Direct Line Insurance Group (LON:DLG) Hits New 52-Week High – Still a Buy?

Direct Line Insurance Group plc (LON:DLG)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 296.40 ($3.97) and last traded at GBX 295.60 ($3.96), with a volume of 534123 shares. The stock had previously closed at GBX 292.60 ($3.92).

Direct Line Insurance Group Trading Down 0.2%

The company has a quick ratio of 0.28, a current ratio of 19.57 and a debt-to-equity ratio of 10.83. The stock’s fifty day moving average price is GBX 280.51 and its two-hundred day moving average price is GBX 252.69. The company has a market capitalization of £3.87 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.42 and a beta of 0.42.

Direct Line Insurance Group (LON:DLG) last posted its earnings results on Wednesday, March 5th. The company reported GBX 11.20 ($0.15) earnings per share for the quarter. Direct Line Insurance Group had a net margin of 8.18% and a return on equity of 12.96%. Sell-side analysts anticipate that Direct Line Insurance Group plc will post 21.3365735 earnings per share for the current year.

Insider Transactions at Direct Line Insurance Group

In other Direct Line Insurance Group news, insider Jane Poole sold 19,864 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of GBX 281 ($3.77), for a total value of £55,817.84 ($74,852.94). Also, insider Adam Winslow sold 387,960 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 281 ($3.77), for a total transaction of £1,090,167.60 ($1,461,938.58). Over the last ninety days, insiders bought 161 shares of company stock worth $44,864. Company insiders own 0.85% of the company’s stock.

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.