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

Key Points

• Legal & General Group reported a quarterly earnings per share (EPS) of GBX 4.48 ($0.06) with a return on equity of 7.79%.
• The company's stock opened at GBX 256.54 ($3.45) and has seen a 1-year range between GBX 206.80 ($2.78) and GBX 266.20 ($3.58).
• Insiders have purchased a total of 32,240 shares valued at over $8.2 million in the last 90 days, indicating insider confidence in the company's future.

Legal & General Group (LON:LGEN - Get Free Report) issued its earnings results on Wednesday. The financial services provider reported GBX 4.48 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%.

Legal & General Group Stock Performance

LGEN traded up GBX 0.40 ($0.01) during trading on Tuesday, hitting GBX 260 ($3.49). 17,366,758 shares of the company traded hands, compared to its average volume of 20,360,713. The firm has a market cap of £15.24 billion, a P/E ratio of 48.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The stock's fifty day moving average is GBX 254.77 and its 200 day moving average is GBX 245.37. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group has a one year low of GBX 206.80 ($2.78) and a one year high of GBX 266.20 ($3.58).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered their price objective on shares of Legal & General Group from GBX 220 ($2.96) to GBX 200 ($2.69) and set an "underperform" rating on the stock in a report on Tuesday.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider Laura Wade-Gery bought 2,471 shares of the business's stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of GBX 256 ($3.44) per share, for a total transaction of £6,325.76 ($8,496.66). Also, insider Clare Bousfield bought 1,241 shares of the business's stock in a transaction on Friday, June 13th. The shares were acquired at an average price of GBX 251 ($3.37) per share, with a total value of £3,114.91 ($4,183.90). Insiders have purchased 32,240 shares of company stock valued at $8,241,637 in the last 90 days. 0.88% of the stock is currently owned by company insiders.

About Legal & General Group

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.