Insider Buying: Legal & General Group (LON:LGEN) Insider Buys £2,497.77 in Stock

Legal & General Group Plc (LON:LGEN) insider Laura Wade-Gery acquired 957 shares of Legal & General Group stock in a transaction dated Friday, January 2nd. The shares were bought at an average price of GBX 261 per share, for a total transaction of £2,497.77.

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

• On Monday, December 1st, Laura Wade-Gery bought 1,024 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 244 per share, with a total value of £2,498.56.
• On Monday, November 3rd, Laura Wade-Gery purchased 1,036 shares of Legal & General Group stock. The stock was bought at an average price of GBX 241 per share, for a total transaction of £2,496.76.

Legal & General Group Stock Down 1.2%

Shares of LGEN stock opened at GBX 262.34 on Thursday. The company’s fifty day simple moving average is GBX 248.47 and its two-hundred day simple moving average is GBX 247.69. Legal & General Group Plc has a 52 week low of GBX 206.80 and a 52 week high of GBX 269.40. The stock has a market cap of £14.77 billion, a P/E ratio of 58.82, a PEG ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Monday, December 15th. The financial services provider reported GBX 2.89 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LGEN shares. Berenberg Bank boosted their target price on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a report on Friday, October 10th. Peel Hunt reiterated an “add” rating and issued a GBX 255 price target on shares of Legal & General Group in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price objective on Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 257.25.

About Legal & General Group

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.