Legal & General Group (LON:LGEN) Insider Purchases £1,640.08 in Stock

Key Points

• Insider John Kingman purchased 664 shares of Legal & General Group stock for a total of £1,640.08 at an average cost of GBX 247 per share on September 1st.
• The stock has seen a 1.1% decline reaching GBX 245.38 during recent trading, with a market cap of £13.86 billion.
• JPMorgan Chase & Co. downgraded the stock to a "neutral" rating and reduced their target price from GBX 290 to GBX 275, reflecting mixed analyst ratings overall.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider John Kingman purchased 664 shares of Legal & General Group stock in a transaction on Monday, September 1st. The shares were purchased at an average cost of GBX 247 per share, with a total value of £1,640.08.

John Kingman also recently made the following trade(s):

• On Friday, August 1st, John Kingman purchased 643 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 255 per share, for a total transaction of £1,639.65.
• On Friday, June 6th, John Kingman purchased 9,061 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 257 per share, for a total transaction of £23,286.77.
• On Thursday, June 5th, John Kingman purchased 10,121 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 256 per share, for a total transaction of £25,909.76.

Legal & General Group Stock Down 1.1%

Shares of LON:LGEN traded down GBX 2.67 during trading on Monday, hitting GBX 245.38. 12,417,447 shares of the company were exchanged, compared to its average volume of 20,256,457. The stock has a market cap of £13.86 billion, a price-to-earnings ratio of 8,579.69, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a fifty-two week low of GBX 206.80 and a fifty-two week high of GBX 266.20. The firm has a fifty day moving average price of GBX 255.32 and a two-hundred day moving average price of GBX 247.06. 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 (LON:LGEN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. As a group, research analysts anticipate that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Legal & General Group to a "neutral" rating and reduced their target price for the stock from GBX 290 to GBX 275 in a research note on Wednesday, August 13th. Royal Bank Of Canada dropped their price target on shares of Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Legal & General Group currently has an average rating of "Moderate Buy" and an average target price of GBX 246.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.