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Legal & General Group (LON:LGEN) Insider Jeff Davies Purchases 80 Shares

Legal & General Group logo with Financial Services background

Key Points

  • Jeff Davies, an insider at Legal & General Group, purchased 80 shares at an average price of GBX 246, shortly after selling a significant number of shares in August.
  • The stock price of Legal & General Group has decreased by 3.2%, trading at GBX 237.53, with a 52-week range between GBX 206.80 and GBX 266.20.
  • Analysts have mixed opinions on the stock, with an average rating of "Moderate Buy" and a consensus target price of GBX 246.67.
  • MarketBeat previews top five stocks to own in October.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies acquired 80 shares of the business's stock in a transaction on Monday, September 1st. The shares were bought at an average price of GBX 246 per share, with a total value of £196.80.

Jeff Davies also recently made the following trade(s):

  • On Tuesday, August 12th, Jeff Davies sold 186,737 shares of Legal & General Group stock. The stock was sold at an average price of GBX 260, for a total transaction of £485,516.20.
  • On Friday, August 1st, Jeff Davies bought 76 shares of Legal & General Group stock. The shares were acquired at an average cost of GBX 255 per share, for a total transaction of £193.80.
  • On Tuesday, July 1st, Jeff Davies bought 75 shares of Legal & General Group stock. The shares were acquired at an average cost of GBX 256 per share, for a total transaction of £192.

Legal & General Group Stock Performance

Shares of LGEN traded down GBX 0.30 during mid-day trading on Friday, hitting GBX 234.90. 13,300,275 shares of the company's stock were exchanged, compared to its average volume of 20,312,211. The stock's 50-day simple moving average is GBX 253.76 and its 200-day simple moving average is GBX 246.84. The firm has a market cap of £13.27 billion, a price-to-earnings ratio of 5,266.82, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. 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 Plc has a 52 week low of GBX 206.80 and a 52 week high of GBX 266.20.

Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, equities research analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LGEN shares. JPMorgan Chase & Co. cut shares of Legal & General Group to a "neutral" rating and decreased their price objective for the company from GBX 290 to GBX 275 in a research note on Wednesday, August 13th. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 200 price objective on shares of Legal & General Group in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Legal & General Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 246.67.

Read Our Latest Stock Report 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.

See Also

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