Insider Selling: Direct Line Insurance Group plc (LON:DLG) Insider sells 48,462 shares


Insider Neil Manser of Direct Line Insurance Group plc (LON:DLG – Get Rating) sold 48,462 shares of the company in a trade on Monday August 8. The shares were sold at an average price of 208 GBX ($2.51), for a total value of £100,800.96 ($121,799.13).

Neil Manser also recently made the following trade(s):

  • On Wednesday July 27, Neil Manser purchased 74 shares of Direct Line Insurance Group. The shares were acquired at an average cost of 202 GBX ($2.44) per share, for a total transaction of £149.48 ($180.62).

Performance of Direct Line Insurance group shares

DLG opened Thursday at 218.20 GBX ($2.64). The company has a market capitalization of £2.86 billion and a PE ratio of 909.17. The stock has a 50-day moving average of 231.46 GBX and a 200-day moving average of 258.59 GBX. Direct Line Insurance Group plc has a 52-week low of 184.55 GBX ($2.23) and a 52-week high of 318.80 GBX ($3.85). The company has a debt ratio of 22.69, a quick ratio of 0.30 and a current ratio of 0.55.

Direct Line Insurance Group cuts its dividends

The company also recently declared a dividend, which will be paid on Friday, September 9. Shareholders of record on Thursday, August 11 will receive a dividend of GBX 7.60 ($0.09) per share. The ex-dividend date is Thursday, August 11. This represents a dividend yield of 3.67%. Direct Line Insurance Group’s dividend payout ratio (DPR) is currently 94.58%.

Wall Street analysts predict growth

DLG has been the subject of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a GBX 360 ($4.35) price target on shares of Direct Line Insurance Group in a Friday, May 27 research report. Berenberg Bank raised its price target on Direct Line Insurance Group from GBX 262 ($3.17) to GBX 266 ($3.21) and gave the company a “buy” rating in a Wednesday 3 research report august. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a price target of 240 GBX ($2.90) on shares of Direct Line Insurance Group in a Wednesday, August 3 research report. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a target price of 230 GBX ($2.78) on shares of Direct Line Insurance Group in a research report on Wednesday August 3. Finally, Barclays reaffirmed an “equal weight” rating and published a target price of 292 GBX ($3.53) on shares of Direct Line Insurance Group in a research report on Wednesday August 3. Five research analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 282.30 ($3.41).

About Direct Line Insurance Group

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Direct Line Insurance Group plc provides general insurance products and services in the UK. The Company operates through the Automotive, Home, Rescue and Other Personal Lines, and Commercial segments. It offers auto, home, salvage, travel, credit and pet insurance products, as well as insurance for mid-to-high net worth clients; and commercial insurance for small and medium enterprises.

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