Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Acquires 726 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman bought 726 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was purchased at an average cost of GBX 226 ($3.02) per share, with a total value of £1,640.76 ($2,194.70).

Legal & General Group Trading Down 0.5 %

LON:LGEN opened at GBX 224.30 ($3.00) on Thursday. Legal & General Group Plc has a 1 year low of GBX 203.10 ($2.72) and a 1 year high of GBX 259 ($3.46). The stock has a market cap of £13.10 billion, a P/E ratio of 4,486.00, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. The stock has a 50-day simple moving average of GBX 225.73 and a 200-day simple moving average of GBX 236.69.

Legal & General Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 22nd were paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 2.77%. The ex-dividend date was Thursday, August 22nd. Legal & General Group’s payout ratio is 42,000.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LGEN. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 245 ($3.28) target price on shares of Legal & General Group in a research note on Thursday, August 15th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 285 ($3.81) target price on shares of Legal & General Group in a report on Wednesday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 255 ($3.41) price target on shares of Legal & General Group in a research report on Thursday, June 13th. Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.87) price objective on shares of Legal & General Group in a research report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Legal & General Group from GBX 300 ($4.01) to GBX 275 ($3.68) and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 279 ($3.73).

About Legal & General Group

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.