Key Points
- Andrew Kail sold 204,858 shares of Legal & General on April 20 at GBX 271 for £555,165.18, having also sold 85,011 shares on April 7 (GBX 255) and bought 82 shares on February 2.
- The stock opened at GBX 268.60 and was trading down about 2%, with a market cap of £15.07 billion and a PE of 27.58; the board announced a share buyback program on March 11, suggesting management may view the stock as undervalued.
- Analysts are mixed: the consensus rating is "Hold" with an average price target of GBX 261.67 (2 Buy, 3 Hold, 1 Sell).
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail sold 204,858 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of GBX 271, for a total transaction of £555,165.18.
Andrew Kail also recently made the following trade(s):
- On Tuesday, April 7th, Andrew Kail sold 85,011 shares of Legal & General Group stock. The shares were sold at an average price of GBX 255, for a total transaction of £216,778.05.
- On Monday, February 2nd, Andrew Kail bought 82 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 267 per share, with a total value of £218.94.
Legal & General Group Trading Down 2.0%
Shares of LGEN stock opened at GBX 268.60 on Thursday. The company has a market capitalization of £15.07 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The firm has a fifty day simple moving average of GBX 257.99 and a 200-day simple moving average of GBX 253.46. Legal & General Group Plc has a twelve month low of GBX 217.20 and a twelve month high of GBX 279.50.
Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. Equities research analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group declared that its board has initiated a share buyback program on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
LGEN has been the topic of several research reports. Citigroup increased their price objective on shares of Legal & General Group from GBX 243 to GBX 249 and gave the stock a "neutral" rating in a research note on Tuesday, March 24th. Royal Bank Of Canada increased their price objective on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an "underperform" rating in a research note on Monday, March 23rd. The Goldman Sachs Group increased their price objective on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a "neutral" rating in a research note on Wednesday, January 21st. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 308 price objective on shares of Legal & General Group in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Legal & General Group has a consensus rating of "Hold" and a consensus price target of GBX 261.67.
Read Our Latest Research Report on LGEN
About Legal & General Group
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
