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Insider Buying: Legal & General Group (LON:LGEN) Insider Purchases 1,105 Shares of Stock

Legal & General Group logo with Financial Services background

Key Points

  • Ric Lewis, an insider at Legal & General Group, bought 1,105 shares at GBX 247 per share on September 1st, totaling approximately £2,729.35.
  • Legal & General Group's stock price has been fluctuating around GBX 245.38, with a 12-month low of GBX 206.80 and a high of GBX 266.20.
  • Several analysts have downgraded Legal & General Group's stock, with price targets lowered to as low as GBX 200, indicating a perceived underperformance.
  • MarketBeat previews top five stocks to own in October.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Ric Lewis acquired 1,105 shares of the company's stock in a transaction that occurred on Monday, September 1st. The stock was purchased at an average price of GBX 247 per share, for a total transaction of £2,729.35.

Ric Lewis also recently made the following trade(s):

  • On Friday, August 1st, Ric Lewis acquired 1,030 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 256 per share, for a total transaction of £2,636.80.

Legal & General Group Stock Performance

LGEN traded down GBX 2.67 during trading on Monday, hitting GBX 245.38. The stock had a trading volume of 12,417,447 shares, compared to its average volume of 20,256,457. The firm has a market cap of £13.86 billion, a PE ratio of 8,579.69, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 12 month low of GBX 206.80 and a 12 month high of GBX 266.20. The company has a 50 day simple moving average of GBX 255.32 and a 200-day simple moving average of GBX 247.06.

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on LGEN. Royal Bank Of Canada cut their price target on Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. lowered Legal & General Group to a "neutral" rating and reduced their price target for the stock from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 246.67.

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.

See Also

Insider Buying and Selling by Quarter for Legal & General Group (LON:LGEN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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