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 of this dividend is Thursday, August 10th. The official announcement can be accessed at this link.
Direct Line Insurance Group PLC (DLG) traded down 0.95% during mid-day trading on Friday, reaching GBX 385.10. 3,421,159 shares of the company traded hands. Direct Line Insurance Group PLC has a 52-week low of GBX 316.30 and a 52-week high of GBX 411.30. The stock’s market capitalization is GBX 5.26 billion. The stock has a 50-day moving average of GBX 378.05 and a 200 day moving average of GBX 357.28.
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A number of research firms have weighed in on DLG. Credit Suisse Group increased their price target on shares of Direct Line Insurance Group PLC from GBX 410 ($5.32) to GBX 450 ($5.84) and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley increased their price target on shares of Direct Line Insurance Group PLC from GBX 423 ($5.49) to GBX 451 ($5.85) and gave the stock an “overweight” rating in a research note on Thursday. HSBC Holdings plc increased their price objective on shares of Direct Line Insurance Group PLC from GBX 372 ($4.83) to GBX 440 ($5.71) and gave the stock a “buy” rating in a research report on Thursday, August 10th. Shore Capital reissued a “sell” rating on shares of Direct Line Insurance Group PLC in a research report on Monday, August 7th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 360 ($4.67) price objective on shares of Direct Line Insurance Group PLC in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 389.08 ($5.05).
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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