Key Points
- Andrew Kail sold 85,011 shares of Legal & General on April 7 at an average price of GBX 255, for a total of about £216,778; he had previously bought 82 shares on Feb. 2 at GBX 267.
- Shares trade around GBX 260.35 and the stock has a consensus "Hold" rating with a consensus target of GBX 261.67, while analyst targets range roughly from GBX 220 to GBX 308, indicating mixed sentiment.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail sold 85,011 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 255, for a total value of £216,778.05.
Andrew Kail also recently made the following trade(s):
- On Monday, February 2nd, Andrew Kail acquired 82 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 267 per share, for a total transaction of £218.94.
Legal & General Group Stock Performance
Shares of LON LGEN opened at GBX 260.35 on Friday. The firm has a market cap of £14.61 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.34 and a beta of 0.81. The business's 50-day simple moving average is GBX 258.25 and its 200-day simple moving average is GBX 251.66. Legal & General Group Plc has a 52 week low of GBX 216.27 and a 52 week high of GBX 279.50.
Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. As a group, equities research analysts forecast that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.
Legal & General Group declared that its Board of Directors has approved a share buyback plan on Wednesday, March 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
LGEN has been the topic of a number of analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 308 price objective on shares of Legal & General Group in a report on Thursday, March 12th. Royal Bank Of Canada increased their price objective on Legal & General Group from GBX 205 to GBX 220 and gave the company an "underperform" rating in a report on Monday, March 23rd. The Goldman Sachs Group increased their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the company a "neutral" rating in a report on Wednesday, January 21st. Finally, Citigroup increased their price objective on Legal & General Group from GBX 243 to GBX 249 and gave the company a "neutral" rating in a report on Tuesday, March 24th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 261.67.
Read Our Latest Research Report on Legal & General Group
Legal & General Group Company Profile
(
Get Free Report)
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.
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