Insider Buying: Legal & General Group (LON:LGEN) Insider Acquires 674 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman purchased 674 shares of Legal & General Group stock in a transaction on Monday, December 1st. The stock was bought at an average cost of GBX 244 per share, for a total transaction of £1,644.56.

John Kingman also recently made the following trade(s):

• On Monday, November 3rd, John Kingman acquired 679 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 242 per share, with a total value of £1,643.18.

Legal & General Group Stock Down 0.2%

Shares of LGEN stock traded down GBX 0.40 during trading hours on Monday, reaching GBX 246.50. 941,946,313 shares of the stock were exchanged, compared to its average volume of 23,956,172. The business’s fifty day moving average is GBX 239.20 and its two-hundred day moving average is GBX 246.62. The firm has a market capitalization of £13.88 billion, a P/E ratio of 55.27, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 12-month low of GBX 206.80 and a 12-month high of GBX 266.20. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank raised their price objective on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a report on Friday, October 10th. Royal Bank Of Canada increased their target price on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a report on Monday, November 3rd. Peel Hunt reaffirmed an “add” rating and set a GBX 255 price target on shares of Legal & General Group in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. cut Legal & General Group to a “neutral” rating and lowered their price objective for the stock from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 257.25.

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.