Direct Line Insurance Group (LON:DLG) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Direct Line Insurance Group (LON:DLGGet Rating) to a hold rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has GBX 300 ($3.70) price target on the stock, down from their previous price target of GBX 335 ($4.13).

Several other research analysts also recently weighed in on DLG. Morgan Stanley reiterated an equal weight rating and issued a GBX 330 ($4.07) price target on shares of Direct Line Insurance Group in a research report on Tuesday, April 5th. Barclays reiterated an equal weight rating and issued a GBX 323 ($3.98) price target on shares of Direct Line Insurance Group in a research report on Wednesday, May 4th. JPMorgan Chase & Co. decreased their price objective on shares of Direct Line Insurance Group from GBX 370 ($4.56) to GBX 315 ($3.88) and set an overweight rating on the stock in a research report on Thursday, May 5th. Berenberg Bank restated a hold rating and set a GBX 306 ($3.77) price objective on shares of Direct Line Insurance Group in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 360 ($4.44) price objective on shares of Direct Line Insurance Group in a research report on Friday, April 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of GBX 324.89 ($4.01).

DLG opened at GBX 246.50 ($3.04) on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt-to-equity ratio of 22.69. Direct Line Insurance Group has a 1-year low of GBX 231.10 ($2.85) and a 1-year high of GBX 319.40 ($3.94). The company has a market capitalization of £3.26 billion and a PE ratio of 10.23. The firm’s 50 day simple moving average is GBX 262.28 and its two-hundred day simple moving average is GBX 278.21.

The business also recently declared a dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Thursday, April 7th will be issued a GBX 15.10 ($0.19) dividend. This is an increase from Direct Line Insurance Group’s previous dividend of $7.60. This represents a yield of 5.78%. The ex-dividend date is Thursday, April 7th. Direct Line Insurance Group’s payout ratio is currently 0.93%.

In other Direct Line Insurance Group news, insider Neil Manser sold 27,340 shares of Direct Line Insurance Group stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of GBX 274 ($3.38), for a total value of £74,911.60 ($92,358.03).

About Direct Line Insurance Group (Get Rating)

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

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