Direct Line Insurance Group plc (LON:DLG) Insider Adam Winslow Sells 454,979 Shares of Stock

Direct Line Insurance Group plc (LON:DLG) insider Adam Winslow sold 454,979 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.58), for a total transaction of £923,607.37 ($1,173,878.20).

Direct Line Insurance Group Stock Down 1.1 %

DLG stock opened at GBX 201.60 ($2.56) on Thursday. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. Direct Line Insurance Group plc has a 12 month low of GBX 132.12 ($1.68) and a 12 month high of GBX 240.10 ($3.05). The firm has a market capitalization of £2.62 billion, a PE ratio of 1,260.00, a P/E/G ratio of 2.22 and a beta of 0.44. The company’s 50 day simple moving average is GBX 194.61 and its 200-day simple moving average is GBX 185.93.

Direct Line Insurance Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 17th. Investors of record on Thursday, April 4th were paid a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, April 4th. Direct Line Insurance Group’s payout ratio is currently 5,000.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DLG shares. Barclays raised Direct Line Insurance Group to an “equal weight” rating and raised their price target for the stock from GBX 188 ($2.39) to GBX 219 ($2.78) in a report on Thursday, February 29th. Berenberg Bank boosted their price objective on shares of Direct Line Insurance Group from GBX 195 ($2.48) to GBX 220 ($2.80) and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 212.50 ($2.70).

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.