Laura Wade-Gery Purchases 2,471 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Laura Wade-Gery bought 2,471 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of GBX 256 ($3.46) per share, with a total value of £6,325.76 ($8,557.58).

Laura Wade-Gery also recently made the following trade(s):

• On Monday, June 2nd, Laura Wade-Gery acquired 1,084 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 251 ($3.40) per share, with a total value of £2,720.84 ($3,680.79).
• On Thursday, May 1st, Laura Wade-Gery acquired 1,159 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 235 ($3.18) per share, for a total transaction of £2,723.65 ($3,684.59).

Legal & General Group Stock Performance

Shares of LGEN traded down GBX 1.80 ($0.02) during mid-day trading on Friday, hitting GBX 256.10 ($3.46). 17,752,551 shares of the company's stock were exchanged, compared to its average volume of 22,192,803. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a fifty-two week low of GBX 206.80 ($2.80) and a fifty-two week high of GBX 266.20 ($3.60). The business's 50 day moving average is GBX 239.66 and its two-hundred day moving average is GBX 236.30. The firm has a market capitalization of £15.01 billion, a P/E ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, equities analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group announced that its board has approved a share repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Legal & General Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th were issued a GBX 15.36 ($0.21) dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a yield of 6.18%. This is an increase from Legal & General Group's previous dividend of $6.00. Legal & General Group's dividend payout ratio (DPR) is 387.68%.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 265 ($3.58) target price on shares of Legal & General Group in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Legal & General Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.61).

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.

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