Legal & General Group Plc (LON:LGEN)’s share price was down 0.9% during mid-day trading on Wednesday after Goldman Sachs Group, Inc. (The) lowered their price target on the stock from GBX 255 to GBX 250. Goldman Sachs Group, Inc. (The) currently has a neutral rating on the stock. Legal & General Group Plc traded as low as GBX 255.90 ($3.30) and last traded at GBX 255.90 ($3.30). Approximately 11,502,923 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 13,124,900 shares. The stock had previously closed at GBX 258.20 ($3.33).

Other equities analysts have also issued research reports about the stock. Shore Capital reiterated a “buy” rating on shares of Legal & General Group Plc in a research report on Friday, May 19th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 290 ($3.75) target price on shares of Legal & General Group Plc in a research report on Tuesday, June 13th. Morgan Stanley decreased their target price on shares of Legal & General Group Plc from GBX 260 ($3.36) to GBX 250 ($3.23) and set an “equal weight” rating for the company in a research report on Tuesday, May 23rd. Canaccord Genuity increased their target price on shares of Legal & General Group Plc from GBX 235 ($3.03) to GBX 245 ($3.16) and gave the company a “hold” rating in a research report on Tuesday, May 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Legal & General Group Plc in a research report on Monday, May 22nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Legal & General Group Plc presently has an average rating of “Hold” and an average target price of GBX 256.65 ($3.31).

In other news, insider John Kingman acquired 633 shares of Legal & General Group Plc stock in a transaction on Friday, September 1st. The stock was bought at an average cost of GBX 260 ($3.36) per share, with a total value of £1,645.80 ($2,125.53). Also, insider Toby Strauss acquired 934 shares of Legal & General Group Plc stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of GBX 269 ($3.47) per share, with a total value of £2,512.46 ($3,244.81). In the last 90 days, insiders have bought 2,546 shares of company stock valued at $667,429.

The company’s 50 day moving average price is GBX 264.74 and its 200-day moving average price is GBX 256.67. The stock’s market capitalization is GBX 15.18 billion.

The company also recently disclosed a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be given a GBX 4.30 ($0.06) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 1.58%.

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About Legal & General Group Plc

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

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