Direct Line Insurance Group
DLG: 347.40 -8.50 (▼2.39%)
| Bid Price | 347.30 | High Price | 357.40 |
|---|---|---|---|
| Ask Price | 347.40 | Low Price | 344.40 |
| Open Price | 356.40 | Spread | 0.03% |
| Prev Close | 347.40 | Volume | 5,085,956.00 |
Direct Line Insurance Group Share Price Chart
Intraday
Historic – 1 year
Direct Line Insurance Group Share Price Information
| Name | Direct Line Insurance Group | Epic | DLG |
|---|---|---|---|
| Sector | Nonlife Insurance | ISIN | GB00BY9D0Y18 |
| Activites | Direct Line Group is a retail general insurer with leading market positions in the United Kingdom, a strong presence in the direct motor channel in Italy and Germany and a focused position in UK SME commercial insurance. The Group operates under highly recognised brands such as Direct Line and Churchill and is comprised of five primary segments: motor, home, rescue and other personal lines, commercial and international. In the UK, Direct Line Group utilises a multi-brand, multi-product and multi-distribution channel business model that covers most major customer segments for personal lines general insurance. The Group also has a focused presence in the commercial market. The Group occupies leading market positions in terms of in-force policies and has the most highly recognised brands in the UK for personal motor and home insurance including Direct Line and Churchill. Other primary Direct Line Group brands include Privilege and Green Flag; NIG, a provider of insurance solutions to UK SMEs and Direct Line For Business (‘DL4B’), the Group’s direct commercial brand. The Group is also a major provider of insurance through a number of strategic partnerships. In Italy and Germany the Group operates under the Direct Line brand. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 347.40 | Net Gearing (%) | 63.91 |
|---|---|---|---|
| Market Cap (£m) | 4,918.38 | Gross Gearing (%) | 73.59 |
| Shares in issue (m) | 1,375.00 | Debt Ratio | 73.59 |
| P/E Ratio | 8.81 | Debt-to-Equity Ratio | 1.00 |
| Divs per share (p) | 13.80 | Assets / Equity Ratio | 3.79 |
| Dividend Yield (%) | 0.00 | Price to book value | 1.87 |
| Dividend Cover | 1.54 | SROCE (%) | 5.10 |
| Earning per share (p) | 40.60 | EPS Growth (%) | 63.05 |
| 52-week high / low (p) | 418.90 / 326.60 | DPS Growth (%) | 4.55 |
Direct Line Insurance Group Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 12 Dec | Barclays Capital | Equal weight | 347.40 | 357.00 | 337.00 | Reiterates |
| 05 Dec | Peel Hunt | Hold | 347.40 | 370.00 | 370.00 | Reiterates |
| 30 Nov | Macquarie | Neutral | 347.40 | 345.00 | 345.00 | Reiterates |
| 21 Nov | Barclays Capital | Equal weight | 347.40 | 366.00 | 357.00 | Reiterates |
| 18 Nov | HSBC | Reduce | 347.40 | Reiterates |
Direct Line Insurance Group Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 29 Nov 2016 | John Reizenstein | Buy | 42 @ 355.65p | £149.37 |
| 31 Oct 2016 | John Reizenstein | Buy | 43 @ 346.95p | £149.19 |
| 01 Sep 2016 | John Reizenstein | Buy | 41 @ 364.00p | £149.24 |
| 01 Sep 2016 | Paul Geddes | Sale Post-Exercise | 458765 @ 364.00p | £1,669,904.60 |
| 01 Sep 2016 | Paul Geddes | Exercise | 962948 @ 0.00p | £0.00 |
| 01 Aug 2016 | John Reizenstein | Buy | 43 @ 347.40p | £149.38 |
| 30 Jun 2016 | John Reizenstein | Buy | 43 @ 344.00p | £147.92 |
Direct Line Insurance Group Company News
Broker Forecast – Barclays Capital issues a broker note on Direct Line Insurance Group PLC
Barclays Capital today reaffirms its equal weight investment rating on Direct Line Insurance Group PLC (LON:DLG) and cut its price target to 337p (from 357p).
Story provided by StockMarketWire.com
Director Deals – Direct Line Insurance Group PLC (DLG)
John Reizenstein, Financial Director, bought 42 shares in the company on the 28th November 2016 at a price of 355.65p. The Director now holds 190,168 shares.
NOTE: Awarded 21 matching shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
Broker Forecast – Barclays Capital issues a broker note on Direct Line Insurance Group PLC
Barclays Capital today reaffirms its equal weight investment rating on Direct Line Insurance Group PLC (LON:DLG) and cut its price target to 357p (from 366p).
Story provided by StockMarketWire.com
Broker Forecast – Macquarie issues a broker note on Direct Line Insurance Group PLC
Macquarie today reaffirms its neutral investment rating on Direct Line Insurance Group PLC (LON:DLG) and set its price target at 345p.
Story provided by StockMarketWire.com
Direct Line gross written premiums up
Direct Line Group says it has traded in the first nine months of the year while making progress on delivering its strategy.
Highlights:
– Motor and Home own brands in-force policies up 4.3%, with strong customer retention. Continued growth in Green Flag direct and Direct Line for Business
– Gross written premium for ongoing operations 4.2% higher, with continued growth in Motor own brands, up 9.7%
_ Investment income yield of 2.5% in line with full year guidance and no material gains or losses in the quarter
– Total costs of £669.5m up £16.1m from the first nine months of 2015, after absorbing £24m of Flood Re costs in Q2 2016. Q3 total costs 3.3% lower than Q3 2015. In line with previous guidance, full year business as usual costs expected to be no higher than in 2015. However, reported costs may be somewhat higher than in 2015, due to higher non-cash intangible asset impairments than in recent years
– Combined operating ratio for ongoing operations still expected to be towards the lower end of the 93%-95% target range, assuming normal weather
Chief executive Paul Geddes said: “I’m pleased that we have traded well this quarter with good policy and premium growth, particularly for Direct Line, showing that customers like the value, service and brand propositions we offer them. We have achieved this while maintaining our underwriting discipline and reiterate that we expect to be towards the lower end of our 93%-95% combined operating ratio target range.”
Story provided by StockMarketWire.com