Direct Line Insurance Group (LON:DLG) Hits New 12-Month Low at $292.80

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Direct Line Insurance Group PLC (LON:DLG)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 292.80 ($3.83) and last traded at GBX 292.90 ($3.83), with a volume of 224850 shares traded. The stock had previously closed at GBX 292.60 ($3.82).

A number of brokerages recently commented on DLG. JPMorgan Chase & Co. dropped their price target on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating on the stock in a report on Monday, July 8th. Numis Securities lowered Direct Line Insurance Group to a “reduce” rating in a report on Thursday, May 9th. Peel Hunt reiterated an “add” rating and set a GBX 350 ($4.57) price target (up from GBX 345 ($4.51)) on shares of Direct Line Insurance Group in a report on Monday, July 29th. UBS Group reiterated a “buy” rating on shares of Direct Line Insurance Group in a report on Monday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Direct Line Insurance Group in a report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Direct Line Insurance Group has a consensus rating of “Hold” and an average price target of GBX 356.91 ($4.66).

The stock has a fifty day simple moving average of GBX 325. The firm has a market cap of $4.06 billion and a price-to-earnings ratio of 9.47. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.55 and a quick ratio of 0.34.

The firm also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 8th will be issued a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 2.27%. Direct Line Insurance Group’s dividend payout ratio (DPR) is currently 0.67%.

About Direct Line Insurance Group (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.

Further Reading: Why Net Income is Important to Investors

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