Direct Line Insurance Group (LON:DLG) Shares Cross Above 200-Day Moving Average of $284.82

Direct Line Insurance Group PLC (LON:DLG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $284.82 and traded as high as $304.40. Direct Line Insurance Group shares last traded at $298.70, with a volume of 1,806,347 shares changing hands.

DLG has been the topic of a number of research reports. Peel Hunt reaffirmed an “add” rating on shares of Direct Line Insurance Group in a research note on Tuesday, July 28th. Deutsche Bank reiterated a “buy” rating and issued a GBX 350 ($4.57) price objective on shares of Direct Line Insurance Group in a report on Monday, July 13th. Berenberg Bank started coverage on shares of Direct Line Insurance Group in a report on Tuesday, June 23rd. They issued a “buy” rating and a GBX 341 ($4.46) price objective on the stock. Barclays reiterated an “overweight” rating on shares of Direct Line Insurance Group in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Direct Line Insurance Group from GBX 350 ($4.57) to GBX 340 ($4.44) and set an “overweight” rating on the stock in a report on Monday, September 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 331.64 ($4.33).

The firm has a market capitalization of $4.15 billion and a price-to-earnings ratio of 10.87. The stock’s fifty day moving average is GBX 306.17 and its two-hundred day moving average is GBX 284.63. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 23.80.

The company also recently announced a dividend, which was paid on Friday, September 4th. Investors of record on Thursday, August 13th were issued a dividend of GBX 21.80 ($0.28) per share. This represents a yield of 6.68%. This is an increase from Direct Line Insurance Group’s previous dividend of $14.40. The ex-dividend date of this dividend was Thursday, August 13th. Direct Line Insurance Group’s payout ratio is presently 53.76%.

Direct Line Insurance Group Company Profile (LON:DLG)

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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