Direct Line Insurance Group (LON:DLG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Direct Line Insurance Group plc (LON:DLG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 238.04 ($3.16) and traded as high as GBX 280 ($3.72). Direct Line Insurance Group shares last traded at GBX 278.20 ($3.69), with a volume of 14,031,447 shares changing hands.

Direct Line Insurance Group Price Performance

The firm has a 50-day simple moving average of GBX 273.92 and a 200-day simple moving average of GBX 238.04. The firm has a market capitalization of £3.61 billion, a PE ratio of 14.70, a PEG ratio of 2.42 and a beta of 0.42. The company has a debt-to-equity ratio of 10.83, a current ratio of 19.57 and a quick ratio of 0.28.

Direct Line Insurance Group (LON:DLG) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Direct Line Insurance Group plc will post 21.3365735 earnings per share for the current year.

Insider Activity

In related news, insider Jane Poole sold 19,864 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 281 ($3.73), for a total value of £55,817.84 ($74,078.09). Also, insider Adam Winslow sold 387,960 shares of Direct Line Insurance Group stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 281 ($3.73), for a total transaction of £1,090,167.60 ($1,446,805.04). Insiders acquired a total of 164 shares of company stock valued at $44,976 in the last 90 days. 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.