Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Purchases £1,640.76 in Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman acquired 726 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were acquired at an average price of GBX 226 ($3.02) per share, with a total value of £1,640.76 ($2,194.70).

Legal & General Group Trading Down 0.5 %

LGEN stock opened at GBX 223.20 ($2.99) on Friday. The firm has a market capitalization of £13.03 billion, a P/E ratio of 4,464.00, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. The stock’s fifty day moving average is GBX 225.59 and its 200 day moving average is GBX 236.53.

Legal & General Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a dividend yield of 2.77%. Legal & General Group’s payout ratio is 42,000.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LGEN shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 285 ($3.81) target price on shares of Legal & General Group in a report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 245 ($3.28) price objective on shares of Legal & General Group in a research note on Thursday, August 15th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 255 ($3.41) target price on shares of Legal & General Group in a report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Legal & General Group from GBX 300 ($4.01) to GBX 275 ($3.68) and set a “buy” rating for the company in a research note on Tuesday, June 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Legal & General Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 279 ($3.73).

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.