Legal & General Group Plc (LON:LGEN) Insider Acquires £2,720.84 in Stock

Legal & General Group Plc (LON:LGEN) insider Laura Wade-Gery bought 1,084 shares of the stock in a transaction on Monday, June 2nd. The shares were bought at an average price of GBX 251 ($3.40) per share, for a total transaction of £2,720.84 ($3,687.27).

Laura Wade-Gery also recently made the following trade(s):

• On Thursday, May 1st, Laura Wade-Gery purchased 1,159 shares of Legal & General Group stock. The stock was bought at an average price of GBX 235 ($3.18) per share, with a total value of £2,723.65 ($3,691.08).

Legal & General Group Price Performance

LON LGEN opened at GBX 254.60 ($3.45) on Thursday. The company has a 50-day moving average price of GBX 239.34 and a 200-day moving average price of GBX 236.15. Legal & General Group Plc has a 52 week low of GBX 206.80 ($2.80) and a 52 week high of GBX 266.20 ($3.61). The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The firm has a market capitalization of £14.92 billion, a P/E ratio of 47.00, a PEG ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last announced its earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. Equities research analysts anticipate that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, April 24th will be paid a GBX 15.36 ($0.21) dividend. This represents a dividend yield of 6.18%. This is a positive change from Legal & General Group’s previous dividend of $6.00. The ex-dividend date is Thursday, April 24th. Legal & General Group’s dividend payout ratio is 387.68%.

Legal & General Group declared that its Board of Directors has approved a share buyback program on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.59) target price on shares of Legal & General Group in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 267 ($3.62).

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.