Direct Line Insurance Group (LON:DLG) Stock Price Passes Below Two Hundred Day Moving Average of $190.13

Direct Line Insurance Group plc (LON:DLG) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 190.13 ($2.44) and traded as low as GBX 186.60 ($2.39). Direct Line Insurance Group shares last traded at GBX 199.20 ($2.55), with a volume of 3,524,832 shares changing hands.

Analyst Ratings Changes

DLG has been the subject of a number of research reports. Berenberg Bank dropped their price objective on Direct Line Insurance Group from GBX 220 ($2.82) to GBX 215 ($2.75) and set a “hold” rating for the company in a research note on Tuesday, July 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 195 ($2.50) price target on shares of Direct Line Insurance Group in a research report on Monday, June 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 208 ($2.66).

Direct Line Insurance Group Trading Down 2.2 %

The company’s fifty day moving average is GBX 200.29 and its two-hundred day moving average is GBX 190.18. The company has a quick ratio of 0.28, a current ratio of 8.31 and a debt-to-equity ratio of 18.89. The stock has a market cap of £2.46 billion, a price-to-earnings ratio of 1,260.67, a PEG ratio of 2.22 and a beta of 0.44.

Insider Buying and Selling at Direct Line Insurance Group

In other news, insider Adam Winslow sold 454,979 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.60), for a total value of £923,607.37 ($1,183,050.30). Insiders have acquired a total of 223 shares of company stock worth $44,838 over the last ninety days. Corporate insiders own 1.93% of the company’s stock.

About Direct Line Insurance Group

Direct Line Insurance Group plc engages in the provision of 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, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises.