Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Buys 1,241 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Clare Bousfield bought 1,241 shares of Legal & General Group stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of GBX 251 ($3.40) per share, with a total value of £3,114.91 ($4,220.17).

Clare Bousfield also recently made the following trade(s):

• On Friday, March 28th, Clare Bousfield acquired 20,369 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 244 ($3.31) per share, with a total value of £49,700.36 ($67,335.54).

Legal & General Group Stock Performance

Shares of LON:LGEN traded up GBX 5.21 ($0.07) during midday trading on Monday, hitting GBX 256.70 ($3.48). The company had a trading volume of 13,557,958 shares, compared to its average volume of 22,008,180. 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 Plc has a 12-month low of GBX 206.80 ($2.80) and a 12-month high of GBX 266.20 ($3.61). The company has a fifty day moving average of GBX 242.47 and a two-hundred day moving average of GBX 238.01. The company has a market cap of £15.04 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 2.34 and a beta of 1.31.

Legal & General Group declared that its board has initiated a stock repurchase plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.59) target price on shares of Legal & General Group in a report on Monday, February 24th.

About Legal & General Group

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.