Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies sold 94,803 shares of the company's stock in a transaction dated Saturday, April 19th. The shares were sold at an average price of GBX 248 ($3.31), for a total transaction of £235,111.44 ($313,607.36).
Jeff Davies also recently made the following trade(s):
- On Tuesday, April 1st, Jeff Davies purchased 80 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 245 ($3.27) per share, for a total transaction of £196 ($261.44).
Legal & General Group Trading Down 5.5 %
Shares of Legal & General Group stock opened at GBX 237.38 ($3.17) on Friday. Legal & General Group Plc has a 1 year low of GBX 206.80 ($2.76) and a 1 year high of GBX 266.20 ($3.55). The company has a market capitalization of £13.91 billion, a price-to-earnings ratio of 43.82, a P/E/G ratio of 2.34 and a beta of 1.31. The business has a fifty day simple moving average of GBX 240.23 and a two-hundred day simple moving average of GBX 232.33. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.
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%. Research analysts forecast that Legal & General Group Plc will post 24.2376446 EPS 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. The ex-dividend date is Thursday, April 24th. This represents a yield of 6.18%. This is an increase from Legal & General Group's previous dividend of $6.00. Legal & General Group's payout ratio is currently 387.68%.
Legal & General Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 ($3.53) price objective on shares of Legal & General Group in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Legal & General Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 267 ($3.56).
View Our Latest Stock Analysis on Legal & General Group
About Legal & General Group
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
