Direct Line Insurance Group plc (LON:DLG) Insider Buys £150.48 in Stock

Direct Line Insurance Group plc (LON:DLG) insider Adam Winslow purchased 72 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average cost of GBX 209 ($2.65) per share, for a total transaction of £150.48 ($190.89).

Adam Winslow also recently made the following trade(s):

• On Tuesday, May 28th, Adam Winslow purchased 71 shares of Direct Line Insurance Group stock. The stock was bought at an average cost of GBX 210 ($2.66) per share, for a total transaction of £149.10 ($189.14).
• On Tuesday, May 21st, Adam Winslow sold 454,979 shares of Direct Line Insurance Group stock. The shares were sold at an average price of GBX 203 ($2.58), for a total value of £923,607.37 ($1,171,644.51).

Direct Line Insurance Group Stock Down 1.0 %

Shares of Direct Line Insurance Group stock opened at GBX 201.35 ($2.55) on Monday. The firm has a market cap of £2.62 billion, a price-to-earnings ratio of 1,338.67, a P/E/G ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. Direct Line Insurance Group plc has a 52-week low of GBX 132.12 ($1.68) and a 52-week high of GBX 240.10 ($3.05). The stock has a 50-day simple moving average of GBX 198.79 and a 200-day simple moving average of GBX 189.66.

Wall Street Analyst Weigh In

DLG has been the topic of several research analyst reports. Berenberg Bank lifted their target price on Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 195 ($2.47) target price on shares of Direct Line Insurance Group in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Direct Line Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 209 ($2.65).

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.