Direct Line Insurance Group (LON:DLG) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Direct Line Insurance Group plc (LON:DLG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 234.49 ($3.10) and traded as high as GBX 274.20 ($3.63). Direct Line Insurance Group shares last traded at GBX 274.20 ($3.63), with a volume of 10,676,962 shares changing hands.

Direct Line Insurance Group Price Performance

The company has a debt-to-equity ratio of 10.83, a current ratio of 19.57 and a quick ratio of 0.28. The company’s 50 day simple moving average is GBX 272.82 and its 200 day simple moving average is GBX 234.49. The stock has a market cap of £3.56 billion, a P/E ratio of 14.49, a P/E/G ratio of 2.42 and a beta of 0.42.

Direct Line Insurance Group (LON:DLG) last released its quarterly earnings results on Wednesday, March 5th. The company reported GBX 11.20 ($0.15) EPS for the quarter. Direct Line Insurance Group had a return on equity of 12.96% and a net margin of 8.18%. As a group, equities analysts forecast that Direct Line Insurance Group plc will post 21.3365735 earnings per share for the current year.

Insider Activity at Direct Line Insurance Group

In other news, insider Adam Winslow sold 387,960 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 281 ($3.72), for a total value of £1,090,167.60 ($1,442,784.01). Also, insider Jane Poole sold 19,864 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 281 ($3.72), for a total transaction of £55,817.84 ($73,872.21). In the last ninety days, insiders have purchased 164 shares of company stock valued at $44,976. 0.85% of the stock is owned by corporate insiders.

Direct Line Insurance Group Company Profile

Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises.