Direct Line Insurance Group plc (LON:DLG – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 189.01 ($2.41) and traded as high as GBX 194.30 ($2.47). Direct Line Insurance Group shares last traded at GBX 192.80 ($2.46), with a volume of 1,803,088 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on DLG shares. Berenberg Bank boosted their price target on Direct Line Insurance Group from GBX 195 ($2.48) to GBX 220 ($2.80) and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays upgraded shares of Direct Line Insurance Group to an “equal weight” rating and increased their target price for the stock from GBX 188 ($2.39) to GBX 219 ($2.79) in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Direct Line Insurance Group presently has an average rating of “Moderate Buy” and an average price target of GBX 212.50 ($2.71).
Get Our Latest Stock Report on Direct Line Insurance Group
Direct Line Insurance Group Stock Performance
Direct Line Insurance Group Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, May 17th. Shareholders of record on Thursday, April 4th were paid a GBX 4 ($0.05) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend was Thursday, April 4th. Direct Line Insurance Group’s payout ratio is currently 5,333.33%.
Insider Buying and Selling at Direct Line Insurance Group
In other news, insider Adam Winslow sold 454,979 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.58), for a total value of £923,607.37 ($1,176,120.43). Insiders have bought 229 shares of company stock valued at $44,766 in the last 90 days. 1.93% of the stock is currently owned by company insiders.
Direct Line Insurance Group Company Profile
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.
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