Legal & General Group Plc (LON:LGEN) Increases Dividend to GBX 14.63 Per Share

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

Legal & General Group Stock Up 0.1 %

Shares of Legal & General Group stock opened at GBX 253.40 ($3.13) on Wednesday. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51. The company’s fifty day simple moving average is GBX 246.88 and its two-hundred day simple moving average is GBX 239.23. The company has a market cap of £15.15 billion, a P/E ratio of 3,620.57, a PEG ratio of 2.34 and a beta of 1.34. Legal & General Group has a 12-month low of GBX 203.10 ($2.51) and a 12-month high of GBX 259 ($3.20).

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LGEN. Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.57) price objective on shares of Legal & General Group in a research report on Friday, March 8th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Finally, Barclays reduced their target price 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 research report on Tuesday, February 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Legal & General Group presently has a consensus rating of “Buy” and a consensus price target of GBX 307.80 ($3.80).

Insider Buying and Selling at Legal & General Group

In related news, insider Laura Wade-Gery bought 712 shares of the stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). In other Legal & General Group news, insider Henrietta Baldock acquired 992 shares of the stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of GBX 245 ($3.03) per share, for a total transaction of £2,430.40 ($3,001.98). Also, insider Laura Wade-Gery acquired 712 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). In the last 90 days, insiders have purchased 2,662 shares of company stock worth $669,356 and have sold 324,303 shares worth $79,322,614. Company 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.