Direct Line Insurance Group Insider Purchases Stock

On October 28th, Adam Winslow, an insider at Direct Line Insurance Group plc (LON:DLG - Get Free Report), bought 89 shares of the company’s stock. Each share was purchased at an average price of GBX 169 (approximately $2.19), leading to a total investment of £150.41 (about $195.06).

Winslow recently conducted another transaction on September 27th, when he acquired 81 shares at a higher average price of GBX 186 ($2.41) per share, resulting in a total expenditure of £150.66 (around $195.38).

Direct Line Insurance Group Stock Performance

During midday trading on the following Tuesday, Direct Line's stock price decreased by GBX 2.40 ($0.03), settling at GBX 166.10 ($2.15). The trading volume reached 16,202,745 shares, significantly surpassing the average volume of 5,275,106 shares. Financial ratios showed that the company has a current ratio of 0.57, a quick ratio of 0.28, and a substantial debt-to-equity ratio of 20.04. Over the past year, the share price has fluctuated between a low of GBX 149.50 ($1.94) and a high of GBX 240.10 ($3.11). The 50-day and 200-day simple moving averages stand at GBX 181.99 and GBX 189.79, respectively. Direct Line Insurance Group has a market cap of £2.16 billion, a markedly high price-to-earnings (P/E) ratio of 722.17, a price-to-earnings-growth (PEG) ratio of 2.42, and a beta of 0.42.

Dividend Announcement

Recently, Direct Line Insurance Group declared a dividend, which was paid on October 11th. Shareholders of record as of September 12th received a dividend of GBX 2 ($0.03) per share. The ex-dividend date was also September 12th, marking a yield of 1.04%. The company's dividend payout ratio is currently extraordinarily high at 2,608.70%.

Analyst Opinions

Several financial analysts have recently provided insights on Direct Line Insurance Group. Berenberg Bank adjusted their price target from GBX 220 ($2.85) to GBX 215 ($2.79), maintaining a "hold" rating on the stock. Meanwhile, Deutsche Bank reiterated a "buy" rating, setting a higher price target of GBX 240 ($3.11) on September 5th. In total, three analysts have issued hold ratings, while two have given buy ratings. MarketBeat reports a consensus rating of "Hold" with a consensus price target of GBX 217.25 ($2.82).

Company Overview

Direct Line Insurance Group plc specializes in providing a wide array of general insurance products and services across the United Kingdom. The company's operations are divided into several segments, including Motor, Home, Rescue and Other Personal Lines, and Commercial. The firm offers various insurance products that cover motor vehicles, homes, vans, landlords, rescues, pets, tradespeople, businesses, creditors, and travel, along with small to medium-sized enterprise commercial insurance options.

DirectLine, Stocks, Investment