Direct Line Insurance Group plc (LON:DLG) Insider Purchases £149.48 in Stock

Direct Line Insurance Group plc (LON:DLGGet Rating) insider Neil Manser acquired 74 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average price of GBX 202 ($2.43) per share, for a total transaction of £149.48 ($180.10).

Direct Line Insurance Group Stock Up 1.5 %

Shares of LON:DLG opened at GBX 202.60 ($2.44) on Friday. The business’s 50 day simple moving average is GBX 239.99 and its two-hundred day simple moving average is GBX 264.68. The firm has a market cap of £2.66 billion and a P/E ratio of 844.17. The company has a debt-to-equity ratio of 22.69, a quick ratio of 0.30 and a current ratio of 0.55. Direct Line Insurance Group plc has a 52-week low of GBX 184.55 ($2.22) and a 52-week high of GBX 319.40 ($3.85).

Wall Street Analyst Weigh In

DLG has been the subject of several research reports. Jefferies Financial Group cut Direct Line Insurance Group to a “hold” rating and reduced their price objective for the company from GBX 330 ($3.98) to GBX 215 ($2.59) in a research report on Monday, July 18th. Morgan Stanley restated an “equal weight” rating and issued a GBX 330 ($3.98) target price on shares of Direct Line Insurance Group in a research note on Tuesday, April 5th. Berenberg Bank upgraded Direct Line Insurance Group to a “buy” rating and set a GBX 277 ($3.34) target price for the company in a research note on Friday, July 15th. JPMorgan Chase & Co. lowered their price objective on Direct Line Insurance Group from GBX 315 ($3.80) to GBX 240 ($2.89) and set a “neutral” rating for the company in a research report on Friday, July 15th. Finally, Barclays restated an “equal weight” rating and set a GBX 323 ($3.89) target price on shares of Direct Line Insurance Group in a report on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 302.50 ($3.64).

Direct Line Insurance Group Company Profile

(Get Rating)

Direct Line Insurance Group plc provides 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, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

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