Insider Buying: Legal & General Group (LON:LGEN) Insider Buys 3,683 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy acquired 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of GBX 287 per share, for a total transaction of £10,570.21.

Mark Jordy also recently made the following trade(s):

• On Monday, June 1st, Mark Jordy purchased 980 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 268 per share, with a total value of £2,626.40.
• On Friday, May 1st, Mark Jordy acquired 1,040 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 253 per share, with a total value of £2,631.20.

Legal & General Group Trading Down 0.1%

LGEN stock traded down GBX 0.40 during trading on Wednesday, hitting GBX 285.60. The company had a trading volume of 18,967,732 shares, compared to its average volume of 36,069,070. The firm has a market capitalization of £15.67 billion, a P/E ratio of 29.32, a PEG ratio of 2.34 and a beta of 0.81. The company has a quick ratio of 0.50, a current ratio of 59.08 and a debt-to-equity ratio of 1,100.04. Legal & General Group Plc has a 52-week low of GBX 217.20 and a 52-week high of GBX 302.30. The company has a 50 day simple moving average of GBX 268.26 and a 200-day simple moving average of GBX 262.52.

Legal & General Group declared that its board has authorized a stock repurchase plan on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on LGEN shares. Berenberg Bank restated a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a report on Friday, May 1st. Royal Bank Of Canada raised their price objective on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Jefferies Financial Group cut shares of Legal & General Group to an “underperform” rating and set a GBX 185 price target on the stock. in a research report on Tuesday, May 5th. Finally, Citigroup increased their price target on Legal & General Group from GBX 2,490 to GBX 2,510 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 573.71.

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. 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.