Direct Line Insurance Group (LON:DLG) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

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

Several other research analysts have also recently issued reports on the company. Berenberg Bank lowered their price objective 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 report on Tuesday, July 2nd. Royal Bank of Canada reissued a sector perform rating and issued a GBX 195 ($2.56) target price on shares of Direct Line Insurance Group in a research report on Monday, June 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 206 ($2.71).

Direct Line Insurance Group Stock Performance

The business’s 50-day simple moving average is GBX 188.05 and its 200-day simple moving average is GBX 193.88. The firm has a market cap of £2.39 billion, a PE ratio of 1,144.38, a P/E/G ratio of 3.49 and a beta of 0.45. 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 company has a current ratio of 8.31, a quick ratio of 0.28 and a debt-to-equity ratio of 18.89.

Direct Line Insurance Group Cuts Dividend

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

Insider Buying and Selling at Direct Line Insurance Group

In related news, insider Carol Hagh acquired 10,000 shares of Direct Line Insurance Group stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of GBX 195 ($2.56) per share, with a total value of £19,500 ($25,641.03). Insiders purchased a total of 10,152 shares of company stock valued at $1,980,088 in the last ninety days. Insiders own 1.98% of the company’s stock.

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.