Legal & General Group Plc (LON:LGEN – Get Free Report) insider Mark Jordy bought 980 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of GBX 268 per share, for a total transaction of £2,626.40.
Mark Jordy also recently made the following trade(s):
- On Friday, May 1st, Mark Jordy purchased 1,040 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 253 per share, with a total value of £2,631.20.
Legal & General Group Trading Down 1.8%
Shares of LGEN traded down GBX 4.90 during midday trading on Monday, hitting GBX 266.50. 18,173,568 shares of the company’s stock traded hands, compared to its average volume of 39,809,664. The firm’s fifty day moving average is GBX 256.60 and its 200-day moving average is GBX 256.97. The stock has a market capitalization of £14.86 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. Legal & General Group Plc has a 1 year low of GBX 217.20 and a 1 year high of GBX 285.65.
Legal & General Group announced that its board has approved a stock buyback plan on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
A number of brokerages have issued reports on LGEN. Citigroup boosted their target price on Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a research report on Tuesday, March 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a report on Monday, March 23rd. Finally, Jefferies Financial Group cut shares of Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 250.71.
View Our Latest Stock Analysis on Legal & General Group
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. 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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