Direct Line Insurance Group (DLG) Stock Rating Lowered by Deutsche Bank

Deutsche Bank lowered shares of Direct Line Insurance Group (LON:DLG) to a hold rating in a report issued on Tuesday. Deutsche Bank currently has GBX 400 ($5.53) target price on the stock, down from their previous target price of GBX 440 ($6.08).

Other research analysts have also issued research reports about the company. Peel Hunt upgraded Direct Line Insurance Group to an add rating and raised their price objective for the company from GBX 360 ($4.97) to GBX 415 ($5.73) in a report on Wednesday, February 7th. Numis Securities restated an add rating and issued a GBX 455 ($6.29) price objective on shares of Direct Line Insurance Group in a report on Thursday, February 1st. HSBC restated a buy rating and issued a GBX 440 ($6.08) price objective on shares of Direct Line Insurance Group in a report on Thursday, November 23rd. Investec restated a buy rating and issued a GBX 410 ($5.66) price objective on shares of Direct Line Insurance Group in a report on Monday. Finally, Barclays raised their price objective on Direct Line Insurance Group from GBX 358 ($4.95) to GBX 384 ($5.31) and gave the company an equal weight rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 413 ($5.71).

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Direct Line Insurance Group (DLG) opened at GBX 383.10 ($5.29) on Tuesday. The firm has a market capitalization of $5,270.00 and a price-to-earnings ratio of 1,235.81. Direct Line Insurance Group has a fifty-two week low of GBX 332.28 ($4.59) and a fifty-two week high of GBX 411.30 ($5.68).

The business also recently declared a dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, April 5th will be issued a dividend of GBX 28.60 ($0.40) per share. This represents a dividend yield of 7.55%. The ex-dividend date of this dividend is Thursday, April 5th. This is a positive change from Direct Line Insurance Group’s previous dividend of $6.80.

In related news, insider Penny James purchased 135,983 shares of Direct Line Insurance Group stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of GBX 368 ($5.08) per share, for a total transaction of £500,417.44 ($691,375.30). In the last quarter, insiders have bought 136,102 shares of company stock worth $50,086,719.

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Direct Line Insurance Group 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 Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.

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

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