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Direct Line Insurance Group plc Insider Purchase
On October 28th, Adam Winslow, an insider at Direct Line Insurance Group plc (LON:DLG), purchased 89 shares of the company. The shares were bought at an average price of GBX 169, which is equivalent to $2.19 per share. The total expenditure for this transaction amounted to £150.41, or about $195.06.
Additionally, Adam Winslow made another purchase recently on September 27th, when he acquired 81 shares at an average price of GBX 186 ($2.41) per share, totaling £150.66 ($195.38).
Direct Line Insurance Group Stock Performance
The stock experienced a decline of GBX 2.40 ($0.03) during midday trading on the following Tuesday, bringing its value to GBX 166.10 ($2.15). A total of 16,202,745 shares were traded, significantly higher than its average trading volume of 5,275,106. Direct Line Insurance Group shows a current ratio of 0.57, quick ratio of 0.28, and a debt-to-equity ratio of 20.04. Over the past year, the stock has seen a low of GBX 149.50 ($1.94) and a high of GBX 240.10 ($3.11). The 50-day simple moving average stands at GBX 181.99, while the 200-day average is at GBX 189.79. The firm's market capitalization is approximately £2.16 billion, with a price-to-earnings ratio of 722.17 and a price-to-earnings-growth ratio of 2.42.
Dividend Announcement
Recently, the company announced a dividend that was paid out on October 11th. Shareholders who were on record as of September 12th received a dividend of GBX 2 ($0.03) per share, marking a yield of 1.04%. However, the company currently faces a high dividend payout ratio of 2,608.70%.
Analyst Insights
Various brokerages have recently provided their insights on DLG. Berenberg Bank has lowered its price target from GBX 220 ($2.85) to GBX 215 ($2.79) and maintained a "hold" rating on the stock. Conversely, Deutsche Bank has reiterated a "buy" rating with a target price of GBX 240 ($3.11). Currently, three analysts rate the stock as a hold, while two recommend a buy. The consensus rating stands at "Hold" with an average target price of GBX 217.25 ($2.82).
More information about Direct Line Insurance Group can be explored in financial reports available online.
About Direct Line Insurance Group
Direct Line Insurance Group plc provides a wide range of general insurance products and services within the United Kingdom. Its offerings include insurance for motor vehicles, homes, rescue services, and other personal lines as well as commercial products catering to small and medium enterprises.