Direct Line Insurance Group plc (LON:DLG – Get Free Report) has earned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 206 ($2.71).
DLG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 240 ($3.16) price target on shares of Direct Line Insurance Group in a report on Thursday. Berenberg Bank dropped their price objective on shares of 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 195 ($2.56) price objective on shares of Direct Line Insurance Group in a report on Monday, June 24th.
Get Our Latest Analysis on DLG
Direct Line Insurance Group Stock Performance
Direct Line Insurance Group Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 1.04%. Direct Line Insurance Group’s dividend payout ratio is currently 5,000.00%.
Insider Transactions at Direct Line Insurance Group
In related news, insider Carol Hagh bought 10,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of GBX 195 ($2.56) per share, for a total transaction of £19,500 ($25,641.03). Insiders acquired a total of 10,152 shares of company stock valued at $1,980,088 in the last three months. 1.98% 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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