Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies acquired 80 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average price of GBX 245 ($3.18) per share, with a total value of £196 ($254.51).
Legal & General Group Stock Down 0.6 %
Shares of LGEN opened at GBX 243.07 ($3.16) on Thursday. Legal & General Group Plc has a 12-month low of GBX 211.40 ($2.75) and a 12-month high of GBX 266.20 ($3.46). The firm has a market capitalization of £14.25 billion, a P/E ratio of 44.87, a P/E/G ratio of 2.34 and a beta of 1.31. The firm has a fifty day moving average price of GBX 241.81 and a 200-day moving average price of GBX 231.03. 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 (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 expect 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 disclosed a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be issued a GBX 15.36 ($0.20) dividend. This is a positive change from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. The ex-dividend date of this dividend is Thursday, April 24th. Legal & General Group's dividend payout ratio (DPR) is presently 387.68%.
Legal & General Group declared that its Board of Directors has approved a share buyback program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
A number of research analysts have issued reports on LGEN shares. JPMorgan Chase & Co. boosted their price objective on shares of Legal & General Group from GBX 290 ($3.77) to GBX 295 ($3.83) and gave the company an "overweight" rating in a research report on Friday, December 6th. Berenberg Bank restated a "buy" rating and set a GBX 265 ($3.44) price target on shares of Legal & General Group in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft restated a "top pick" rating on shares of Legal & General Group in a report on Friday, December 6th. Two equities research 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, Legal & General Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.47).
Read Our Latest Analysis on LGEN
Legal & General Group Company Profile
(
Get Free Report)
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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