Direct Line Insurance Group (LON:DLG) Stock Price Passes Above Two Hundred Day Moving Average of $188.56

Direct Line Insurance Group plc (LON:DLGGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 188.56 ($2.42) and traded as high as GBX 211.40 ($2.71). Direct Line Insurance Group shares last traded at GBX 211.20 ($2.71), with a volume of 1,127,440 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLG shares. Berenberg Bank boosted their target price on shares of Direct Line Insurance Group from GBX 195 ($2.50) to GBX 220 ($2.82) and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays raised Direct Line Insurance Group to an “equal weight” rating and upped their price target for the company from GBX 188 ($2.41) to GBX 219 ($2.81) in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Direct Line Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 212.50 ($2.72).

Check Out Our Latest Analysis on DLG

Direct Line Insurance Group Trading Down 0.6 %

The firm has a 50-day moving average price of GBX 196.12 and a 200-day moving average price of GBX 188.73. The stock has a market cap of £2.73 billion, a PE ratio of 1,400.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a quick ratio of 0.28 and a current ratio of 8.31.

Direct Line Insurance Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 17th. Investors of record on Thursday, April 4th were issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.89%. Direct Line Insurance Group’s dividend payout ratio is presently 5,333.33%.

Insider Activity at Direct Line Insurance Group

In other news, insider Adam Winslow sold 454,979 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.60), for a total transaction of £923,607.37 ($1,183,353.45). In the last 90 days, insiders have purchased 229 shares of company stock worth $44,766. Company insiders own 1.93% of the company’s stock.

About Direct Line Insurance Group

(Get Free Report)

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.

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