Shares of Legal & General Group Plc (LON:LGEN – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 285.65 and last traded at GBX 269.50, with a volume of 57474801 shares. The stock had previously closed at GBX 272.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on LGEN shares. Citigroup upped their target price on Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada increased their price objective on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research report on Friday, May 1st. Finally, Jefferies Financial Group lowered shares of Legal & General Group to an “underperform” rating and set a GBX 185 price target for the company. in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 250.71.
Get Our Latest Stock Analysis on Legal & General Group
Legal & General Group Stock Down 1.0%
Legal & General Group (LON:LGEN – Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. Equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group announced that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Insider Transactions at Legal & General Group
In related news, insider John Kingman acquired 650 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of GBX 253 per share, with a total value of £1,644.50. Also, insider Mark Jordy acquired 1,040 shares of Legal & General Group stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 253 per share, for a total transaction of £2,631.20. In the last quarter, insiders acquired 7,085 shares of company stock worth $1,840,038 and sold 410,095 shares worth $106,048,563. 0.59% of the stock is currently owned by company insiders.
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. 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.
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