Legal & General Group (LON:LGEN) Insider Andrew Kail Acquires 87 Shares

Key Points

• Insider activity: Andrew Kail purchased 87 shares at GBX 254 (£220.98) on May 1, after previously selling 204,858 shares at GBX 271 on April 20 and 85,011 shares at GBX 255 on April 7.
• Shares traded down 2.6% to GBX 248.36, near its 50- and 200-day moving averages (~GBX 255/254), with a 52-week range of GBX 217.20–279.50 and a market cap of £13.94 billion.
• Analyst coverage is mixed: the consensus rating is Hold with an average price target of GBX 250.71, while individual targets range from GBX 185 (sell) to GBX 308 (buy).

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Andrew Kail acquired 87 shares of the business's stock in a transaction on Friday, May 1st. The shares were purchased at an average price of GBX 254 per share, with a total value of £220.98.

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

• On Monday, April 20th, Andrew Kail sold 204,858 shares of Legal & General Group stock. The stock was sold at an average price of GBX 271, for a total value of £555,165.18.
• On Tuesday, April 7th, Andrew Kail sold 85,011 shares of Legal & General Group stock. The stock was sold at an average price of GBX 255, for a total value of £216,778.05.

Legal & General Group Trading Down 2.6%

LON:LGEN traded down GBX 6.54 during trading hours on Tuesday, hitting GBX 248.36. 41,135,879 shares of the stock were exchanged, compared to its average volume of 42,329,625. Legal & General Group Plc has a 52-week low of GBX 217.20 and a 52-week high of GBX 279.50. The firm's fifty day moving average price is GBX 255.54 and its 200 day moving average price is GBX 254.18. The company has a market cap of £13.94 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. Equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its board has initiated a share repurchase plan on Wednesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

LGEN has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on Legal & General Group from GBX 205 to GBX 220 and gave the company an "underperform" rating in a research report on Monday, March 23rd. The Goldman Sachs Group upped their price target on Legal & General Group from GBX 249 to GBX 263 and gave the company a "neutral" rating in a research report on Wednesday, January 21st. Jefferies Financial Group lowered Legal & General Group to an "underperform" rating and set a GBX 185 price target for the company. in a research report on Tuesday. Citigroup upped their price objective on Legal & General Group from GBX 243 to GBX 249 and gave the company a "neutral" rating in a report on Tuesday, March 24th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 308 price objective on shares of Legal & General Group in a report on Friday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 250.71.

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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