Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies purchased 80 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average price of GBX 245 ($3.16) per share, with a total value of £196 ($252.64).
Legal & General Group Stock Performance
Shares of LON LGEN traded down GBX 10.10 ($0.13) during mid-day trading on Monday, reaching GBX 215.20 ($2.77). 1,681,614,625 shares of the company's stock were exchanged, compared to its average volume of 42,827,539. The firm has a 50-day moving average price of GBX 241.72 and a two-hundred day moving average price of GBX 231.13. 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 firm has a market capitalization of £12.61 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 52 week low of GBX 207.50 ($2.67) and a 52 week high of GBX 266.20 ($3.43).
Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. Analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be paid a GBX 15.36 ($0.20) dividend. This is an increase from Legal & General Group's previous dividend of $6.00. The ex-dividend date is Thursday, April 24th. This represents a yield of 6.18%. Legal & General Group's dividend payout ratio is presently 387.68%.
Legal & General Group announced that its board has initiated a share buyback program on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 265 ($3.42) price objective on shares of Legal & General Group in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.44).
View Our Latest Stock Analysis 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.
Further Reading
Before you consider Legal & General Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legal & General Group wasn't on the list.
While Legal & General Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
