Key Points
- Insider purchases: Chair John Kingman bought 650 shares on May 1 at GBX 253 (£1,644.50), adding to prior buys in March and February, which—along with purchases by other non‑executive directors—signals board‑level confidence in the stock.
- Corporate actions: the Board approved a stock repurchase plan permitting open‑market buybacks, and routine employee share issuances were disclosed, both of which affect free float and can support the share price.
- Market and analyst context: LGEN trades around GBX 255 (50/200‑day SMAs ~255/254), market cap £14.31bn, P/E ~26; analysts average a "Hold" with a GBX 261.67 target while some brokers (Berenberg) remain bullish, and coverage notes an attractive ~8.8% income profile.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider John Kingman bought 650 shares of the company's stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of GBX 253 per share, for a total transaction of £1,644.50.
John Kingman also recently made the following trade(s):
- On Monday, March 2nd, John Kingman bought 614 shares of Legal & General Group stock. The shares were acquired at an average cost of GBX 267 per share, for a total transaction of £1,639.38.
- On Monday, February 2nd, John Kingman purchased 620 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 265 per share, with a total value of £1,643.
Legal & General Group Stock Performance
Legal & General Group stock opened at GBX 254.90 on Friday. The company has a 50-day simple moving average of GBX 255.54 and a 200-day simple moving average of GBX 253.97. The firm has a market capitalization of £14.31 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.34 and a beta of 0.81. Legal & General Group Plc has a one year low of GBX 217.20 and a one year high of GBX 279.50.
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts forecast that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.
Legal & General Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have commented on LGEN shares. Berenberg Bank restated a "buy" rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday. Citigroup raised their price target on shares of Legal & General Group from GBX 243 to GBX 249 and gave the company a "neutral" rating in a research note on Tuesday, March 24th. The Goldman Sachs Group raised their price target on shares of Legal & General Group from GBX 249 to GBX 263 and gave the company a "neutral" rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price target on shares of Legal & General Group from GBX 205 to GBX 220 and gave the company an "underperform" rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Legal & General Group currently has an average rating of "Hold" and an average target price of GBX 261.67.
View Our Latest Stock Report on Legal & General Group
Key Stories Impacting Legal & General Group
Here are the key news stories impacting Legal & General Group this week:
- Positive Sentiment: Multiple insider purchases by the chair and non-executive directors (including Sir John Kingman, Mark Jordy, Ric Lewis and others) at ~GBX 253 signal board-level confidence and support for the share price. Read More.
- Positive Sentiment: Berenberg reaffirmed a "buy" rating with a GBX 308 price target, providing third‑party validation of upside vs current levels and likely supporting demand. Read More.
- Positive Sentiment: Coverage highlighting Legal & General’s attractive income profile (an ~8.8% dividend cited) can draw yield‑seeking investors into the stock. Read More.
- Neutral Sentiment: The company admitted 137,479 new ordinary shares under the sharesave scheme to the London listing — routine employee share issuance that marginally increases free float. Read More.
- Neutral Sentiment: Legal & General published an update on share capital and voting rights following its buyback (procedural disclosure). Buybacks are supportive, but the update itself is administrative. Read More.
- Neutral Sentiment: TPFG has taken a 25% stake in Meridian HoldCo (parent of Legal & General Surveying Services). This is a strategic third‑party transaction around a subsidiary and is unlikely to materially change group fundamentals near term. Read More.
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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