Legal & General Group (LON:LGEN) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Legal & General Group's stock price has **crossed above** its **200-day moving average**, indicating a potential bullish trend, with shares trading at GBX 258.89 ($3.44).
• The company has a **market capitalization** of **£15.17 billion** and notable ratios including a **P/E ratio of 47.77** and a debt-to-equity ratio of **155.18**.
• Insiders have shown confidence in the company by purchasing a total of **32,240 shares** worth over **$8 million** in the last 90 days.

Legal & General Group Plc (LON:LGEN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 244.37 ($3.29) and traded as high as GBX 259.43 ($3.49). Legal & General Group shares last traded at GBX 258.89 ($3.48), with a volume of 16,345,142 shares changing hands.

Legal & General Group Trading Up 0.4%

The firm has a market cap of £15.00 billion, a PE ratio of 47.26, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The business has a fifty day moving average price of GBX 254.60 and a 200 day moving average price of GBX 245.05.

Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider John Kingman purchased 643 shares of Legal & General Group stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of GBX 255 ($3.43) per share, with a total value of £1,639.65 ($2,205.31). Also, insider Ric Lewis purchased 1,030 shares of Legal & General Group stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of GBX 256 ($3.44) per share, with a total value of £2,636.80 ($3,546.47). Insiders acquired 32,240 shares of company stock worth $8,241,637 in the last ninety days. Company insiders own 0.88% of the company's stock.

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.