Legal & General Group (LON:LGEN) Insider Acquires £228.75 in Stock

Legal & General Group Plc (LON:LGEN) insider Andrew Kail bought 75 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of GBX 305 per share, for a total transaction of £228.75.

Andrew Kail also recently made the following trade(s):

• On Thursday, October 1st, Andrew Kail purchased 76 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 288 per share, with a total value of £218.88.
• On Tuesday, September 1st, Andrew Kail purchased 77 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 289 per share, for a total transaction of £222.53.

Legal & General Group Trading Down 1.7%

Shares of LGEN opened at GBX 304.70 on Friday. Legal & General Group Plc has a twelve month low of GBX 217.20 and a twelve month high of GBX 318.10. The company has a market cap of £16.36 billion, a P/E ratio of 8.50, a P/E/G ratio of 2.34 and a beta of 0.81. The company’s fifty day simple moving average is GBX 295.48 and its 200-day simple moving average is GBX 278.03.

Legal & General Group (LON:LGEN) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. Analysts predict that Legal & General Group Plc will post 24.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LGEN has been the topic of several recent research reports. Peel Hunt reissued an “add” rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a research note on Thursday, August 13th. Citigroup cut Legal & General Group to a “sell” rating and lowered their target price for the stock from GBX 251 to GBX 245 in a research note on Monday, August 10th. Berenberg Bank boosted their target price on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 185 target price on shares of Legal & General Group in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus 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.