Legal & General Group (LON:LGEN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

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 - )'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 244.37 ($3.25) and traded as high as GBX 259.43 ($3.45). Legal & General Group shares last traded at GBX 258.89 ($3.44), with a volume of 16,345,142 shares trading hands.

Legal & General Group Stock Performance

The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The company has a market capitalization of £15.17 billion, a P/E ratio of 47.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The business has a 50 day moving average of GBX 253.66 and a 200-day moving average of GBX 244.54.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider Clare Bousfield bought 1,241 shares of Legal & General Group stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average cost of GBX 251 ($3.34) per share, for a total transaction of £3,114.91 ($4,139.97). Also, insider Laura Wade-Gery bought 973 shares of Legal & General Group stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of GBX 256 ($3.40) per share, with a total value of £2,490.88 ($3,310.58). Insiders purchased a total of 32,240 shares of company stock worth $8,241,637 in the last 90 days. 0.88% of the stock is owned by company insiders.

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.

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