Legal & General Group Plc (LON:LGEN - Get Free Report) insider John Kingman purchased 654 shares of Legal & General Group stock in a transaction on Monday, June 2nd. The shares were acquired at an average cost of GBX 251 ($3.40) per share, with a total value of £1,641.54 ($2,224.61).
Legal & General Group Stock Performance
Shares of LON LGEN traded up GBX 1.06 ($0.01) during mid-day trading on Thursday, hitting GBX 255.66 ($3.46). 75,996,891 shares of the company were exchanged, compared to its average volume of 22,708,273. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock has a 50 day simple moving average of GBX 239.34 and a 200-day simple moving average of GBX 236.15. Legal & General Group Plc has a 1-year low of GBX 206.80 ($2.80) and a 1-year high of GBX 266.20 ($3.61). The firm has a market cap of £14.98 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.
Legal & General Group (LON:LGEN - Get Free Report) last released its earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, sell-side analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.
Legal & General Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be given a dividend of GBX 15.36 ($0.21) per share. This represents a yield of 6.18%. The ex-dividend date is Thursday, April 24th. This is a boost from Legal & General Group's previous dividend of $6.00. Legal & General Group's dividend payout ratio (DPR) is currently 387.68%.
Legal & General Group announced that its board has approved a stock repurchase plan on Wednesday, March 12th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 ($3.59) target price 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.62).
View Our Latest Stock Analysis on LGEN
About Legal & General Group
(
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.
Read More
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
