Legal & General Group Plc (LON:LGEN - Get Free Report) insider Clare Bousfield purchased 20,369 shares of Legal & General Group stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of GBX 244 ($3.15) per share, for a total transaction of £49,700.36 ($64,212.35).
Legal & General Group Stock Down 0.8 %
LGEN opened at GBX 242.08 ($3.13) on Tuesday. The stock has a market capitalization of £14.19 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.34 and a beta of 1.31. The firm has a 50 day moving average price of GBX 241.40 and a 200-day moving average price of GBX 230.77. Legal & General Group Plc has a twelve month low of GBX 211.40 ($2.73) and a twelve month high of GBX 266.20 ($3.44). 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 (LON:LGEN - Get Free Report) last issued 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%. Equities research analysts forecast that Legal & General Group Plc will post 24.2376446 earnings per share 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 issued a dividend of GBX 15.36 ($0.20) per share. The ex-dividend date is Thursday, April 24th. This is a boost from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. Legal & General Group's dividend payout ratio (DPR) is currently 387.68%.
Legal & General Group declared that its board has authorized a share repurchase program on Wednesday, March 12th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LGEN. Berenberg Bank restated a "buy" rating and set a GBX 265 ($3.42) target price on shares of Legal & General Group in a report on Monday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.81) and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "top pick" rating on shares of Legal & General Group in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Legal & General Group currently has an average 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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