Legal & General Group Plc (LON:LGEN) Insider Buys £1,640.76 in Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman bought 726 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average price of GBX 226 ($3.02) per share, for a total transaction of £1,640.76 ($2,194.70).

Legal & General Group Stock Performance

LGEN stock traded down GBX 0.80 ($0.01) during trading hours on Tuesday, hitting GBX 225.50 ($3.02). 14,204,476 shares of the stock were exchanged, compared to its average volume of 17,023,875. Legal & General Group Plc has a 12 month low of GBX 203.10 ($2.72) and a 12 month high of GBX 259 ($3.46). The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The firm has a market capitalization of £13.17 billion, a P/E ratio of 4,510.00, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a 50-day simple moving average of GBX 225.83 and a two-hundred day simple moving average of GBX 236.78.

Legal & General Group Cuts Dividend

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

Analyst Ratings Changes

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