Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Acquires 10,121 Shares of Stock

Legal & General Group Plc (LON:LGEN - Get Free Report) insider John Kingman bought 10,121 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of GBX 256 ($3.46) per share, for a total transaction of £25,909.76 ($35,051.08).

John Kingman also recently made the following trade(s):

• On Monday, June 2nd, John Kingman purchased 654 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 251 ($3.40) per share, with a total value of £1,641.54 ($2,220.70).

Legal & General Group Price Performance

Shares of LGEN traded down GBX 1.80 ($0.02) during trading hours on Friday, hitting GBX 256.10 ($3.46). The stock had a trading volume of 17,752,551 shares, compared to its average volume of 22,192,803. The stock has a market capitalization of £15.01 billion, a price-to-earnings ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The company's fifty day moving average is GBX 239.66 and its two-hundred day moving average is GBX 236.30. Legal & General Group Plc has a 52 week low of GBX 206.80 ($2.80) and a 52 week high of GBX 266.20 ($3.60).

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Legal & General Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, April 24th were given a dividend of GBX 15.36 ($0.21) per share. The ex-dividend date was Thursday, April 24th. This is a positive change from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. Legal & General Group's dividend payout ratio is 387.68%.

Legal & General Group declared that its board has approved a share repurchase program on Wednesday, March 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 265 ($3.58) price objective on shares of Legal & General Group in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Legal & General Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 267 ($3.61).

About Legal & General Group

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.

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