Legal & General Group Plc (LGEN) to Issue Dividend of GBX 14.63 on June 6th

Legal & General Group Plc (LON:LGEN) declared a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 14.63 ($0.18) per share by the financial services provider on Thursday, June 6th. This represents a dividend yield of 5.96%. The ex-dividend date is Thursday, April 25th. This is a positive change from Legal & General Group’s previous dividend of $5.71. The official announcement can be accessed at this link.

Legal & General Group Trading Up 1.7 %

Shares of LGEN stock opened at GBX 254.70 ($3.15) on Tuesday. The firm has a market cap of £15.23 billion, a P/E ratio of 3,577.14, a PEG ratio of 2.34 and a beta of 1.34. Legal & General Group has a 1-year low of GBX 203.10 ($2.51) and a 1-year high of GBX 259 ($3.20). The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50. The firm’s 50-day simple moving average is GBX 246.43 and its 200-day simple moving average is GBX 238.97.

Analysts Set New Price Targets

Several research firms recently commented on LGEN. Barclays cut their price target on shares of Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 289 ($3.57) price target on shares of Legal & General Group in a report on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Legal & General Group currently has a consensus rating of “Buy” and an average price target of GBX 307.80 ($3.80).

Insider Activity

In other news, insider Jeff Davies sold 220,906 shares of Legal & General Group stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.00), for a total transaction of £536,801.58 ($663,045.43). In other news, insider Laura Wade-Gery acquired 712 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). Also, insider Jeff Davies sold 220,906 shares of Legal & General Group stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.00), for a total transaction of £536,801.58 ($663,045.43). Over the last 90 days, insiders have bought 2,662 shares of company stock worth $669,356 and have sold 324,303 shares worth $79,322,614. Insiders own 0.85% of the company’s stock.

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.