Direct Line Insurance Group - DLG Share Forecast, Price & News

Direct Line Insurance Group plc provides 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, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises. The company also provides management, motor vehicle repair, insurance intermediary, support and operational, legal, and breakdown recovery services. It sells its insurance products directly through price comparison Websites and phone, as well as through partners and brokers under the Direct Line, Churchill, Green Flag, Direct Line for Business, DLG Partnerships, NIG, Privilege, DLG Legal Services, Darwin, and DLG Auto Services brands. The company was formerly known as RBS Insurance Group Limited and changed its name to Direct Line Insurance Group plc in February 2012. Direct Line Insurance Group plc was founded in 1985 and is based in Bromley, the United Kingdom.

Direct Line Insurance Group Stock Performance

LON:DLG traded down GBX 2.20 ($0.03) on Thursday, hitting GBX 216 ($2.61). The stock had a trading volume of 6,198,291 shares, compared to its average volume of 4,992,286. Direct Line Insurance Group has a one year low of GBX 184.55 ($2.23) and a one year high of GBX 318 ($3.84). The company has a quick ratio of 0.30, a current ratio of 0.55 and a debt-to-equity ratio of 22.69. The stock has a market cap of £2.83 billion and a price-to-earnings ratio of 909.17. The company's 50-day moving average is GBX 231.46 and its two-hundred day moving average is GBX 258.59.

Direct Line Insurance Group Cuts Dividend

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

Analyst Upgrades and Downgrades

DLG has been the subject of several research analyst reports. Barclays reissued an "equal weight" rating and issued a GBX 292 ($3.53) target price on shares of Direct Line Insurance Group in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 230 ($2.78) price objective on shares of Direct Line Insurance Group in a research note on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 240 ($2.90) price objective on shares of Direct Line Insurance Group in a research note on Wednesday, August 3rd. Credit Suisse Group dropped their price objective on shares of Direct Line Insurance Group from GBX 250 ($3.02) to GBX 240 ($2.90) and set an "outperform" rating on the stock in a research note on Wednesday, August 3rd. Finally, Jefferies Financial Group lowered shares of Direct Line Insurance Group to a "hold" rating and dropped their price objective for the stock from GBX 330 ($3.99) to GBX 215 ($2.60) in a research note on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 282.30 ($3.41).

Insider Activity

In other news, insider Neil Manser sold 48,462 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of GBX 208 ($2.51), for a total value of £100,800.96 ($121,799.13).