Direct Line Insurance Group PLC (DLG) Insider John Reizenstein Purchases 41 Shares
Direct Line Insurance Group PLC (LON:DLG) insider John Reizenstein purchased 41 shares of the stock in a transaction dated Tuesday, September 27th. The shares were acquired at an average cost of GBX 368 ($4.80) per share, for a total transaction of £150.88 ($196.95).
Direct Line Insurance Group PLC (LON:DLG) opened at 364.1146 on Monday. The firm has a 50-day moving average price of GBX 372.66 and a 200 day moving average price of GBX 364.65. The company’s market capitalization is GBX 4.98 billion. Direct Line Insurance Group PLC has a 1-year low of GBX 323.00 and a 1-year high of GBX 418.90.
The firm also recently declared a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 11th were issued a GBX 14.90 ($0.19) dividend. This represents a yield of 3.73%. The ex-dividend date of this dividend was Thursday, August 11th.
A number of brokerages have recently issued reports on DLG. Barclays PLC lowered their price target on Direct Line Insurance Group PLC from GBX 364 ($4.75) to GBX 360 ($4.70) and set an “equal weight” rating on the stock in a report on Thursday, July 21st. Berenberg Bank raised Direct Line Insurance Group PLC to a “buy” rating and set a GBX 414 ($5.40) price target on the stock in a report on Thursday, June 9th. Beaufort Securities reaffirmed a “hold” rating on shares of Direct Line Insurance Group PLC in a report on Wednesday, August 3rd. HSBC lowered their price target on Direct Line Insurance Group PLC from GBX 350 ($4.57) to GBX 328 ($4.28) and set a “reduce” rating on the stock in a report on Wednesday, June 29th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 370 ($4.83) price objective on shares of Direct Line Insurance Group PLC in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($5.10).
Direct Line Insurance Group PLC Company Profile
Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Company, and the receipt and payment of dividends. Its operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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