Insider Buying: Legal & General Group (LON:LGEN) Insider Purchases £10,587.90 in Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 3,651 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of GBX 290 per share, for a total transaction of £10,587.90.

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

• On Monday, August 3rd, Mark Jordy purchased 3,494 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 303 per share, for a total transaction of £10,586.82.
• On Wednesday, July 1st, Mark Jordy purchased 3,683 shares of Legal & General Group stock. The stock was bought at an average price of GBX 287 per share, with a total value of £10,570.21.

Legal & General Group Trading Down 1.1%

Shares of LGEN stock traded down GBX 3.21 during trading hours on Tuesday, hitting GBX 290.19. 23,025,895 shares of the company were exchanged, compared to its average volume of 34,638,203. The business has a 50 day moving average of GBX 295.14 and a two-hundred day moving average of GBX 273.30. Legal & General Group Plc has a 52 week low of GBX 217.20 and a 52 week high of GBX 318.10. The company has a market capitalization of £15.85 billion, a PE ratio of 29.79, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, research analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LGEN. Citigroup lowered Legal & General Group to a “sell” rating and cut their price target for the company from GBX 251 to GBX 245 in a report on Monday, August 10th. Berenberg Bank increased their price objective on Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on Legal & General Group from GBX 255 to GBX 270 and gave the company an “underperform” rating in a research note on Tuesday, August 11th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of GBX 276.86.

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.