Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Purchases £2,635.86 in Stock

Legal & General Group Plc (LON:LGEN) insider Ric Lewis bought 1,182 shares of the firm’s stock in a transaction that occurred on Monday, September 2nd. The stock was purchased at an average cost of GBX 223 ($2.93) per share, for a total transaction of £2,635.86 ($3,465.96).

Legal & General Group Stock Performance

Shares of LGEN opened at GBX 224.30 ($2.95) on Tuesday. The company has a 50-day simple moving average of GBX 227.55 and a two-hundred day simple moving average of GBX 238.93. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. The firm has a market capitalization of £13.17 billion, a PE ratio of 4,486.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.36. Legal & General Group Plc has a one year low of GBX 203.10 ($2.67) and a one year high of GBX 259 ($3.41).

Legal & General Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd will be paid a GBX 6 ($0.08) dividend. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 22nd. Legal & General Group’s payout ratio is presently 42,000.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 289 ($3.80) price objective on shares of Legal & General Group in a research report on Wednesday, June 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 285 ($3.75) price target on shares of Legal & General Group in a report on Wednesday, July 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 245 ($3.22) price objective on shares of Legal & General Group in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Legal & General Group from GBX 300 ($3.94) to GBX 275 ($3.62) and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 255 ($3.35) target price on shares of Legal & General Group in a report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 279 ($3.67).

Legal & General Group Company Profile

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.