Legal & General Group (LON:LGEN) Shares Up 6.2% – Here’s Why

Posted by Stanley Muller on May 15th, 2026

Legal & General Group Plc (LON:LGEN – Get Free Report)’s share price shot up 6.2% during trading on Friday . The stock traded as high as GBX 265.80 and last traded at GBX 263.80. 84,968,844 shares traded hands during trading, an increase of 101% from the average session volume of 42,287,559 shares. The stock had previously closed at GBX 248.50.

Analysts Set New Price Targets

Several research firms recently commented on LGEN. The Goldman Sachs Group boosted their target price on Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research report on Friday, May 1st. Citigroup boosted their target price on Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research report on Tuesday, March 24th. Jefferies Financial Group cut Legal & General Group to an “underperform” rating and set a GBX 185 target price for the company. in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their target price on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 250.71.

View Our Latest Stock Analysis on Legal & General Group

Legal & General Group Price Performance

The company has a 50 day simple moving average of GBX 252.89 and a 200-day simple moving average of GBX 254.88. The stock has a market cap of £14.60 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN – Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. As a group, research analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Ric Lewis purchased 931 shares of the company’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of GBX 253 per share, with a total value of £2,355.43. Also, insider Mark Jordy purchased 1,040 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of GBX 253 per share, with a total value of £2,631.20. Over the last 90 days, insiders have purchased 7,085 shares of company stock valued at $1,840,038 and have sold 410,095 shares valued at $106,048,563. 0.59% of the stock is currently owned by company insiders.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.