Key Points
- Insider buying: Legal & General Group insider Mark Jordy purchased 3,651 shares at GBX 290 each, totaling £10,587.90. This follows two similar purchases in July and August, bringing his recent acquisitions to more than £31,000.
- Stock performance: LGEN opened at GBX 290.19, with a market capitalization of approximately £15.85 billion. Its shares have traded between GBX 217.20 and GBX 318.10 over the past year.
- Analyst sentiment remains cautious: Ratings include two Buys, one Hold and four Sells, producing an average “Reduce” rating and a consensus price target of GBX 276.86.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy purchased 3,651 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of GBX 290 per share, with a total value of £10,587.90.
Mark Jordy also recently made the following trade(s):
- On Monday, August 3rd, Mark Jordy acquired 3,494 shares of Legal & General Group stock. The shares were bought at an average price of GBX 303 per share, with a total value of £10,586.82.
- On Wednesday, July 1st, Mark Jordy acquired 3,683 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 287 per share, for a total transaction of £10,570.21.
Legal & General Group Price Performance
Legal & General Group stock opened at GBX 290.19 on Wednesday. The stock's 50 day moving average is GBX 295.21 and its 200 day moving average is GBX 273.46. Legal & General Group Plc has a one year low of GBX 217.20 and a one year high of GBX 318.10. The firm has a market cap of £15.85 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.34 and a beta of 0.80.
Legal & General Group (LON:LGEN - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Equities analysts anticipate that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on LGEN shares. Berenberg Bank increased their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Peel Hunt restated an "add" rating and issued a GBX 320 target price on shares of Legal & General Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their target price on shares of Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating on the stock in a report on Thursday, August 13th. Royal Bank Of Canada upped their price target on shares of Legal & General Group from GBX 255 to GBX 270 and gave the company an "underperform" rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group reiterated an "underperform" rating and set a GBX 185 price target on shares of Legal & General Group in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of GBX 276.86.
Check Out Our Latest Stock Report on LGEN
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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