Legal & General Group (LON:LGEN) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200-day moving average (200‑day MA GBX 249.58), trading as high as GBX 266.80 and last at GBX 265.47 on heavy volume (~1.326 billion shares), a short-term technical bullish signal.
• Analysts are divided with a consensus rating of "Hold" and a consensus price target of GBX 258.40 (ratings split: 2 Buy, 2 Hold, 1 Sell), and recent target revisions ranging from GBX 210 to GBX 263.
• Insiders have been buying stock recently — executives including John Kingman and Laura Wade‑Gery bought shares at GBX 265, with insiders purchasing 10,913 shares (~$2.8M) over the last quarter and insider ownership at about 0.59%.

Shares of Legal & General Group Plc (LON:LGEN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 249.58 and traded as high as GBX 266.80. Legal & General Group shares last traded at GBX 265.47, with a volume of 1,326,193,000 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LGEN. Royal Bank Of Canada upped their price target on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an "underperform" rating in a research report on Monday, November 3rd. The Goldman Sachs Group raised their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the stock a "neutral" rating in a research note on Wednesday, January 21st. Finally, Peel Hunt restated an "add" rating and set a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 258.40.

Legal & General Group Trading Up 0.9%

The business's 50-day simple moving average is GBX 259.94 and its 200-day simple moving average is GBX 249.58. 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 company has a market cap of £14.95 billion, a PE ratio of 59.52, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data on Monday, December 15th. The financial services provider reported GBX 2.89 earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Insider Transactions at Legal & General Group

In other news, insider John Kingman acquired 620 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of GBX 265 per share, with a total value of £1,643. Also, insider Laura Wade-Gery acquired 944 shares of Legal & General Group stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of GBX 265 per share, with a total value of £2,501.60. Over the last quarter, insiders purchased 10,913 shares of company stock worth $2,797,634. 0.59% of the stock is currently owned by insiders.

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. 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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