Direct Line Insurance Dividends - DLG

Direct Line Insurance Dividends - DLG

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Direct Line Insurance Group Plc DLG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.40 -0.13% 296.30 12:30:20
Open Price Low Price High Price Close Price Previous Close
297.60 294.00 297.70 296.70
more quote information »
Industry Sector

Direct Line Insurance DLG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

griffmeister: Porsche, unless I'm wrong DLG are in the 250, which is at an all there is clearly growth available in the UK. I can't understand your constant pessimism and on going Brit bashing. Honestly, if it's that bad in the UK then just leave. I do, however, totally agree with your DLG comments. The highs aren't as high as they used to be and the lows keep on getting lower. I will be off loading my shares before ex div date with a view to buying back in when/if the share price drops.
adejuk: porsche that's true of most insurers right now - esp uk i don't agree with your reading of future prospects and the divi is enticing. not that i disagree with selling pre-divi. that has been proven many times with ftse stocks. the divi rarely makes up for the fall. it depends on how old you are and why you buy in the first place.
porsche1945: Would unload these on the 12th regardless, before ex dividend day, the fall could be brutal ex dividend and these seem to be re rating lower, they have no growth, if you look at the charts it’s lower highs all the time, its going one way, I think this could well re rate to peaking before dividend each time around 290 ish, could buy in a lot lower, lock in a higher yield/or trade them but avoid any capital destruction as it moves to a lower range. All this dividend stuff, aviva, L and G etc…looking pretty sick, there is just zero growth in these businesses, the U.K. markets are pretty terminal, ftse cant hold 7000 level, market wants growth companies, and not in U.K. regardless, look at the Aim market, its been crushed, its so much more financially rewarding buying growth than chasing this dividend stuff, and a lot less risky. The performance of dividend stocks generally has been shocking. Dump it on the 12th.
rogerramjett: If its any consolation I was buying these at 315p prior to the last dividend. Now got my average down to 300p. I am not concerned one bit and just taking the dividends as they come in. Not for trading
rogerramjett: Added another 1000 of these average down to £3 now. Happy to hold and keep adding here. Also added to MNG again another 1000 and PHNX just 350. Looking long term and divis. Current price and trailing divi is 7.1% for PHNX not far short of 8% for DLG and nearly 9% for MNG. Its just nuts.
jrphoenixw2: @YF23-1. It's not every transaction, rather it's the daily volume of buy-back made by DLG's bankers, of DLG shares, under a declared corporate buy-back programme.
wba1: wolansm; my view is based on 40 years in insurance rather than market theory. The problem with DLG is that it will be more affected by price walking rules than any other UK insurer. They will need to find new ways to attract new business when the new rules kick in as they cannot loss lead. This means that a shrinking retail book in the run up to the rules is a real problem as restarting growth in their core retail book will be very difficult. The underlying question is whether they should be willing to take short term lower margins to maintain or grow the book into those rules, and then manage the book for retention more than new business. Not an easy question. And what growth they have reported throws up too many questions. If they see Darwin as a driver of profitable growth they are in for an awful shock. If you said these issues affect all insurers you would be right, but the difference is the degree of reliance of DLG on affected UK retail business. Others like Allianz, Aviva, Zurich etc have only a small part of their books in that area. But I do not see DLG as a significant downside risk as, if they do not make progress they will be taken out. The current market cap would make them an easy snack for the big players.
father jack1: Have to agree with everything wba1 has said. Zero growth means this share will remain resolutely range bound, probably in a narrow 270-330 range. You can make a solid and safe return twice a year by trading around the dividend payments or just buy now and reap the very healthy dividend yield. One thing for certain, the only way this will ever hit 400p again is with a takeover attached.
wba1: There are 2 reasons to hold rather than trade DLG. Either to tuck away for income (a decent divi is very safe going forward, even if core performance declines, due to the large surplus claims reserves they have tucked away for future release) or in the expectation of possible takeover. Putting these to one side there are better long term plays as DLG is a very focused UK retail insurance play in a sector under regulatory attack. I prefer to trade this share but can understand those who hold it - both approaches should deliver a return. I would just caution that DLG is not an exemplar in the insurance business (too focused, regulatory pressure, pricing tech easy to replicate except dataset). But the wider insurance sector remains significantly undervalued and DLG may ride up with it.
wba1: Porsche1945; I don't disagree with your sentiment but my comment about possible acquisition was (1) entirely speculative with no specific knowledge and (2) driven by the wider behaviour of the large players globally. Allianz, Generali, Zurich, Chubb are all currently active in major takeovers and there has also been PE activity. This is more than I have seen for many years. DLG is not my favourite insurer, but it does have a strong brand and a core expertise which could be used more widely by a global insurer with limited direct skills (for which read all of the previously named). Add in that the price would not be excessive and that, say, £6 billion is no issue for those named or PE, and the possibility (no more than that) of DLG coming into play exists. Of course, if the potential bidders get tied up with other big takeovers (such as the current Hartford auction) they may not want to look elsewhere. I tend to be less concerned about the likes of Lemonade. I wrote a big retail p&c book in the UK and worked with the US subsidiaries (Hartford and Firemans Fund)of both of my last 2 companies. The big difference between the US and UK is that pricing in the UK is much more complex (ignoring the 50 separate US jurisdictions which is a big complication). The DLG dataset and understanding of UK customer online insurance behaviour gives them a big head start, even if Lemonade bring outstanding IT and marketing. I recall when Swiftcover grew in the UK. The reason they are no longer material (not sure if Axa even use the brand today) is that they lost the pricing war - made huge UW losses because they lacked data and analysis (and were run by salesmen who made Shyster and Flywheel look like saints, and sold Axa a massive pup). But it will be interesting to see how things pan out. Absent a bid I can only see DLG as range bound.
ADVFN Advertorial
Your Recent History
Direct Lin..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210730 11:45:23