Direct Line Insurance Group’s (DLG) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 240 ($3.16) price target on the stock.

Several other equities research analysts also recently issued reports on DLG. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 195 ($2.56) price objective on shares of Direct Line Insurance Group in a report on Monday, June 24th. Berenberg Bank cut their price objective on Direct Line Insurance Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set a hold rating on the stock in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of GBX 206 ($2.71).

Direct Line Insurance Group Stock Performance

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 stock has a market cap of £2.39 billion, a P/E ratio of 1,144.38, a PEG ratio of 3.49 and a beta of 0.45. Direct Line Insurance Group has a 1-year low of GBX 149.50 ($1.97) and a 1-year high of GBX 240.10 ($3.16). The company has a 50-day moving average price of GBX 188.05 and a two-hundred day moving average price of GBX 193.88.

Direct Line Insurance Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1.04%. Direct Line Insurance Group’s payout ratio is 5,000.00%.

Insider Buying and Selling

In related news, insider Carol Hagh bought 10,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of GBX 195 ($2.56) per share, with a total value of £19,500 ($25,641.03). Insiders purchased 10,152 shares of company stock valued at $1,980,088 in the last three months. 1.98% of the stock is owned by corporate insiders.

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.