Legal & General Group (OTCMKTS:LGGNY) Reaches New 52-Week High – Still a Buy?

Legal & General Group PLC (OTCMKTS:LGGNY)’s share price reached a new 52-week high on Thursday . The company traded as high as $19.30 and last traded at $19.30, with a volume of 69872 shares trading hands. The stock had previously closed at $19.08.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group downgraded Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Legal & General Group Stock Up 1.2%

The firm has a fifty day moving average of $17.90 and a 200-day moving average of $17.56. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12.

Legal & General Group Company Profile

Legal & General Group is a London‑headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long‑term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de‑risking for corporate clients, together with retail and workplace pension provision.