Direct Line Insurance Group’s (DLG) Add Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Direct Line Insurance Group (LON:DLG) in a research note published on Wednesday, Digital Look reports. Peel Hunt currently has a GBX 380 ($4.97) target price on the stock.

Several other brokerages have also weighed in on DLG. Barclays increased their target price on Direct Line Insurance Group from GBX 339 ($4.43) to GBX 362 ($4.73) and gave the stock an equal weight rating in a research report on Wednesday, April 3rd. BNP Paribas lowered Direct Line Insurance Group to a neutral rating and dropped their target price for the stock from GBX 390 ($5.10) to GBX 370 ($4.83) in a research report on Thursday, March 14th. Goldman Sachs Group increased their target price on Direct Line Insurance Group from GBX 352 ($4.60) to GBX 360 ($4.70) and gave the stock a neutral rating in a research report on Thursday, March 14th. Shore Capital reaffirmed a buy rating on shares of Direct Line Insurance Group in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. dropped their target price on Direct Line Insurance Group from GBX 375 ($4.90) to GBX 360 ($4.70) and set an overweight rating on the stock in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 365.17 ($4.77).

Shares of DLG opened at GBX 313.10 ($4.09) on Wednesday. Direct Line Insurance Group has a 12-month low of GBX 300.70 ($3.93) and a 12-month high of GBX 378.60 ($4.95). The firm has a market cap of $4.27 billion and a P/E ratio of 9.46. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 11.19.

The firm also recently declared a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 4th will be issued a dividend of GBX 22.30 ($0.29) per share. This represents a dividend yield of 6.26%. This is a positive change from Direct Line Insurance Group’s previous dividend of $7.00. The ex-dividend date is Thursday, April 4th. Direct Line Insurance Group’s dividend payout ratio (DPR) is 0.63%.

In other news, insider Paul Geddes sold 155,117 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of GBX 360 ($4.70), for a total transaction of £558,421.20 ($729,676.21). Also, insider Gregor Stewart purchased 2,925 shares of the stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of GBX 340 ($4.44) per share, for a total transaction of £9,945 ($12,994.90).

About Direct Line Insurance Group

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance for small and medium-sized enterprises.

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Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

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