Key Points
- Insider buying: Legal & General Group insider Mark Jordy bought 980 shares on Monday at GBX 268 each, totaling £2,626.40. This follows another purchase of 1,040 shares in early May.
- Stock performance: The shares were down 1.8% in Tuesday trading, opening at GBX 266.50. The stock has traded between GBX 217.20 and GBX 285.65 over the past 12 months.
- Analyst outlook: Wall Street sentiment is mixed, with an average rating of Hold and a consensus price target of GBX 250.71. Analysts currently split between Buy, Hold, and Sell ratings.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy purchased 980 shares of the company's stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of GBX 268 per share, with a total value of £2,626.40.
Mark Jordy also recently made the following trade(s):
- On Friday, May 1st, Mark Jordy purchased 1,040 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 253 per share, with a total value of £2,631.20.
Legal & General Group Trading Down 1.8%
Shares of LGEN opened at GBX 266.50 on Tuesday. The company has a market cap of £14.86 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. The stock has a 50-day moving average price of GBX 257.08 and a 200-day moving average price of GBX 257.12. Legal & General Group Plc has a 12-month low of GBX 217.20 and a 12-month high of GBX 285.65.
Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (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, analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.
Legal & General Group announced that its board has authorized a share buyback program on Wednesday, March 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on LGEN shares. Citigroup boosted their target price on Legal & General Group from GBX 243 to GBX 249 and gave the stock a "neutral" rating in a research report on Tuesday, March 24th. Royal Bank Of Canada boosted their target price on Legal & General Group from GBX 205 to GBX 220 and gave the stock an "underperform" rating in a research report on Monday, March 23rd. Jefferies Financial Group downgraded Legal & General Group to an "underperform" rating and set a GBX 185 target price for the company. in a research report on Tuesday, May 5th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 308 target price on shares of Legal & General Group in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Legal & General Group has an average rating of "Hold" and an average price target of GBX 250.71.
Check Out Our Latest Analysis on Legal & General Group
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.
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