2.81) and set a “hold” rating on the stock in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Direct Line Insurance Group presently has an average rating of “Hold” and a consensus target price of GBX 206 ($2.69).

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.