Insider Buying: Legal & General Group (LON:LGEN) Insider Acquires £10,586.82 in Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy purchased 3,494 shares of Legal & General Group stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of GBX 303 per share, for a total transaction of £10,586.82.

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

• On Wednesday, July 1st, Mark Jordy acquired 3,683 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 287 per share, with a total value of £10,570.21.
• On Monday, June 1st, Mark Jordy acquired 980 shares of Legal & General Group stock. The stock was bought at an average price of GBX 268 per share, with a total value of £2,626.40.

Legal & General Group Trading Up 0.8%

LON:LGEN opened at GBX 305.20 on Thursday. Legal & General Group Plc has a 1-year low of GBX 217.20 and a 1-year high of GBX 310. The business’s 50-day moving average price is GBX 287.17 and its two-hundred day moving average price is GBX 269.18. The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04. The firm has a market capitalization of £16.71 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last issued its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. On average, equities analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Wall Street Analyst Weigh In

LGEN has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “underperform” rating and set a GBX 255 price objective on shares of Legal & General Group in a report on Wednesday, July 29th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 185 target price on shares of Legal & General Group in a report on Wednesday. Citigroup lifted their price target on shares of Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Peel Hunt reissued an “add” rating and issued a GBX 320 price target on shares of Legal & General Group in a report on Tuesday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 308 price objective on shares of Legal & General Group in a research report on Friday, May 1st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 265.29.

More Legal & General Group News

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Legal & General reported strong first-half results and said it would increase shareholder returns. The update reinforces confidence in the insurer’s operating performance and capital-generation outlook. Legal & General Reports Strong First-Half Performance and Increases Shareholder Returns
• Positive Sentiment: The company delivered a modest profit beat and raised its dividend by 2%. Higher distributions may appeal to income-focused investors and signal management’s confidence in cash flows. Legal & General Delivers Modest Profit Beat and Nudges Dividend Up 2 Percent
• Positive Sentiment: Legal & General reported quarterly earnings of GBX 8.01 per share, with a 15.89% return on equity. The results provide additional support for the recent share-price strength. Legal & General Earnings Results
• Positive Sentiment: Recent insider purchases—including Mark Jordy’s approximately £10,587 purchase and Andrew Kail’s smaller acquisition—may be interpreted as a vote of confidence, although the transactions are not large relative to the company’s market value. Legal & General Insider Buying
• Positive Sentiment: Peel Hunt maintained an “add” rating with a GBX 320 target, implying further upside from recent levels. Peel Hunt Broker Rating
• Negative Sentiment: Jefferies reaffirmed its “underperform” rating and assigned a GBX 185 target, substantially below the recent market price. The call highlights concerns that the shares may already reflect much of the improved outlook. Jefferies Legal & General Rating

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.