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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
  -0.10 -0.03% 320.60 321.10 321.50 322.30 315.50 316.80 6,583,160 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 3,202.6 509.7 29.5 10.9 4,408

Direct Line Insurance Share Discussion Threads

Showing 2476 to 2499 of 2850 messages
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DateSubjectAuthorDiscuss
13/11/2019
12:51
Yes, it doesn't look too hopefully for the update, next Wednesday. I was looking to get back in here, given that the 270p low had been challenged, but not broken. Luckily I held off.
eaaxs06
13/11/2019
12:51
smithp1 I think there are other factors at work here. They've done fine for years now without the comparison sites. Without seeing the internal costings, have to assume that not paying commission allows them to pay for their own marketing. The interesting thing is that comparison sites, voucher code sites and cashback sites all 're-routed' big volumes of sales through them quite fast in the early days. DLG did not join in. Once those sites got a decent proportion of volume, the other insurers, loans and loads of other sellers were too scared to drop them, because they'd have an immediate and probably disastrous volume drop. DLG having not signed up, were insulated from that potential drop in volume. Those comments apply to loads of retailers not just insurance.
yump
13/11/2019
12:19
Hard to see anything but bad news coming up given the timing of that TU.
smithp1
13/11/2019
12:16
Can they really take on the comparison sites indefinitely ? Reminds of the early days when Ladbrokes tried to take on the Betfair exchange the outcome was inevitable .
smithp1
13/11/2019
11:47
Maybe all the flooding is making everyone nervous about a high claim cost.Though it doesn't seem to be affecting other insurers
peteret
13/11/2019
11:20
Seems to be strong support around this level. Can't actually believe we are at these levels, to think this company paid nearly 30p dividends last year.
meek
13/11/2019
08:53
Will the algos not take this further down in the run up to the update?
essentialinvestor
13/11/2019
08:40
Clearly a lot of "ifs", "buts" and maybes about but getting slightly tempted to join the fray at this sort of level. Hmmmm.
cwa1
06/11/2019
14:05
Is there going to be a profitability reset lower for the sector with the FCA looking at pricing for customers automatically renewing?. I think that is the key question to ask. It may be on those long standing customer policies where a good deal of their underwriting profit comes..?
essentialinvestor
03/11/2019
16:45
Thanks for your insight FT
renewed1
03/11/2019
14:35
DLG's underwriting has usually appeared conservative. Rather than chase business they seem to focus more on the quality of the underlying book Their advertising campaign may need a reboot.
essentialinvestor
03/11/2019
14:28
Building on the point scrwal was alluding to and my earlier reference to the Ogden discount rate change in 2017, a massive part of insurance company results is the forward looking projections. Insurers have to calculate how many claims they are likely to incur in the next year and how much these claims will cost them (refer to as frequency and severity), and this in turn informs their pricing for the next year. The part of the price of an insurance policy that is for covering cost of claims is called the technical price, and you apply a profit margin and commission to price comparison sites or brokers on top of the technical price. Of course, as no one can predict future claims with 100% accuracy, this is where the role of the actuary and their use of mathematical modelling comes in. These models are complex and changing one variable will require the whole set of results to be run again. This is why something like the FCA pricing study, which could turn existing price models upside down, will take a long time for an insurer's own actuaries to calculate and digest.
fllegend
03/11/2019
13:40
May be a valid observation, however the delay is unhelpful in that context.
essentialinvestor
03/11/2019
12:14
There maybe some news that at first glance looks bad but when you read into it the longer term outlook is much better - if this was disclosed during the day the initial market reaction would be to reduce the price but then it recovers the rest of the day to a neutral position once everything is digested. So there may be nothing sinister and the board are doing it to avoid a big intraday price movement.
scrwal
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
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