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

Direct Line Insurance Group plc (LON:DLG) insider Neil Manser purchased 80 shares of the stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of GBX 188 ($2.48) per share, for a total transaction of £150.40 ($198.34).

Direct Line Insurance Group Stock Performance

LON:DLG opened at GBX 191.20 ($2.52) on Friday. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. The company has a market cap of £2.49 billion, a price-to-earnings ratio of 1,195.00, a PEG ratio of 3.49 and a beta of 0.45. Direct Line Insurance Group plc has a 1 year low of GBX 149.25 ($1.97) and a 1 year high of GBX 240.10 ($3.17). The stock’s 50 day simple moving average is GBX 189.18 and its two-hundred day simple moving average is GBX 193.07.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DLG shares. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 195 ($2.57) price objective on shares of Direct Line Insurance Group in a research report on Monday, June 24th. Berenberg Bank cut their target price on shares of Direct Line Insurance Group from GBX 220 ($2.90) to GBX 215 ($2.84) and set a “hold” rating for the company in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 208 ($2.74).

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.