Direct Line Insurance Group plc (DLG) To Go Ex-Dividend on September 12th

Direct Line Insurance Group plc (LON:DLG) declared a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2 ($0.03) per share on Friday, October 11th. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be seen at this link.

Direct Line Insurance Group Stock Performance

Shares of LON DLG opened at GBX 183.60 ($2.41) on Friday. Direct Line Insurance Group has a 1 year low of GBX 149.50 ($1.97) and a 1 year high of GBX 240.10 ($3.16). The firm has a market cap of £2.39 billion, a P/E ratio of 1,144.38, a PEG ratio of 3.49 and a beta of 0.45. The stock has a fifty day moving average price of GBX 188.05 and a two-hundred day moving average price of GBX 193.88. The company has a debt-to-equity ratio of 18.89, a quick ratio of 0.28 and a current ratio of 8.31.

Wall Street Analyst Weigh In

DLG has been the subject of several research reports. Berenberg Bank decreased their target price on Direct Line Insurance Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set a “hold” rating for the company in a research note on Tuesday, July 2nd. Royal Bank of Canada restated a “sector perform” rating and set a GBX 195 ($2.56) price objective on shares of Direct Line Insurance Group in a research report on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 240 ($3.16) target price on shares of Direct Line Insurance Group in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 206 ($2.71).

Insiders Place Their Bets

In other news, insider Carol Hagh acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of GBX 195 ($2.56) per share, with a total value of £19,500 ($25,641.03). Insiders bought a total of 10,152 shares of company stock worth $1,980,088 over the last ninety days. 1.98% of the stock is currently owned by company insiders.

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.