Legal & General Group (LON:LGEN) Insider Mark Jordy Purchases 3,671 Shares of Company Stock

Key Points

• Insider Mark Jordy purchased 3,671 Legal & General shares at GBX 288 each, worth approximately £10,572, following similar purchases in August and September.
• Legal & General shares traded at GBX 285.60, down GBX 6.40, with the company valued at approximately £15.49 billion and trading at a P/E ratio of 7.97.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and an average price target of GBX 276.86, despite one broker raising its target to GBX 385 with a “buy” rating.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy bought 3,671 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of GBX 288 per share, with a total value of £10,572.48.

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

• On Tuesday, September 1st, Mark Jordy purchased 3,651 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 290 per share, for a total transaction of £10,587.90.
• On Monday, August 3rd, Mark Jordy acquired 3,494 shares of Legal & General Group stock. The stock was purchased at an average cost of GBX 303 per share, with a total value of £10,586.82.

Legal & General Group Price Performance

Shares of LGEN traded down GBX 6.40 during mid-day trading on Thursday, reaching GBX 285.60. 20,744,373 shares of the company's stock were exchanged, compared to its average volume of 37,447,480. The business's fifty day simple moving average is GBX 296.47 and its 200-day simple moving average is GBX 277.93. The stock has a market capitalization of £15.49 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. Legal & General Group Plc has a 52-week low of GBX 217.20 and a 52-week high of GBX 318.10.

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Equities research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Analysts Set New Price Targets

LGEN has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 185 price objective on shares of Legal & General Group in a research report on Wednesday, August 5th. Berenberg Bank upped their price objective on Legal & General Group from GBX 353 to GBX 385 and gave the stock a "buy" rating in a report on Thursday, August 6th. Citigroup downgraded shares of Legal & General Group to a "sell" rating and reduced their price target for the company from GBX 251 to GBX 245 in a research report on Monday, August 10th. Peel Hunt reaffirmed an "add" rating and set a GBX 320 price target on shares of Legal & General Group in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. reduced their target price on Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating on the stock in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently 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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