Direct Line Insurance Group plc (LON:DLG) Receives GBX 206 Average Price Target from Brokerages

Direct Line Insurance Group plc (LON:DLG) has earned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 206 ($2.69).

A number of equities analysts have recently commented on the stock. Berenberg Bank decreased 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 240 ($3.14) target price on shares of Direct Line Insurance Group in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 195 ($2.55) price target on shares of Direct Line Insurance Group in a research note on Monday, June 24th.

Insider Buying and Selling

In related news, insider Carol Hagh bought 10,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of GBX 195 ($2.55) per share, with a total value of £19,500 ($25,500.20). Insiders acquired 10,152 shares of company stock valued at $1,980,088 over the last quarter. 1.98% of the stock is owned by company insiders.

Direct Line Insurance Group Stock Performance

The company has a current ratio of 0.57, a quick ratio of 0.28 and a debt-to-equity ratio of 20.04. Direct Line Insurance Group has a 1-year low of GBX 149.50 ($1.96) and a 1-year high of GBX 240.10 ($3.14). The company has a market capitalization of £2.33 billion, a PE ratio of 782.61, a P/E/G ratio of 2.53 and a beta of 0.42. The stock has a fifty day moving average price of GBX 186.85 and a two-hundred day moving average price of GBX 193.76.

Direct Line Insurance Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend 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%.

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.