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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.60 | -0.25% | 242.40 | 5,910,968 | 16:35:01 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 241.20 | 241.60 | 242.80 | 240.00 | 240.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fire, Marine, Casualty Ins | 2.86B | 222.9M | 0.1700 | 14.19 | 3.19B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:02 | O | 1 | 240.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/12/2024 | 17:00 | UK RNS | Direct Line Insurance Group PLC Holding(s) in Company |
| 19/12/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Direct Line Insurance Group Plc |
| 19/12/2024 | 15:10 | UK RNS | Kryger Capital Limited Form 8.3 - Direct Line Insurance Group |
| 19/12/2024 | 14:26 | UK RNS | Legal & General Inv Mgmt (Holdings) Form 8.3 - Direct Line Insurance Group.. |
| 19/12/2024 | 14:21 | UK RNS | AQR Capital Management, LLC Form 8.3 - Direct Line Insurance Group plc |
| 19/12/2024 | 14:20 | UK RNS | State Street Global Advisors Form 8.3 - Aviva plc |
| 19/12/2024 | 14:19 | UK RNS | State Street Global Advisors Form 8.3 - Direct Line Insurance Group plc |
| 19/12/2024 | 14:11 | UK RNS | FIL Limited Form 8.3 - DIRECT LINE INSURANCE GRUP PLC |
| 19/12/2024 | 14:10 | UK RNS | FIL Limited Form 8.3 - AVIVA PLC |
| 19/12/2024 | 13:11 | UK RNS | Barclays PLC Form 8.3 -DIRECT LINE INSURANCE GROUP PLC |
Direct Line Insurance (DLG) Share Charts1 Year Direct Line Insurance Chart |
|
1 Month Direct Line Insurance Chart |
Intraday Direct Line Insurance Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/12/2024 | 00:04 | DLG Moderated Thread | 2,055 |
| 07/12/2024 | 23:56 | Direct Line...... | 2,791 |
| 05/12/2019 | 07:14 | Ideas Anyone? | 1 |
| 01/8/2018 | 00:53 | Direct Line (DLG) One to Watch on Wednesday | - |
| 09/11/2016 | 12:51 | *** Direct Line *** | 218 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-19 17:46:53 | 240.80 | 1 | 2.41 | O |
| 2024-12-19 17:46:44 | 240.80 | 7 | 16.86 | O |
| 2024-12-19 17:46:43 | 241.80 | 1 | 2.42 | O |
| 2024-12-19 17:46:43 | 241.80 | 2 | 4.84 | O |
| 2024-12-19 17:46:38 | 240.80 | 2 | 4.82 | O |
| Top Posts |
|---|
Posted at 19/12/2024 08:20 by Direct Line Insurance Daily Update 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 243p.Direct Line Insurance currently has 1,311,388,157 shares in issue. The market capitalisation of Direct Line Insurance is £3,163,068,235. Direct Line Insurance has a price to earnings ratio (PE ratio) of 14.19. This morning DLG shares opened at 240.20p |
Posted at 18/12/2024 15:39 by stevensupertrader Absolutely agreed . DLG share price starts the upwards ascend, just about 48 hours max before the good news and then is too late to add more |
Posted at 07/12/2024 08:31 by stevensupertrader AV takeover of DLG will definitely pass CMA - Only a few days ago , CMA approved Vodaphone and Three merger and both these companies had 61% coverage of the mobile network. This deal to me is 99% sealed and done . imo .Any fall in the DLG share price before the Aviva’s confirmation next week , is a golden opportunity to add. |
Posted at 06/12/2024 13:00 by stevensupertrader The actual cash portion of £1.347 represents about 48% ( or about half ) of the AV offer value . This is an extremely good deal - only 10 days ago - DLG share price was £1.52 . I have bought earlier 35000 shares at £2.522 and hope to make a killing as opportunity never come oftenI sold earlier last week after the 1st offer at £2.282 and now even 24p more than I sold I think is an opportunity not to be missed . 😃 |
Posted at 06/12/2024 07:08 by bountyhunter Yes I'll be very happy with 275p equivalent per share. We should see the price at the open approach that level with a small risk premium so probably just a few pence under 275p 🙂275 pence per Direct Line share to be delivered as: o 129.7 pence per Direct Line share in cash, funded through Aviva's internally available cash resources; o 0.2867 new Aviva shares per Direct Line share; and o dividend payments of up to 5 pence per Direct Line share in aggregate (the "Permitted Dividend"), to be paid (subject to the approval of the Board of Direct Line) prior to completion. This represents a premium of: o 73.3% to the closing Direct Line share price on 27 November 2024 (being the last closing share price before the offer period commenced); and o 49.7% to the six month volume-weighted average Direct Line share price to 27 November 2024. |
Posted at 02/12/2024 13:33 by stevensupertrader AV CEO is testing the water as last week , she has sounded to DLG major shareholders of her intention but today after the weekend DLG Share Price drops back and this indicates the sounding was not 💡 so she needs either to shut up and walk away or up the offer to sway the DLG shareholders that she meant business . There is a saying STRIKE WHILE THE IRON IS HOT !! |
