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DLG Direct Line Insurance Group Plc

197.25
1.55 (0.79%)
Last Updated: 08:19:39
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Direct Line Insurance Group Plc LSE:DLG London Ordinary Share GB00BY9D0Y18 ORD 10 10/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.55 0.79% 197.25 196.75 197.70 197.85 196.70 196.70 92,793 08:19:39
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 3.17B -39.5M -0.0301 -65.53 2.59B
Direct Line Insurance Group Plc is listed in the Fire, Marine, Casualty Ins sector of the London Stock Exchange with ticker DLG. The last closing price for Direct Line Insurance was 195.70p. Over the last year, Direct Line Insurance shares have traded in a share price range of 132.15p to 240.10p.

Direct Line Insurance currently has 1,311,388,157 shares in issue. The market capitalisation of Direct Line Insurance is £2.59 billion. Direct Line Insurance has a price to earnings ratio (PE ratio) of -65.53.

Direct Line Insurance Share Discussion Threads

Showing 1376 to 1399 of 5575 messages
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DateSubjectAuthorDiscuss
25/9/2014
07:23
3% up so far this morning. This share is certainly going against overall market conditions.
clarkrob
25/9/2014
06:59
Sale of International operations and return of capital

25 September 2014

Direct Line Insurance Group plc ("Direct Line Group" or the "Group") announces that it has reached a binding agreement with Mapfre, S.A. ("Mapfre") for the sale of the Group's International division, which comprises its Italian and German operations. The sale concludes the strategic review initiated earlier in 2014.

Total cash sale proceeds of EUR550.0 million (GBP430.5(1) million) represent 1.9 times 2013 net asset value(2) and 36.9 times 2013 normalised earnings(3) . The Group is expecting to recognise a pre-tax gain on disposal of approximately GBP160 million. The sale agreement includes certain transitional arrangements including a licence to use the Direct Line brand in Italy and Germany for three years. The transaction is conditional on the approvals of relevant regulatory authorities which are expected to take approximately three to four months.


So about 10p per share.

shauney2
04/9/2014
07:56
Reasons why to BUY and HOLD Direct Line (DLG), - See more at:
tiptv1
03/9/2014
17:42
Headlines on main advfn page
bill hunt
03/9/2014
17:03
Has direct line been promoted to the FTSE 100. Where can you confirm which companies have been promoted. Does anyone know?
morti1
01/9/2014
12:45
..... or 43p since 28th Feb 2013.

Not a bad return for the 175p IPO, doubled money in under 2 years.

eaaxs06
30/8/2014
13:27
From todays Daily Mail market report.

With promotion to blue chip status expected to be confirmed next week, Churchill insurance firm Direct Line got an additional lift from a broker upgrade on expectations that shareholders will continue to be rewarded by special dividends.

Nomura upped its rating for Direct Line to buy from neutral in a sector review, naming it as its preferred stock to gain exposure to the special dividends currently being offered by UK non-life insurers.

The broker said it also expects Direct Line’s exposure to an upturn in UK motor insurance premium rates to be a catalyst to potential further outperformance by the stock, albeit with the shares having already booked the strongest performance among UK insurers in the year to date.

In terms of sector valuation, Nomura said non-life peer RSA Insurance screens relatively better, however its preference is with Direct Line owing to its exposure to UK motor rates.

The broker pointed that while blue-chip Admiral is the most exposed insurer to a potential turn in UK motor rates, it believes that in the near term, a lower reserve release and investment in its US operations will be a headwind to its earnings.


Nomura downgraded its rating for Admiral to neutral, and its shares declined 4p to 1335p. Direct Line shares were up 9.7p to 298.9p helping fuel expectations that the insurer, which was spun out of Royal Bank of Scotland in October 2012, is on course to win its place in the FTSE 100 when the latest quarterly index reshuffle takes place on September 3.


Direct Line could enter the blue chip index at the expense of either drink can manufacturer Rexam, up 1p to 507p, or housebuilder Barratt Developments, down 1.5p to 369.9p.

------------
DLG have declared total of 35p in dividends since FEB 2013.

shauney2
29/8/2014
13:52
Good spot, shauney, an upgrade from 242p to 344p.

Upgrades/downgrades move shares far more that re-iterations.

eaaxs06
29/8/2014
13:47
Don't know what took them so long.

Nomura have upgraded with a target price of 344p

shauney2
29/8/2014
09:29
This baby is flying. Happiest of days.Hopefully one day it'll take on the market cap might of AV. DLG has all the ammunition at its disposal to be a UKX safe haven for many many many years.Today the day is a good day to be in the day today...
nicksoj
29/8/2014
08:27
It certainly hasn't taken long to recover from yesterdays' profit taking.

I'm guessing a few fund managers are thinking ahead, so hopefully the share price will be healthy next week as well.

eaaxs06
22/8/2014
21:53
I agree with that eaax we have been above the auto entry position for some time now.
bigmike100
22/8/2014
09:36
I'm not sure why any broker covering the stock would issue a target significantly below the current price, then issue a 'hold' recommendation?

As for the FTSE100, any share placed 90th or below gets automatic entry into the index.

DLG is currently 83rd in the list, so it's looking good so far.

eaaxs06
15/8/2014
14:14
Berenberg today raises target price for Direct Line Group from 254p to 261p retaining a hold recommendation.
nigelmoat
13/8/2014
12:18
It just goes to show the massive potential DLG has. A future destined for ftse 100 investors. An share price holding well above todays xdiv expectation.The phoenix rises from its shackled slumber...The ftse 100 constituents to be decided on Wednesday, 3rd September. It seems DLG don't need to hold onto the dividend to achieve UKX status.Let the Phoenix fly!
nicksoj
13/8/2014
08:00
cheers I should have known that
bigmike100
12/8/2014
18:00
It's xd day for the interim of 4.4p and the special dividend of 10p.

Pay day for the whole 14.4p is 12th September.

eaaxs06
12/8/2014
17:58
XD for 14.4p tomorrow.
eeza
12/8/2014
17:11
eaaxs have I missed something big why do you think it will open around 280?
bigmike100
12/8/2014
12:09
Let's hope so, Bigmike, it would certainly encourage a few income-seeking fund managers to buy in.

However, it might look a bit different tomorrow, when it opens around the 280p level?

eaaxs06
10/8/2014
20:02
By my calculations we are still above the auto entry position for the next ftse 100 reshuffle.
bigmike100
07/8/2014
18:02
I would imagine profit takers after a few days of increases. Hold on - with ftse100 listing imminent it's worth keeping for now
mrhbeats
06/8/2014
10:01
Dropping quite sharply this morning (nearly 2%).

Just geo-political tensions or news?

clarkrob
01/8/2014
08:07
So far, thr DLG share price performance correlates well with Admiral group and its rise through the noughties.More efficiencies and innovations on the way for DLG...DLG surely UKX in September. Happy days!
nicksoj
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