Legal & General Group (LON:LGEN) Insider Acquires £2,631.45 in Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 993 shares of Legal & General Group stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of GBX 265 per share, for a total transaction of £2,631.45.

Mark Jordy also recently made the following trade(s):

• On Friday, January 2nd, Mark Jordy purchased 1,006 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 261 per share, for a total transaction of £2,625.66.
• On Monday, December 1st, Mark Jordy acquired 1,076 shares of Legal & General Group stock. The shares were bought at an average price of GBX 244 per share, for a total transaction of £2,625.44.

Legal & General Group Stock Performance

Shares of Legal & General Group stock traded up GBX 2.50 during midday trading on Monday, hitting GBX 267.60. The company had a trading volume of 19,770,502 shares, compared to its average volume of 17,501,410. The company has a fifty day simple moving average of GBX 257.06 and a 200 day simple moving average of GBX 249.05. The stock has a market cap of £15.07 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 12-month low of GBX 206.80 and a 12-month high of GBX 269.40.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LGEN. Peel Hunt restated an “add” rating and issued a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, October 15th. The Goldman Sachs Group increased their price target on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Berenberg Bank lifted their price objective on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 258.40.

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.