Legal & General Group Plc (LON:LGEN - Get Free Report) insider Tushar Morzaria bought 20,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of GBX 241 ($3.12) per share, for a total transaction of £48,200 ($62,435.23).
Legal & General Group Trading Up 0.8 %
Legal & General Group stock opened at GBX 241.20 ($3.12) on Friday. The firm has a 50 day moving average of GBX 237.42 and a 200 day moving average of GBX 229.27. The firm has a market capitalization of £14.14 billion, a price-to-earnings ratio of 44.53, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 12-month low of GBX 211.40 ($2.74) and a 12-month high of GBX 266.20 ($3.45). The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18.
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) 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, research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.
Legal & General Group announced that its board has initiated a stock repurchase plan on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "top pick" rating on shares of Legal & General Group in a research note on Friday, December 6th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 ($3.43) price target on shares of Legal & General Group in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Legal & General Group from GBX 290 ($3.76) to GBX 295 ($3.82) and gave the company an "overweight" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 267 ($3.46).
View Our Latest Research Report on Legal & General Group
About Legal & General Group
(
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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.
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