Legal & General Group (LON:LGEN) Stock: Insider Andrew Kail Buys 76 Shares

Key Points

• Insider buying: Andrew Kail purchased 76 Legal & General shares at GBX 288 each, worth £218.88. He also bought shares in August and September.
• Stock performance: LGEN rose 0.2% to GBX 286.24, with a £15.53 billion market capitalization and a 12-month trading range of GBX 217.20 to GBX 318.10.
• Analyst sentiment: Coverage remains cautious, with two Buy, one Hold and four Sell ratings; MarketBeat reports a consensus “Reduce” rating and an average price target of GBX 276.86.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail purchased 76 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average price of GBX 288 per share, for a total transaction of £218.88.

Andrew Kail also recently made the following trade(s):

• On Tuesday, September 1st, Andrew Kail acquired 77 shares of Legal & General Group stock. The shares were bought at an average price of GBX 289 per share, with a total value of £222.53.
• On Monday, August 3rd, Andrew Kail acquired 73 shares of Legal & General Group stock. The shares were bought at an average price of GBX 302 per share, with a total value of £220.46.

Legal & General Group Trading Up 0.2%

Legal & General Group stock traded up GBX 0.64 during mid-day trading on Friday, hitting GBX 286.24. The company had a trading volume of 12,647,029 shares, compared to its average volume of 37,351,254. Legal & General Group Plc has a 12 month low of GBX 217.20 and a 12 month high of GBX 318.10. The company has a market capitalization of £15.53 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The stock's 50 day moving average price is GBX 296.19 and its two-hundred day moving average price is GBX 278.20.

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 return on equity of 27.28% and a net margin of 0.91%. Equities research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LGEN. Peel Hunt reissued an "add" rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. Berenberg Bank increased their target price 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. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 185 target price on shares of Legal & General Group in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating for the company in a report on Thursday, August 13th. Finally, Royal Bank Of Canada restated an "underperform" rating and issued a GBX 270 price target on shares of Legal & General Group in a research note on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Legal & General Group currently has a consensus rating of "Reduce" and an average target price 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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