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

Legal & General Group Plc (LON:LGEN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 240.77 ($3.25) and traded as high as GBX 252.80 ($3.41). Legal & General Group shares last traded at GBX 250.90 ($3.38), with a volume of 16,126,016 shares changing hands.

Legal & General Group Trading Up 0.5%

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 stock has a market capitalization of £14.82 billion, a price-to-earnings ratio of 46.67, a PEG ratio of 2.34 and a beta of 1.31. The business has a 50 day simple moving average of GBX 248.63 and a 200-day simple moving average of GBX 241.15.

Insider Buying and Selling

In other news, insider Laura Wade-Gery purchased 2,471 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of GBX 256 ($3.45) per share, for a total transaction of £6,325.76 ($8,533.33). Also, insider George Lewis purchased 3,761 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price of GBX 256 ($3.45) per share, for a total transaction of £9,628.16 ($12,988.21). Over the last quarter, insiders purchased 30,677 shares of company stock valued at $7,817,889. Corporate 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.