Legal & General Group (LON:LGEN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Legal & General Group Plc (LON:LGEN)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 277.93 and traded as high as GBX 298.10. Legal & General Group shares last traded at GBX 292, with a volume of 706,215,250 shares trading hands.

Legal & General Group News Roundup

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Insider Mark Jordy bought 3,671 shares at an average of GBX 288, worth approximately £10,572. He has also purchased shares in September and August, indicating repeated insider confidence in the valuation. Legal & General Group Insider Mark Jordy Acquires Shares
• Positive Sentiment: Andrew Kail purchased 76 shares at GBX 288, while the group CFO separately reported a share purchase under an employee plan. Although the transactions are small, multiple insider-related purchases can provide a modest supportive signal for LGEN. Legal & General CFO Reports Share Purchase
• Positive Sentiment: The company’s buyback-related share-capital update could support per-share value by reducing shares outstanding, although the overall effect depends on the scale of repurchases. Legal & General Updates Share Capital After Buyback
• Neutral Sentiment: Legal & General admitted 88,525 new ordinary shares under its Sharesave scheme. The issuance expands the share count and may create limited dilution, but it reflects employee participation rather than a change in operating performance. Legal & General Adds Sharesave Allotment
• Negative Sentiment: Investors continue to question whether LGEN’s roughly 7.67% dividend yield is sustainable, keeping attention on capital strength, cash generation and future payout coverage. Is the 7.67% Yield on Legal & General Shares Too Good to Be True?
• Negative Sentiment: Analyst sentiment remains weak: the consensus rating is “Reduce,” with four sell ratings, two buys and one hold. The average target of GBX 276.86 is below the recent trading level, while several firms have cut targets or maintained underperform/sell ratings.

Analyst Ratings Changes

A number of brokerages have recently commented on LGEN. Berenberg Bank increased their price target on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a report on Thursday, August 6th. Peel Hunt reiterated an “add” rating and issued a GBX 320 price objective on shares of Legal & General Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. cut their price target on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a report on Thursday, August 13th. Citigroup cut shares of Legal & General Group to a “sell” rating and decreased their price objective for the company from GBX 251 to GBX 245 in a research report on Monday, August 10th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 270 price objective on shares of Legal & General Group in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Legal & General Group presently has a consensus rating of “Reduce” and a consensus target price of GBX 276.86.

Legal & General Group Stock Up 0.2%

The firm’s fifty day moving average is GBX 296.19 and its two-hundred day moving average is GBX 278.20. The firm has a market cap of £15.53 billion, a P/E ratio of 7.99, a PEG ratio of 2.34 and a beta of 0.79.

Legal & General Group (LON:LGEN) last posted its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. As a group, sell-side analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Insider Buying and Selling at Legal & General Group

In other news, insider Mark Jordy bought 3,671 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was purchased at an average price of GBX 288 per share, with a total value of £10,572.48. In the last quarter, insiders purchased 11,042 shares of company stock worth $3,240,907. 0.61% of the stock is currently owned by corporate insiders.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.