Zacks Investment Research downgraded shares of Legal & General Group Plc (NASDAQ:LGGNY) from a strong-buy rating to a hold rating in a report issued on Monday 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. “

Shares of Legal & General Group Plc (NASDAQ:LGGNY) opened at 17.385 on Monday. The company has a market capitalization of $20.63 billion and a PE ratio of 10.226. The stock has a 50 day moving average of $17.40 and a 200-day moving average of $16.92. Legal & General Group Plc has a 12-month low of $12.62 and a 12-month high of $18.34.

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Legal & General Group Plc Company Profile

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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