Legal & General Group (LON:LGEN) Announces Earnings Results

Key Points

• Legal & General reported quarterly earnings of GBX 2.89 EPS, with a return on equity of 7.79% and a net margin of 0.67%, signaling modest profitability.
• The stock opened at GBX 248 (up 0.5%), has a market cap of £13.96 billion and a high valuation with a P/E of 55.61; its 52-week range is GBX 206.80–266.20 and debt-to-equity stands at 155.18.
• Insider purchases were reported (7,744 shares bought recently, including transactions by Ric Lewis and John Kingman), while analyst coverage is mixed — the consensus is a "Hold" with an average price target of GBX 257.25.

Legal & General Group (LON:LGEN - Get Free Report) issued its earnings results on Monday. The financial services provider reported GBX 2.89 earnings per share (EPS) for the quarter, reports. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%.

Legal & General Group Stock Up 0.5%

Shares of Legal & General Group stock opened at GBX 248 on Monday. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. Legal & General Group has a 52-week low of GBX 206.80 and a 52-week high of GBX 266.20. The company's 50 day moving average price is GBX 241.24 and its 200-day moving average price is GBX 247.07. The stock has a market capitalization of £13.96 billion, a price-to-earnings ratio of 55.61, a P/E/G ratio of 2.34 and a beta of 1.31.

Insider Activity

In other news, insider Ric Lewis purchased 928 shares of the company's stock in a transaction on Monday, December 1st. The stock was acquired at an average price of GBX 244 per share, with a total value of £2,264.32. Also, insider John Kingman purchased 674 shares of the business's stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 244 per share, for a total transaction of £1,644.56. Over the last quarter, insiders have purchased 7,744 shares of company stock valued at $1,878,362. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LGEN has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a "buy" rating in a report on Friday, October 10th. Royal Bank Of Canada lifted their target price on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an "underperform" rating in a research report on Monday, November 3rd. Finally, Peel Hunt reissued an "add" rating and issued a GBX 255 price target on shares of Legal & General Group in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 257.25.

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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