Insider Buying: Legal & General Group (LON:LGEN) Insider Purchases 988 Shares of Stock

Key Points

• Insider buying: Non‑executive director Laura Wade‑Gery purchased 988 shares at GBX 253 on May 1 (after similar buys of 944 and 938 shares in Feb and Mar), and multiple senior directors made routine purchases around GBX 253, signalling management confidence.
• Shares traded up 1.3% to GBX 254.90; Legal & General has a market cap of £14.31bn, a PE of 26.17 and a one‑year range of GBX 217.20–279.50, while analysts have a consensus Hold rating with a target of GBX 261.67 (Berenberg's Buy target: GBX 308).
• The board approved a stock buyback programme and is actively managing capital, though a small admission of 137,479 shares under a sharesave scheme creates minor dilution.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Laura Wade-Gery purchased 988 shares of the business's stock in a transaction dated Friday, May 1st. The stock was bought at an average price of GBX 253 per share, for a total transaction of £2,499.64.

Laura Wade-Gery also recently made the following trade(s):

• On Monday, March 2nd, Laura Wade-Gery purchased 938 shares of Legal & General Group stock. The stock was bought at an average price of GBX 267 per share, for a total transaction of £2,504.46.
• On Monday, February 2nd, Laura Wade-Gery purchased 944 shares of Legal & General Group stock. The stock was bought at an average price of GBX 265 per share, for a total transaction of £2,501.60.

Legal & General Group Stock Up 1.3%

LON:LGEN traded up GBX 3.20 during mid-day trading on Friday, reaching GBX 254.90. The company's stock had a trading volume of 1,569,091,375 shares, compared to its average volume of 60,864,945. Legal & General Group Plc has a 1 year low of GBX 217.20 and a 1 year high of GBX 279.50. The stock has a fifty day moving average of GBX 255.54 and a 200-day moving average of GBX 253.97. The firm has a market capitalization of £14.31 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN - Get Free Report) last released 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 net margin of 0.91% and a return on equity of 15.89%. On average, analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group announced that its board has approved a stock buyback plan on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on LGEN. Berenberg Bank reiterated a "buy" rating and issued a GBX 308 price target on shares of Legal & General Group in a report on Friday. Citigroup increased their price target on shares of Legal & General Group from GBX 243 to GBX 249 and gave the stock a "neutral" rating in a report on Tuesday, March 24th. Royal Bank Of Canada increased their price target on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an "underperform" rating in a report on Monday, March 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a "neutral" rating in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of "Hold" and a consensus target price of GBX 261.67.

More Legal & General Group News

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Multiple insider purchases by senior directors (Sir John Kingman, Mark Jordy, Ric Lewis, Laura Wade-Gery) — insider buying signals management confidence and often supports the share price; purchases were at ~GBX 253. Legal & General Discloses Routine Share Purchases by Non-Executive Directors
• Positive Sentiment: Berenberg reaffirmed a "buy" rating and set a GBX 308 price target — analyst support and a materially higher target vs. current levels can attract buyers. Broker Views / Berenberg Rating
• Positive Sentiment: Media note highlighting Legal & General's strong dividend (reported ~8.8% yield in recent write-ups) — income-focused investors may be adding exposure given high yield vs. FTSE peers. Legal And General Share Price: The 8.8% Dividend That’s Quietly Beating the FTSE
• Positive Sentiment: Share buyback reporting / voting-rights update indicates active capital management — buybacks reduce float and are typically supportive for the share price. Legal & General Updates Share Capital and Voting Rights After Buyback
• Neutral Sentiment: TPFG acquired a 25% stake in Meridian HoldCo (parent of L&G Surveying Services) — strategic partner activity could create optionality but impact on group earnings is indirect. TPFG Takes Strategic Stake in Legal & General Surveying Services Parent
• Neutral Sentiment: Admission of new shares under the sharesave scheme was announced (137,479 shares admitted) — routine employee scheme issuance that slightly increases free float but is small in scale. Legal & General Adds Sharesave Scheme Stock to London Listing
• Negative Sentiment: Small dilution from admitted shares / share-capital movements — while minor, any increase in share count offsets some buyback support and can be seen as modestly negative by short-term traders. Legal & General Updates Share Capital and Voting Rights After Buyback

Legal & General Group Company Profile

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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