Legal & General Group (LON:LGEN) Hits New 12-Month High – Time to Buy?

Legal & General Group Plc (LON:LGEN) shares hit a new 52-week high on Monday . The company traded as high as GBX 302.68 and last traded at GBX 298.10, with a volume of 13516094 shares trading hands. The stock had previously closed at GBX 299.60.

Analyst Upgrades and Downgrades

LGEN has been the subject of a number of research reports. Citigroup upped their target price on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a report on Friday, May 1st. Finally, Jefferies Financial Group downgraded Legal & General Group to an “underperform” rating and set a GBX 185 price objective on the stock. in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Legal & General Group has a consensus rating of “Hold” and an average target price of GBX 251.

Legal & General Group Trading Down 0.5%

The stock has a market cap of £16.32 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.34 and a beta of 0.79. The stock’s fifty day moving average is GBX 282.09 and its 200 day moving average is GBX 267.16. The company has a debt-to-equity ratio of 1,100.04, a quick ratio of 0.50 and a current ratio of 59.08.

Insider Buying and Selling

In other news, insider Mark Jordy acquired 3,683 shares of Legal & General Group stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 287 per share, with a total value of £10,570.21. Also, insider Ric Lewis acquired 931 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of GBX 253 per share, with a total value of £2,355.43. Insiders have purchased 8,519 shares of company stock valued at $2,299,198 in the last three months. Corporate insiders own 0.59% of the company’s stock.

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.