Posted at 01/12/2024 15:47 by jrphoenixw2 ' Why Direct Line Should Accept Aviva’s OfferDirect Line stock is up 46% this week on news of an Aviva bid, placing it above Morningstar analysts’ fair value estimate for the company. 29-Nov. Following Direct Line’s DLG rejection of a bid from Aviva AV., we’ve taken a closer look at the firm, its management, and strategy. Aviva’s proposal comprises £1.12 per share in cash and 0.282 new Aviva shares. We would be in favor of management taking the offer or a higher one, if one is offered. Based on the £4.88 closing price of Aviva on Nov. 18, Aviva’s offer values Direct Line at £2.50 per share. After new share issuance, Direct Line’s shareholders would more likely receive £2.35 per share. Aviva has until 5pm. on Dec. 25 to announce a firm intention. With the announcement, Direct Line’s share price has risen to £2.20 per share, above our £2.15 fair value estimate. The firm has not delivered persistent growth in its core divisions over the last 10 years. The 2026 normalized net insurance margin target of 13% looks challenging. The £100 million gross cost run-rate savings target from an addressable expense base of £849 million will help, but will not be enough. Direct Line has shifted its strategy to fully adopt price-comparison website distribution in search of profitable growth and pricing discipline. Direct Line is a no-moat business with a high uncertainty and poor capital allocation because of continued investments in technology, which have not resulted in a tangible business development that occurred for other firms. We maintain our £215 fair value estimate. Direct Line is exiting OEM affinity motor insurance partnerships and reviewing its pet, travel, and other personal lines. With the announced sale of its commercial insurance broking business in 2023, the firm is set to focus on motor insurance, home insurance, rescue, and direct commercial. Direct Line suspended its final dividend for 2023 earnings after it had not accurately reflected rising repair and replacement costs in its pricing. The business is now able to restart paying regular dividends with about a 60% payout and additional capital returns above a new 180% solvency. Key Morningstar Metrics For Direct Line Group DLG • Economic Moat: None • Morningstar Rating: 3 stars • Fair Value Estimate: £2.15 • Morningstar Uncertainty Rating: High • Sector: Financial Services |
Posted at 29/11/2024 14:58 by stevensupertrader Wba1 - don’t get carried away , the rug will soon be pull underneath from you and leave investors hanging in mid air .This sudden 70% increase of DLG Share Price before the announcement of Aviva takeover offer from £1.587 to £2.32 to me is based on the on one word ‘HOPE ‘ that Aviva would increase the offer . Already at the current price of £2.32 ( Ie all cash ) is better than the part cash and part share byAviva offer in my view . |
Posted at 29/11/2024 10:05 by stevensupertrader Pal. : Aviva clearly states - it is targeting and convincing investors rather than DLG Board that the offer is decent and good, so DLG won’t go up unless a firmer second offer is on the card.Now Aviva Board is pushing t its own share price up to sweeten this deal rather than DLG share price - in fact Aviva wants DLG share price to drop rather to go up, imo |
Posted at 29/11/2024 07:43 by speedsgh Comment from the Guardian...The market is not sentimental. Direct Line’s days of independence look numbered - Prepare for the dance. Aviva is a big grown-up FTSE 100 insurer with a respected chief executive who doesn’t launch takeover offers on a whim; Amanda Blanc will have a strategy to go the distance. Direct Line, on the other hand, is a troubled FTSE 250 insurer with a new-ish chief executive, Adam Winslow, whose turnaround plan has not been applauded wildly by the stock market. Aviva’s 250p-a-share, or £3.3bn, offer for Direct Line therefore looks to be the opening shot in a negotiation. The target’s board spouted the standard form of words – “highly opportunistic” and a “substantial&r Direct Line’s robust rejection of 250p was still justified. Since the group said no as recently as February to a 233p offer from the Belgian insurer Ageas, any other response would have been odd. But a fellow UK insurer such as Aviva is clearly a more formidable predator when, as with Ageas, the offer comes in a mix of cash and shares, and the bidder’s promise of “material&rdqu Aviva’s timing also looks sound. Winslow, an ex-Aviva executive as it happens, had to be given a chance to pitch his self-help plan, which he did in the summer. But, if the share price is still stuck in the 150p-180p range – having been 300p-ish before the profit warnings of 2022 and 2023 – the market is saying it expects any recovery to be a long haul. In those circumstances, the accusation of opportunism carries no sting. Viewed the other way around, Direct Line’s shareholders are being offered the opportunity to take tomorrow’s value today. A near-60% takeover premium (before any improvement in terms) ain’t bad in an insurance market where recovery takes time because you cannot rewrite the premiums on the policies overnight. One open question is whether the Competition and Markets Authority will have a look. Possibly. In home insurance, the combo could emerge as the biggest player; in motor, market shares move around, but this may be a case of the third- and fourth-largest operators getting together. But does that amount to a meaningful reduction in competitive forces? Possibly not. Direct Line’s share price surged 41% to 224p, suggesting the market is confident there’s more bidding action to come. Aviva’s fell 2%, sufficiently small to encourage Blanc to think she hasn’t frightened her own shareholders and can afford to add a few pennies to get the deal done. Nobody is sentimental about insurers, even those such as Direct Line that were pioneers in their day. Prediction: it will all be over by Christmas. |
Posted at 28/11/2024 17:57 by sellhighandbuylow The DLG share price now, is only back to where it was in Jan 2023.The problem is, if the "bid premium" evaporates then the DLG share price is heading South again. |
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