Direct Line Insurance Group plc (LON:DLG) Insider Purchases £150.40 in Stock

Posted by MarketBeat News on Aug 30th, 2024

Direct Line Insurance Group plc (LON:DLG – Get Free Report) insider Neil Manser purchased 80 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of GBX 188 ($2.48) per share, with a total value of £150.40 ($198.34).

Direct Line Insurance Group Trading Up 0.7 %

LON:DLG opened at GBX 191.20 ($2.52) on Friday. The company has a market capitalization of £2.49 billion, a PE ratio of 1,195.00, a P/E/G ratio of 3.49 and a beta of 0.45. Direct Line Insurance Group plc has a 52-week low of GBX 149.25 ($1.97) and a 52-week high of GBX 240.10 ($3.17). The stock’s 50 day moving average price is GBX 189.18 and its 200 day moving average price is GBX 193.07. The company has a quick ratio of 0.28, a current ratio of 8.31 and a debt-to-equity ratio of 18.89.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 195 ($2.57) price objective on shares of Direct Line Insurance Group in a research report on Monday, June 24th. Berenberg Bank decreased their price target on Direct Line Insurance Group from GBX 220 ($2.90) to GBX 215 ($2.84) and set a “hold” rating for the company in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 208 ($2.74).

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Direct Line Insurance Group Company Profile

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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.