Direct Line boss steps down
27th Jan 2023 07:03
(Sharecast News) - The chief executive of Direct Line Insurance Group has stepped down, just two weeks after the insurer scrapped its dividend and sent the stock plummeting.
Read moreBerenberg downgrades Direct Line to 'hold'
25th Jan 2023 12:52
(Sharecast News) - Berenberg downgraded Direct Line on Wednesday to 'hold' from 'buy' and slashed the price target to 160p from 272p, as it said investors should be prepared for no dividend per share for 2023.
Read moreDirect Line cancels dividend; cites cold snap, motor inflation
11th Jan 2023 07:27
(Sharecast News) - Direct Line shares tumbled on Wednesday after the insurer said it was axing its final dividend for 2022 as it took a hit from claims related to severe cold weather and increases in motor inflation.
Read moreBerenberg slightly lowers target price on Direct Line
9th Nov 2022 13:25
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 266.0p to 259.0p on Wednesday after the group's Q3 trading update failed to meet consensus estimates.
Read moreDirect Line premiums drop amid challenging home, motor markets
8th Nov 2022 07:09
(Sharecast News) - Direct Line reported a decline in gross written premiums on Tuesday as it pointed to a challenging market backdrop for the motor and home segments.
Read moreDirect Line hit by claims inflation as H1 profits fall
2nd Aug 2022 08:33
(Sharecast News) - Insurer Direct Line posted a 31.8% decline in first-half pre-tax profit on Tuesday as it took a hit from claims inflation.
Read moreDeutsche Bank lowers target price on Direct Line
19th Jul 2022 11:20
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on insurance group Direct Line from 290.0p to 240.0p following the company's trading update.
Read moreJefferies downgrades Admiral, Direct Line after Sabre warning
18th Jul 2022 08:47
(Sharecast News) - Jefferies downgraded insurers Admiral and Direct Line on Monday after a profit warning from Sabre Insurance last week.
Read moreDirect Line lowers profit outlook after spike in motor claims inflation
18th Jul 2022 07:03
(Sharecast News) - UK insurer Direct Line lowered its full-year profits outlook after a spike in motor claims inflation and market volatility.
Read moreJPMorgan downgrades Admiral, Direct Line after Sabre profit warning
15th Jul 2022 14:42
(Sharecast News) - JPMorgan Cazenove downgraded its stance on insurers Direct Line and Admiral on Friday after both suffered heavy losses a day earlier on the back of a profit warning from Sabre Insurance.
Read moreBerenberg upgrades Direct Line to 'buy'
15th Jul 2022 08:46
(Sharecast News) - Analysts at Berenberg upgraded insurance provider Direct Line from 'hold' to 'buy' on Friday, stating the stock was now "too cheap to ignore".
Read moreDeutsche Bank cuts Direct Line to 'hold'
10th May 2022 07:45
(Sharecast News) - Deutsche Bank downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut the price target to 300p from 335p.
Read moreDirect Line Q1 premiums fall due to new FCA rules
4th May 2022 07:48
(Sharecast News) - Insurance company Direct Line reported lower gross premiums for the first quarter as new rules on pricing practices impacted results.
Read moreDirect Line unveils £100m buyback and ups dividend
8th Mar 2022 07:49
(Sharecast News) - Direct Line announced a £100m share buyback and increased its final dividend as the insurance group posted an increase in annual operating profit.
Read moreBerenberg upgrades Admiral, downgrades Direct Line
15th Nov 2021 10:07
(Sharecast News) - Analysts at Berenberg changed up their positions on Direct Line and Admiral Group on Monday after taking a fresh look at both insurers.
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