Insider Buying: Legal & General Group (LON:LGEN) Insider Purchases 3,468 Shares of Stock

Key Points

• Insider buying: Mark Jordy purchased 3,468 Legal & General Group shares at GBX 305 each, worth approximately £10,577. He has also made similar purchases in September and October.
• Stock performance: Shares opened at GBX 304.57, with a market capitalization of £16.36 billion and a 52-week range of GBX 217.20 to GBX 318.10.
• Analyst sentiment is cautious: The stock has an average “Reduce” rating and a consensus price target of GBX 276.86, despite some analysts assigning buy or add ratings.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy purchased 3,468 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of GBX 305 per share, for a total transaction of £10,577.40.

Mark Jordy also recently made the following trade(s):

• On Thursday, October 1st, Mark Jordy purchased 3,671 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 288 per share, with a total value of £10,572.48.
• On Tuesday, September 1st, Mark Jordy purchased 3,651 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 290 per share, with a total value of £10,587.90.

Legal & General Group Stock Performance

Shares of Legal & General Group stock opened at GBX 304.57 on Tuesday. The company has a market capitalization of £16.36 billion, a P/E ratio of 8.50, a PEG ratio of 2.34 and a beta of 0.81. Legal & General Group Plc has a 1 year low of GBX 217.20 and a 1 year high of GBX 318.10. The company's fifty day moving average is GBX 294.06 and its two-hundred day moving average is GBX 277.16.

Legal & General Group (LON:LGEN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. As a group, equities analysts expect that Legal & General Group Plc will post 24.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Berenberg Bank upped their price objective on Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a research note on Thursday, August 6th. Royal Bank Of Canada reiterated an "underperform" rating and issued a GBX 270 target price on shares of Legal & General Group in a research note on Wednesday, September 2nd. Peel Hunt reissued an "add" rating and issued a GBX 320 target price on shares of Legal & General Group in a report on Tuesday, August 4th. Citigroup cut Legal & General Group to a "sell" rating and cut their price target for the stock from GBX 251 to GBX 245 in a research note on Monday, August 10th. Finally, Jefferies Financial Group restated an "underperform" rating and set a GBX 185 price target on shares of Legal & General Group in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of GBX 276.86.

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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