Direct Line Insurance Group PLC (LON:DLG) insider Gregor Stewart bought 2,925 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of GBX 340 ($4.44) per share, with a total value of £9,945 ($12,994.90).
Shares of LON:DLG opened at GBX 340.20 ($4.45) on Friday. Direct Line Insurance Group PLC has a fifty-two week low of GBX 300.70 ($3.93) and a fifty-two week high of GBX 379.70 ($4.96). The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 11.19. The stock has a market capitalization of $4.64 billion and a PE ratio of 10.28.
The company also recently declared a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 4th will be issued a dividend of GBX 22.30 ($0.29) per share. This is a boost from Direct Line Insurance Group’s previous dividend of $7.00. This represents a yield of 6.26%. The ex-dividend date is Thursday, April 4th. Direct Line Insurance Group’s dividend payout ratio is currently 0.63%.
DLG has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating on shares of Direct Line Insurance Group in a report on Thursday, January 31st. HSBC upped their price objective on Direct Line Insurance Group from GBX 410 ($5.36) to GBX 424 ($5.54) and gave the company a “buy” rating in a research note on Wednesday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Direct Line Insurance Group from GBX 375 ($4.90) to GBX 360 ($4.70) and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Barclays reiterated an “equal weight” rating on shares of Direct Line Insurance Group in a research note on Monday, January 21st. Finally, BNP Paribas reiterated an “outperform” rating on shares of Direct Line Insurance Group in a research note on Thursday, January 24th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Direct Line Insurance Group currently has an average rating of “Hold” and an average price target of GBX 379.42 ($4.96).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance for small and medium-sized enterprises.
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