Key Points
- Andrew Kail purchased 87 shares of Legal & General at GBX 254 on May 1 for £220.98, following much larger disposals earlier in April (204,858 shares sold at GBX 271 on April 20 and 85,011 shares sold at GBX 255 on April 7), so the recent buy is very small relative to prior sales.
- Shares opened at GBX 248.36 (down ~2.6%), trading near the 50‑ and 200‑day moving averages (~GBX 255) with a one‑year range of GBX 217.20–279.50 and a market cap of about £13.94 billion.
- The Board authorized a stock buyback for open‑market purchases, while analysts remain mixed — consensus rating is Hold with an average price target of GBX 250.71 and broker targets ranging from GBX 185 to GBX 308.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail purchased 87 shares of the company's stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of GBX 254 per share, for a total transaction of £220.98.
Andrew Kail also recently made the following trade(s):
- On Monday, April 20th, Andrew Kail sold 204,858 shares of Legal & General Group stock. The stock was sold at an average price of GBX 271, for a total value of £555,165.18.
- On Tuesday, April 7th, Andrew Kail sold 85,011 shares of Legal & General Group stock. The stock was sold at an average price of GBX 255, for a total value of £216,778.05.
Legal & General Group Trading Down 2.6%
Shares of LON:LGEN opened at GBX 248.36 on Wednesday. Legal & General Group Plc has a 1-year low of GBX 217.20 and a 1-year high of GBX 279.50. The firm has a market capitalization of £13.94 billion, a PE ratio of 25.50, a PEG ratio of 2.34 and a beta of 0.80. The business's 50 day moving average is GBX 255.06 and its 200-day moving average is GBX 254.22.
Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. On average, sell-side analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have recently weighed in on LGEN. Royal Bank Of Canada lifted their price objective on Legal & General Group from GBX 205 to GBX 220 and gave the stock an "underperform" rating in a report on Monday, March 23rd. Jefferies Financial Group lowered Legal & General Group to an "underperform" rating and set a GBX 185 price objective on the stock. in a report on Tuesday. Citigroup lifted their price objective on Legal & General Group from GBX 243 to GBX 249 and gave the stock a "neutral" rating in a report on Tuesday, March 24th. The Goldman Sachs Group boosted their price target on 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, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 250.71.
Read Our Latest Stock 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.
Further Reading
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