Legal & General Group Plc (LON:LGEN - Get Free Report) insider António Simões sold 197,279 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of GBX 244 ($3.15), for a total value of £481,360.76 ($621,993.49).
Legal & General Group Trading Up 0.5 %
Shares of LON:LGEN opened at GBX 243.30 ($3.14) on Tuesday. The stock has a 50 day moving average of GBX 240.15 and a 200 day moving average of GBX 230.09. The company has a market cap of £14.26 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 12-month low of GBX 211.40 ($2.73) and a 12-month high of GBX 266.20 ($3.44). 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 posted its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, equities research analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be paid a GBX 15.36 ($0.20) dividend. This represents a yield of 6.18%. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Legal & General Group's previous dividend of $6.00. Legal & General Group's dividend payout ratio is presently 387.68%.
Legal & General Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
Several research firms have recently commented on LGEN. Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 ($3.42) price target on shares of Legal & General Group in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.81) and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "top pick" rating on shares of Legal & General Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 267 ($3.45).
Get Our Latest Stock Analysis on LGEN
Legal & General Group Company Profile
(
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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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