Legal & General Group (LON:LGEN) Insider Jeff Davies Purchases 80 Shares

Legal & General Group Plc (LON:LGEN) insider Jeff Davies purchased 80 shares of the stock in a transaction dated Monday, September 1st. The stock was bought at an average cost of GBX 246 per share, with a total value of £196.80.

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

• 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.
• On Friday, August 1st, Jeff Davies bought 76 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 255 per share, with a total value of £193.80.
• On Tuesday, July 1st, Jeff Davies purchased 75 shares of Legal & General Group stock. The stock was bought at an average price of GBX 256 per share, for a total transaction of £192.

Legal & General Group Stock Down 3.2%

Legal & General Group stock traded down GBX 7.97 during mid-day trading on Tuesday, reaching GBX 237.53. The stock had a trading volume of 42,377,453 shares, compared to its average volume of 20,387,350. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The stock’s 50-day simple moving average is GBX 255.19 and its 200-day simple moving average is GBX 247.08. The firm has a market capitalization of £13.42 billion, a PE ratio of 8,305.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a fifty-two week low of GBX 206.80 and a fifty-two week high of GBX 266.20.

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

Wall Street Analysts Forecast Growth

LGEN has been the subject of a number of research reports. JPMorgan Chase & Co. lowered shares of Legal & General Group to a “neutral” rating and decreased their target price for the company from GBX 290 to GBX 275 in a research note on Wednesday, August 13th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 200 target price on shares of Legal & General Group in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 246.67.

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.