Zacks Investment Research lowered shares of Legal & General Group Plc (NASDAQ:LGGNY) from a buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “LEGAL & GENERAL is a leading UK risk, savings and investment group. Legal & General today provides life assurance and other financial protection products, annuities and long-term savings products including ISA’s and pensions. With over £250 billion in funds under management, it is also the largest investor for UK pension funds. Legal & General has over 5.5 million UK customers. Their products are sold through over thirty bank and building society relationships, through Independent Financial Advisers and also directly to customers. Legal & General Assurance Society Limited, their principal operating company, is one of Europe’s top rated life companies for financial strength, with an AA+ rating from Standard & Poor’s and Aa1 from Moody’s. “

Several other equities research analysts have also recently weighed in on the company. Beaufort Securities reaffirmed a buy rating on shares of Legal & General Group Plc in a research note on Thursday, August 11th. Shore Capital reaffirmed a buy rating on shares of Legal & General Group Plc in a research note on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Legal & General Group Plc in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $16.00.

Legal & General Group Plc (NASDAQ:LGGNY) traded down 1.44% during midday trading on Tuesday, hitting $14.40. The stock had a trading volume of 364 shares. The firm has a market cap of $17.07 billion and a price-to-earnings ratio of 11.71. Legal & General Group Plc has a 52 week low of $10.76 and a 52 week high of $21.15. The firm has a 50 day moving average of $13.57 and a 200 day moving average of $14.23.

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