Brokerages Set Direct Line Insurance Group plc (LON:DLG) Price Target at GBX 206

Direct Line Insurance Group plc (LON:DLG) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 206 ($2.69).

A number of research firms have weighed in on DLG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 240 ($3.14) price objective on shares of Direct Line Insurance Group in a research note on Thursday, September 5th. Berenberg Bank dropped their price objective 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 research note on Tuesday, July 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 195 ($2.55) price objective on shares of Direct Line Insurance Group in a research note on Monday, June 24th.

Insider Buying and Selling

In other news, insider Carol Hagh purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of GBX 195 ($2.55) per share, for a total transaction of £19,500 ($25,500.20). Insiders have bought a total of 10,152 shares of company stock valued at $1,980,088 over the last three months. 1.98% of the stock is owned by company insiders.

Direct Line Insurance Group Stock Performance

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 company’s 50-day moving average price is GBX 188.05 and its two-hundred day moving average price is GBX 193.88. The company has a market capitalization of £2.34 billion, a price-to-earnings ratio of 1,134.38, a PEG ratio of 2.53 and a beta of 0.42.

Direct Line Insurance Group Cuts Dividend

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