Legal & General Group (LON:LGEN) Insider Sells £288,542.40 in Stock

Legal & General Group Plc (LON:LGEN) insider António Simões sold 120,226 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 240, for a total transaction of £288,542.40.

António Simões also recently made the following trade(s):

• On Wednesday, December 31st, António Simões sold 47,433 shares of Legal & General Group stock. The shares were sold at an average price of GBX 262, for a total transaction of £124,274.46.

Legal & General Group Stock Performance

Legal & General Group stock opened at GBX 242.90 on Thursday. The company’s 50 day simple moving average is GBX 260.85 and its 200-day simple moving average is GBX 250.53. Legal & General Group Plc has a 1 year low of GBX 206.80 and a 1 year high of GBX 279.50. The company has a market capitalization of £13.68 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. Equities analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group declared that its board has approved a share repurchase program on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised their price target on Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada increased their target price on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research note on Monday. The Goldman Sachs Group raised their target price on Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 261.67.

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.