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 accessed at this link.
Direct Line Insurance Group PLC (DLG) traded down 0.95% during midday trading on Friday, reaching GBX 385.10. 3,421,159 shares of the company traded hands. The stock’s market capitalization is GBX 5.26 billion. Direct Line Insurance Group PLC has a 1-year low of GBX 316.30 and a 1-year high of GBX 411.30. The firm has a 50-day moving average of GBX 378.05 and a 200-day moving average of GBX 357.28.
Several research analysts recently weighed in on DLG shares. HSBC Holdings plc reiterated a “buy” rating and set a GBX 372 ($4.83) price target on shares of Direct Line Insurance Group PLC in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 370 ($4.80) price target on shares of Direct Line Insurance Group PLC in a research report on Tuesday, July 4th. Deutsche Bank AG lifted their price target on Direct Line Insurance Group PLC from GBX 375 ($4.87) to GBX 390 ($5.06) and gave the company a “buy” rating in a research report on Friday, June 23rd. J P Morgan Chase & Co boosted their price objective on Direct Line Insurance Group PLC from GBX 395 ($5.13) to GBX 415 ($5.39) and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Finally, Shore Capital restated a “sell” rating on shares of Direct Line Insurance Group PLC in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 389.08 ($5.05).
About Direct Line Insurance Group PLC
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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