Direct Line Insurance Group (LON:DLG) Hits New 12-Month High – Time to Buy?

Shares of Direct Line Insurance Group plc (LON:DLG) hit a new 52-week high on Wednesday . The company traded as high as GBX 264.60 ($3.26) and last traded at GBX 262.22 ($3.23), with a volume of 6597228 shares. The stock had previously closed at GBX 261.60 ($3.23).

Direct Line Insurance Group Stock Performance

The stock has a market capitalization of £3.48 billion, a price-to-earnings ratio of 1,163.48, a price-to-earnings-growth ratio of 2.42 and a beta of 0.42. The company has a 50 day simple moving average of GBX 222.40 and a 200-day simple moving average of GBX 197.67. The company has a quick ratio of 0.28, a current ratio of 0.57 and a debt-to-equity ratio of 20.04.

About Direct Line Insurance Group

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.