Legal & General Group (LON:LGEN) Insider Mark Jordy Buys 3,651 Shares

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 3,651 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of GBX 290 per share, with a total value of £10,587.90.

Mark Jordy also recently made the following trade(s):

• On Monday, August 3rd, Mark Jordy purchased 3,494 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 303 per share, for a total transaction of £10,586.82.
• On Wednesday, July 1st, Mark Jordy acquired 3,683 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 287 per share, with a total value of £10,570.21.

Legal & General Group Stock Down 1.1%

LGEN stock traded down GBX 3.21 during midday trading on Tuesday, reaching GBX 290.19. The stock had a trading volume of 23,025,895 shares, compared to its average volume of 34,638,203. The firm has a market cap of £15.85 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.34 and a beta of 0.80. Legal & General Group Plc has a twelve month low of GBX 217.20 and a twelve month high of GBX 318.10. The business has a fifty day simple moving average of GBX 295.14 and a two-hundred day simple moving average of GBX 273.30.

Legal & General Group (LON:LGEN) last issued its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, equities analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LGEN. Berenberg Bank lifted their price objective on Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on Legal & General Group from GBX 255 to GBX 270 and gave the company an “underperform” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. reduced their target price on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a report on Thursday, August 13th. Jefferies Financial Group restated an “underperform” rating and set a GBX 185 target price on shares of Legal & General Group in a research report on Wednesday, August 5th. Finally, Citigroup cut Legal & General Group to a “sell” rating and lowered their price target for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of GBX 276.86.

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. 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.