Legal & General Group (LON:LGEN) Stock: Insider Mark Jordy Acquires 3,468 Shares

Legal & General Group Plc (LON:LGEN) insider Mark Jordy acquired 3,468 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was acquired at an average price of GBX 305 per share, for a total transaction of £10,577.40.

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

• On Thursday, October 1st, Mark Jordy bought 3,671 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 288 per share, with a total value of £10,572.48.
• On Tuesday, September 1st, Mark Jordy purchased 3,651 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 290 per share, with a total value of £10,587.90.

Legal & General Group Stock Up 1.1%

Shares of LGEN stock opened at GBX 309.69 on Thursday. The firm has a market capitalization of £16.63 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 2.34 and a beta of 0.81. The stock has a fifty day moving average of GBX 294.80 and a 200 day moving average of GBX 277.60. Legal & General Group Plc has a 52 week low of GBX 217.20 and a 52 week high of GBX 318.10.

Legal & General Group (LON:LGEN) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Equities research analysts anticipate that Legal & General Group Plc will post 24.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 270 target price on shares of Legal & General Group in a research report on Wednesday, September 2nd. Berenberg Bank boosted their price target on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. Peel Hunt reissued an “add” rating and issued a GBX 320 price target on shares of Legal & General Group in a research note on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price target on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a research note on Thursday, August 13th. Finally, Citigroup lowered shares of Legal & General Group to a “sell” rating and lowered their price objective for the stock from GBX 251 to GBX 245 in a report on Monday, August 10th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of GBX 276.86.

Legal & General Group Company Profile

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.