Legal & General Group Plc (LON:LGEN) Insider Jeff Davies Sells 220,906 Shares

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 220,906 shares of Legal & General Group stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.03), for a total transaction of £536,801.58 ($668,245.46).

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

• On Saturday, April 13th, Jeff Davies sold 22,267 shares of Legal & General Group stock. The shares were sold at an average price of GBX 248 ($3.09), for a total transaction of £55,222.16 ($68,744.13).

Legal & General Group Price Performance

Shares of LGEN stock traded up GBX 2.12 ($0.03) during mid-day trading on Thursday, hitting GBX 245.12 ($3.05). The company had a trading volume of 13,038,473 shares, compared to its average volume of 12,657,005. The stock’s 50 day moving average price is GBX 245.84 and its 200-day moving average price is GBX 238.06. Legal & General Group Plc has a 52-week low of GBX 203.10 ($2.53) and a 52-week high of GBX 259 ($3.22). The company has a market capitalization of £14.66 billion, a P/E ratio of 3,494.86, a P/E/G ratio of 2.34 and a beta of 1.34. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50.

Legal & General Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be given a GBX 14.63 ($0.18) dividend. This represents a yield of 5.96%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s payout ratio is currently 28,571.43%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 289 ($3.60) target price on shares of Legal & General Group in a report on Friday, March 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 307.80 ($3.83).

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.