Direct Line Insurance Group (LON:DLG) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The firm currently has a GBX 240 ($3.16) price target on the stock.

Several other equities analysts have also issued reports on DLG. Berenberg Bank cut their price target on Direct Line Insurance Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set a hold rating on the stock in a research note on Tuesday, July 2nd. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 195 ($2.56) price target on shares of Direct Line Insurance Group in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of GBX 206 ($2.71).

Direct Line Insurance Group Price Performance

Shares of DLG stock opened at GBX 182.80 ($2.40) on Thursday. 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 has a 52 week low of GBX 149.50 ($1.97) and a 52 week high of GBX 240.10 ($3.16). The stock has a market capitalization of £2.38 billion, a PE ratio of 1,179.38, a PEG ratio of 3.49 and a beta of 0.45. The stock’s fifty day moving average is GBX 188.05 and its 200-day moving average is GBX 193.88.

Direct Line Insurance Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. Direct Line Insurance Group’s payout ratio is 5,000.00%.

Insider Buying and Selling at Direct Line Insurance Group

In related news, insider Carol Hagh bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of GBX 195 ($2.56) per share, with a total value of £19,500 ($25,641.03). Over the last quarter, insiders have purchased 10,152 shares of company stock valued at $1,980,088. 1.98% of the stock is currently owned by company insiders.

Direct Line Insurance Group Company Profile

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.