Legal & General Group’s (LGEN) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Legal & General Group (LON:LGEN) in a research report report published on Thursday, MarketBeat reports. Berenberg Bank currently has a GBX 308 price target on the financial services provider’s stock.

Separately, The Goldman Sachs Group boosted their target price on Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Legal & General Group has a consensus rating of “Hold” and a consensus price target of GBX 262.20.

Legal & General Group Stock Performance

Legal & General Group stock opened at GBX 246.30 on Thursday. The company’s 50 day simple moving average is GBX 264.17 and its 200-day simple moving average is GBX 250.51. The company has a market capitalization of £13.87 billion, a price-to-earnings ratio of 55.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Legal & General Group has a 1 year low of GBX 206.80 and a 1 year high of GBX 279.50.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a net margin of 1.49% and a return on equity of 3.89%. Equities analysts expect that Legal & General Group will post 24.2376446 earnings per share for the current year.

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

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Mark Jordy acquired 986 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average price of GBX 267 per share, for a total transaction of £2,632.62. Also, insider John Kingman acquired 614 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of GBX 267 per share, with a total value of £1,639.38. Insiders have purchased 10,428 shares of company stock valued at $2,757,069 over the last three months. 0.59% of the stock is currently owned by company insiders.

Key Legal & General Group News

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

• Positive Sentiment: Board authorizes a share buyback, signalling management thinks the stock is undervalued; buybacks are supportive for EPS and shareholder returns. Legal & General Group (LON:LGEN) Board Initiates Share Buyback Plan
• Positive Sentiment: Berenberg reaffirmed a “buy” rating with a GBX 308 price target, providing third‑party support for the stock’s upside potential. Broker Ratings / Berenberg
• Neutral Sentiment: Coverage pieces weighing whether the recent price pullback creates a valuation opportunity — these analyses highlight yield and long‑term growth but debate near‑term risk/returns. Is Legal & General Group (LSE:LGEN) Share Price Slide Creating A Valuation Opportunity?
• Neutral Sentiment: Highlights from the H2 earnings call provide detail on drivers of results and management commentary that investors will parse for guidance and capital management priorities. Legal & General Group H2 Earnings Call Highlights
• Neutral Sentiment: MarketWatch notes the stock outperformed intraday with very high volume — the surge reflects strong investor attention and trade activity following the company’s announcements and analyst commentary. Legal & General Group climbs Friday, outperforms market
• Negative Sentiment: Earnings and capital metrics disappointed in places — the company marginally missed profit estimates and reported a lower solvency ratio, which prompted an earlier sell‑off despite the buyback news. These outcomes increase near‑term execution and capital concerns. Britain’s L&G shares fall after earnings misses, lower solvency ratio
• Negative Sentiment: Insider selling disclosed: the Group Chief Risk Officer reported a share sale, which some investors interpret as a cautionary signal even if it may be routine or pre‑planned. Legal & General discloses share sale by Chief Risk Officer

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.