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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
  3.10 1.02% 307.10 306.20 306.40 306.70 298.90 304.80 3,870,486 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 3,202.6 509.7 29.5 10.4 4,223

Direct Line Insurance Share Discussion Threads

Showing 2476 to 2498 of 2825 messages
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DateSubjectAuthorDiscuss
01/11/2019
19:57
If it were bad news would they really want a crashing share price on their capital markets day might they not do that the day before or sooner ?
smithp1
01/11/2019
15:44
Direct Line Insurance Group (LON:DLG) PT Lowered to GBX 280 Posted by ABMN Staff on Oct 31st, 2019 // No Comments Direct Line Insurance Group (LON:DLG) had its price target dropped by analysts at UBS Group from GBX 330 ($4.31) to GBX 280 ($3.66) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 1.73% from the company’s previous close. Several other analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating for the company in a research note on Monday, July 8th. Shore Capital restated a “buy” rating on shares of Direct Line Insurance Group in a research note on Monday, September 16th. Canaccord Genuity restated a “sell” rating and issued a GBX 280 ($3.66) target price on shares of Direct Line Insurance Group in a research note on Monday, August 5th. Barclays restated an “equal weight” rating on shares of Direct Line Insurance Group in a research note on Thursday, October 24th. Finally, Deutsche Bank restated a “hold” rating on shares of Direct Line Insurance Group in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 344.83 ($4.51). Get Direct Line Insurance Group alerts: Shares of DLG opened at GBX 275.25 ($3.60) on Thursday. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.55 and a quick ratio of 0.34. The stock has a 50-day moving average of GBX 290.46 and a 200-day moving average of GBX 313.77. The company has a market cap of $3.80 billion and a PE ratio of 8.82. Direct Line Insurance Group has a one year low of GBX 270.70 ($3.54) and a one year high of GBX 366.60 ($4.79). Https://www.americanbankingnews.com/2019/10/31/direct-line-insurance-group-londlg-pt-lowered-to-gbx-280.html
risa5
01/11/2019
15:01
UBS Cut their TP from 330 to 280 yesterday, just wondered if they had any comments with that recommendation?
risa5
01/11/2019
13:56
Shot in the dark here - the delay is due to Brexit not happening on the 31st and that the forward looking statement needs revising for better or worse. Maybe they have decided to take a more pessimistic view and need to revamp figures but need time to minimise things so that the market doesn't get too spooked - it could be likely that the adjustments are higher provisions which in a years time won't be needed and get reversed back. There may well be some large special dividends down the road. Short term pain for a long term gain.
scrwal
01/11/2019
13:39
Good post, points well made.
essentialinvestor
01/11/2019
09:42
Had a SLIGHT change of mind and taken a small starter piece at 370p. Given what looks like 5 year lows for the share price I'm hoping that things are not quite as bad as anticipated. I also assume that if there was a known material shortfall they'd have been obliged to 'fess up to it immediately rather than be allowed to put the TS back. Rose tinted lenses now in as you can tell ;-)
cwa1
01/11/2019
08:54
No, not to my knowledge.
essentialinvestor
01/11/2019
08:54
Does anyone know if they have a presence in the American home insurance market? ...particularly California.
renewed1
01/11/2019
08:22
The challenge may be the home insurance side with the recent regulatory news.
essentialinvestor
01/11/2019
07:51
The attractiveness of the dividend is going to be paramount to where this goes in the short term, as the top ten biggest shareholders are exclusively pension funds or asset managers. Going back to the Ogden discount rate announcement in Q1 2017 the company had to add £150m or similar of capital to their reserves, but a big portion of these were released as excess into dividends 12 months later. As I've mentioned before the company is already heavily capitalised, at 180% Solvency Capital Ratio. There is eventually going to be the time when these come out as dividends. If anyone is tetchy at the moment wait until at least that point to decrease your holdings.
fllegend
31/10/2019
22:43
I would love that to be the case sufc555 :) wllm
wllmherk
31/10/2019
20:53
Finalising takeover by Blackrock? Given how well this company is run difficult to see why the delay
sufc555
31/10/2019
17:12
If they need more time to work on projections then why not say that it's the lack of explanation that doesn't bode well and makes holders nervous. Unfortunately, I hold way too many at 330p so selling out now not an option. Might average down with the aim of getting out even. I managed to do that with PFG a year or two back, but, it's a risky strategy. wllm
wllmherk
31/10/2019
16:24
It is atrocious PR management - and that's being kind.
essentialinvestor
31/10/2019
16:13
We seem to be seeing non-existent demons in this announcement. Why not publish the RNS update the night before your capital markets day to give everyone time to read it? That way they will come prepared with sensible questions.Unless you have a reason to expect bad news from a situation that you think may have changed dramatically since the last update then there should be nothing to fear.
lord gnome
31/10/2019
15:33
Car insurance will still be needed in the years ahead, as will home. Increased automation will ultimately lead to lower motor premiums, may be in time significantly lower, however the flip side is lower payouts. Think this is at least worth watching.
essentialinvestor
31/10/2019
15:23
Yesterday's RNS was just an own goal a management explanation may improve the situation.
risa5
31/10/2019
13:30
I would rather be on the sidelines at the moment
gswredland
31/10/2019
10:31
I note FWIW UBS reduced their target price this morning:- 31 Oct UBS Neutral 274.30 330.00 280.00 Reiterates ..with 330p being the old TP and 280p the new one
cwa1
31/10/2019
10:28
I WAS looking to get back in to DLG but that announcement has given me pause for thought and is nagging away at me. Think I'll hold off for a bit, could be something or nothing but probably best to err on the side of caution for now.
cwa1
31/10/2019
03:01
Results being delayed is one matter but published after market close in 3 weeks time is another, even if there isn't any bad news on the way it may cause uncertainty and have a negative effect on the stock between now and then.
risa5
30/10/2019
23:26
Why after the market close?.
essentialinvestor
30/10/2019
22:59
If I remember correctly the full year results for 2017 was delayed by two or three weeks after the Ogden discount rate change was announced. It's likely they're recalculating a lot of projections and adding in extra explanatory notes in response to the FCA pricing study. Whether the major investors will buy the narrative or not we'll have to wait and see.
fllegend
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