Direct Line Insurance Group (OTCMKTS:DIISY) Shares Down 3.3% – Here’s What Happened

Direct Line Insurance Group plc (OTCMKTS:DIISY)’s stock price traded down 3.3% during trading on Wednesday . The stock traded as low as $7.66 and last traded at $7.75. 779 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,488 shares. The stock had previously closed at $8.01.

Direct Line Insurance Group Stock Down 3.3 %

The company has a 50 day moving average of $9.17 and a 200-day moving average of $9.69.

Direct Line Insurance Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, September 16th were issued a $0.0892 dividend. The ex-dividend date of this dividend was Monday, September 16th. Direct Line Insurance Group’s payout ratio is 54.14%.

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.