Legal & General Group Plc (LGEN) Stock Price Down 0.4%
Legal & General Group Plc (LON:LGEN) dropped 0.4% on Tuesday . The stock traded as low as GBX 261 ($3.46) and last traded at GBX 261.70 ($3.47). Approximately 11,503,322 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 14,560,600 shares. The stock had previously closed at GBX 262.70 ($3.48).
LGEN has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 240 ($3.18) target price on shares of Legal & General Group Plc in a report on Thursday, June 8th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 290 ($3.85) target price on shares of Legal & General Group Plc in a report on Tuesday, June 13th. Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group Plc in a report on Tuesday, June 13th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 280 ($3.71) target price on shares of Legal & General Group Plc in a report on Wednesday, June 14th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 197 ($2.61) target price on shares of Legal & General Group Plc in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 253.63 ($3.36).
The firm’s market cap is GBX 15.49 billion. The stock’s 50-day moving average price is GBX 259.51 and its 200-day moving average price is GBX 257.46.
The company also recently declared a dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th were issued a dividend of GBX 4.30 ($0.06) per share. This represents a dividend yield of 1.58%. The ex-dividend date was Thursday, August 17th.
In other news, insider Toby Strauss purchased 934 shares of Legal & General Group Plc stock in a transaction dated Tuesday, August 1st. The shares were bought at an average cost of GBX 269 ($3.57) per share, for a total transaction of £2,512.46 ($3,332.62). Also, insider John Kingman purchased 237 shares of Legal & General Group Plc stock in a transaction dated Thursday, September 21st. The shares were purchased at an average price of GBX 258 ($3.42) per share, for a total transaction of £611.46 ($811.06). Over the last 90 days, insiders have bought 2,433 shares of company stock worth $641,141.
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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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