Shares of 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 240.77 ($3.27) and traded as high as GBX 252.80 ($3.43). Legal & General Group shares last traded at GBX 250.90 ($3.41), with a volume of 16,126,016 shares traded.
Legal & General Group Trading Up 0.2%
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 248.02 and its two-hundred day moving average is GBX 240.77. The firm has a market cap of £14.74 billion, a P/E ratio of 46.43, a P/E/G ratio of 2.34 and a beta of 1.31.
Legal & General Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 12th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Insiders Place Their Bets
In related news, insider John Kingman acquired 9,061 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of GBX 257 ($3.49) per share, for a total transaction of £23,286.77 ($31,635.33). Also, insider George Lewis bought 3,761 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of GBX 256 ($3.48) per share, with a total value of £9,628.16 ($13,079.96). Insiders have acquired 30,677 shares of company stock valued at $7,817,889 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.
About Legal & General Group
(
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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.
Further Reading
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