Insider Buying: Legal & General Group (LON:LGEN) Insider Buys 82 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies bought 82 shares of Legal & General Group stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of GBX 241 per share, with a total value of £197.62.

Jeff Davies also recently made the following trade(s):

• On Wednesday, October 1st, Jeff Davies acquired 83 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 236 per share, with a total value of £195.88.
• On Monday, September 1st, Jeff Davies acquired 80 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 246 per share, with a total value of £196.80.
• On Tuesday, August 12th, Jeff Davies sold 186,737 shares of Legal & General Group stock. The stock was sold at an average price of GBX 260, for a total value of £485,516.20.

Legal & General Group Stock Down 0.8%

LGEN stock traded down GBX 1.89 during mid-day trading on Tuesday, hitting GBX 239.51. The stock had a trading volume of 14,607,661 shares, compared to its average volume of 20,064,184. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 1-year low of GBX 206.80 and a 1-year high of GBX 266.20. The company has a fifty day moving average of GBX 238.88 and a 200 day moving average of GBX 246.54. The stock has a market capitalization of £13.49 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last issued its earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Legal & General Group to a “neutral” rating and dropped their price objective for the stock from GBX 290 to GBX 275 in a report on Wednesday, August 13th. Berenberg Bank lifted their price objective on Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research report on Friday, October 10th. Peel Hunt reissued an “add” rating and issued a GBX 255 target price on shares of Legal & General Group in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada lifted their target price on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 257.25.

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.