Direct Line Insurance Group PLC (LON:DLG) announced a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be given a dividend of GBX 6.80 ($0.09) per share on Friday, September 8th. This represents a yield of 1.67%. The ex-dividend date is Thursday, August 10th. The official announcement can be seen at this link.
Direct Line Insurance Group PLC (LON DLG) traded down 0.95% during midday trading on Friday, reaching GBX 385.10. 3,421,159 shares of the company traded hands. The firm has a 50 day moving average of GBX 378.05 and a 200-day moving average of GBX 357.28. The stock’s market capitalization is GBX 5.26 billion. Direct Line Insurance Group PLC has a 12 month low of GBX 316.30 and a 12 month high of GBX 411.30.
A number of brokerages have recently weighed in on DLG. Shore Capital restated a “sell” rating on shares of Direct Line Insurance Group PLC in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Direct Line Insurance Group PLC from GBX 360 ($4.67) to GBX 370 ($4.80) and gave the stock a “neutral” rating in a research note on Monday, May 8th. Deutsche Bank AG boosted their price objective on shares of Direct Line Insurance Group PLC from GBX 375 ($4.87) to GBX 390 ($5.06) and gave the stock a “buy” rating in a research note on Friday, June 23rd. Jefferies Group LLC restated an “overweight” rating and issued a GBX 415 ($5.39) price objective on shares of Direct Line Insurance Group PLC in a research note on Thursday, July 6th. Finally, Morgan Stanley upped their target price on shares of Direct Line Insurance Group PLC from GBX 423 ($5.49) to GBX 451 ($5.85) and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Direct Line Insurance Group PLC has a consensus rating of “Hold” and an average target price of GBX 389.08 ($5.05).
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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 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.
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