Carol Hagh Purchases 10,000 Shares of Direct Line Insurance Group plc (LON:DLG) Stock

Direct Line Insurance Group plc (LON:DLG) insider Carol Hagh bought 10,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of GBX 195 ($2.56) per share, for a total transaction of £19,500 ($25,641.03).

Direct Line Insurance Group Price Performance

LON DLG opened at GBX 188.70 ($2.48) on Friday. The company has a quick ratio of 0.28, a current ratio of 8.31 and a debt-to-equity ratio of 18.89. The stock has a market capitalization of £2.45 billion, a PE ratio of 1,179.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.45. The company has a 50 day moving average price of GBX 188.05 and a two-hundred day moving average price of GBX 193.88. Direct Line Insurance Group plc has a 12-month low of GBX 149.50 ($1.97) and a 12-month high of GBX 240.10 ($3.16).

Direct Line Insurance Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. Direct Line Insurance Group’s dividend payout ratio (DPR) is presently 5,000.00%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a GBX 195 ($2.56) price target on shares of Direct Line Insurance Group in a report on Monday, June 24th. Berenberg Bank decreased their price target on shares of Direct Line Insurance Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set a “hold” rating for the company in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 240 ($3.16) price target on shares of Direct Line Insurance Group in a report on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Direct Line Insurance Group presently has an average rating of “Hold” and an average price target of GBX 206 ($2.71).

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.