Legal & General Group Plc (LON:LGEN - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 233.05 ($3.07) and traded as high as GBX 241.70 ($3.18). Legal & General Group shares last traded at GBX 239.84 ($3.16), with a volume of 52,261,047 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 265 ($3.49) target price on shares of Legal & General Group in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Legal & General Group has an average rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.52).
Get Our Latest Stock Analysis on Legal & General Group
Legal & General Group Trading Down 0.0%
The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The business's 50-day moving average is GBX 239.43 and its two-hundred day moving average is GBX 233.34. The firm has a market cap of £14.04 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.34 and a beta of 1.31.
Legal & General Group (LON:LGEN - Get Free Report) last released its earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) 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%. As a group, analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Legal & General Group Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be paid a GBX 15.36 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Legal & General Group's previous dividend of $6.00. This represents a dividend yield of 6.18%. Legal & General Group's dividend payout ratio (DPR) is currently 387.68%.
Legal & General Group announced that its board has initiated a stock buyback program on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.
Insider Activity
In related news, insider Henrietta Baldock acquired 1,016 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of GBX 243 ($3.20) per share, for a total transaction of £2,468.88 ($3,252.81). Also, insider Tushar Morzaria bought 20,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of GBX 241 ($3.18) per share, for a total transaction of £48,200 ($63,504.61). In the last ninety days, insiders have bought 43,301 shares of company stock valued at $10,493,400. 0.88% of the stock is owned by company insiders.
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.
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