Key Points
- Insider Andrew Kail bought 76 Legal & General shares at GBX 288 each, worth £218.88, following smaller purchases in August and September.
- Legal & General shares opened at GBX 286.24, with a £15.53 billion market capitalization and a reported P/E ratio of 7.99. The company also continues to support its capital-management program through share repurchases.
- Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average target of GBX 276.86—below the reported trading level—while investors continue to assess the sustainability of the roughly 7.67% dividend yield.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail acquired 76 shares of Legal & General Group stock in a transaction dated Thursday, October 1st. The stock was purchased at an average price of GBX 288 per share, for a total transaction of £218.88.
Andrew Kail also recently made the following trade(s):
- On Tuesday, September 1st, Andrew Kail acquired 77 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 289 per share, with a total value of £222.53.
- On Monday, August 3rd, Andrew Kail bought 73 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 302 per share, for a total transaction of £220.46.
Legal & General Group Stock Up 0.2%
Shares of Legal & General Group stock opened at GBX 286.24 on Friday. The firm has a market capitalization of £15.53 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.34 and a beta of 0.79. Legal & General Group Plc has a 52 week low of GBX 217.20 and a 52 week high of GBX 318.10. The firm's 50 day moving average is GBX 295.93 and its two-hundred day moving average is GBX 278.26.
Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Legal & General Group News Summary
Here are the key news stories impacting Legal & General Group this week:
- Positive Sentiment: Insider Mark Jordy bought 3,671 shares at GBX 288, worth approximately £10,572. He has also made similar purchases in August and September, suggesting continued confidence from a company insider. Legal & General Group Insider Mark Jordy Acquires Shares
- Positive Sentiment: Insider Andrew Kail purchased 76 shares at an average of GBX 288. Although the transaction was small, additional insider buying can be viewed as a modest confidence signal.
- Positive Sentiment: Legal & General confirmed share repurchases as part of its capital-management program. Buybacks can support earnings per share by reducing the number of shares outstanding. Legal & General Updates Share Capital and Voting Rights After Buyback
- Neutral Sentiment: The CFO’s reported share purchase occurred under an employee plan, making it more likely to be routine compensation-related activity than a discretionary investment decision. Legal & General CFO Reports Share Purchase
- Neutral Sentiment: Legal & General admitted 88,525 new shares under its Sharesave employee scheme. The issuance is relatively small but creates modest dilution that offsets part of the buyback benefit. Legal & General Adds Sharesave Allotment
- Negative Sentiment: Investor attention remains focused on whether the approximately 7.67% dividend yield is sustainable. A high yield can attract income investors, but may also signal concerns about earnings, capital strength or future dividend growth. Is the 7.67% Yield on Legal & General Shares Too Good to Be True?
- Negative Sentiment: Analyst sentiment is cautious: the stock carries a consensus “Reduce” rating, with four Sell ratings, two Buys and one Hold. The average target of GBX 276.86 is below the reported trading level, suggesting limited near-term upside in analysts’ view.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LGEN. JPMorgan Chase & Co. decreased their price target on shares of Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating for the company in a research note on Thursday, August 13th. Citigroup cut shares of Legal & General Group to a "sell" rating and reduced their target price for the company from GBX 251 to GBX 245 in a report on Monday, August 10th. Peel Hunt reiterated an "add" rating and set a GBX 320 target price on shares of Legal & General Group in a research note on Tuesday, August 4th. Berenberg Bank raised their price target on Legal & General Group from GBX 353 to GBX 385 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada restated an "underperform" rating and issued a GBX 270 price target on shares of Legal & General Group in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of GBX 276.86.
Read Our Latest Research 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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