Neil Manser Purchases 80 Shares of Direct Line Insurance Group plc (LON:DLG) Stock

Direct Line Insurance Group plc (LON:DLG) insider Neil Manser purchased 80 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of GBX 186 ($2.34) per share, with a total value of £148.80 ($186.91).

Neil Manser also recently made the following trade(s):

• On Wednesday, March 27th, Neil Manser acquired 78 shares of Direct Line Insurance Group stock. The stock was purchased at an average cost of GBX 192 ($2.41) per share, for a total transaction of £149.76 ($188.12).
• On Tuesday, February 27th, Neil Manser bought 93 shares of Direct Line Insurance Group stock. The shares were purchased at an average cost of GBX 162 ($2.03) per share, with a total value of £150.66 ($189.25).

Direct Line Insurance Group Stock Performance

Shares of LON DLG opened at GBX 183 ($2.30) on Thursday. The company has a 50 day simple moving average of GBX 196.41 and a two-hundred day simple moving average of GBX 181.96. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 1,143.75, a PEG ratio of 2.22 and a beta of 0.44. 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 plc has a 12 month low of GBX 132.12 ($1.66) and a 12 month high of GBX 240.10 ($3.02).

Direct Line Insurance Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, April 4th. Direct Line Insurance Group’s payout ratio is 5,000.00%.

Analyst Ratings Changes

DLG has been the topic of a number of recent analyst reports. Barclays raised Direct Line Insurance Group to an “equal weight” rating and upped their price target for the stock from GBX 188 ($2.36) to GBX 219 ($2.75) in a research report on Thursday, February 29th. Berenberg Bank raised their price target on Direct Line Insurance Group from GBX 195 ($2.45) to GBX 220 ($2.76) and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 212.50 ($2.67).

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.