Legal & General Group Plc (LON:LGEN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 239.85 ($3.27) and traded as high as GBX 256.81 ($3.50). Legal & General Group shares last traded at GBX 255.52 ($3.49), with a volume of 9,792,937 shares traded.
Legal & General Group Trading Down 0.5%
The business's 50-day moving average price is GBX 247.16 and its 200 day moving average price is GBX 240.23. 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 firm has a market capitalization of £14.62 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.34 and a beta of 1.31.
Legal & General Group declared that its board has approved a share repurchase 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 an indication that the company's management believes its stock is undervalued.
Insider Buying and Selling at Legal & General Group
In related news, insider Jeff Davies sold 94,803 shares of Legal & General Group stock in a transaction on Saturday, April 19th. The shares were sold at an average price of GBX 248 ($3.38), for a total value of £235,111.44 ($320,796.07). Also, insider George Lewis purchased 3,761 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of GBX 256 ($3.49) per share, with a total value of £9,628.16 ($13,137.07). In the last quarter, insiders acquired 30,677 shares of company stock valued at $7,817,889. 0.88% of the stock is owned by company insiders.
Legal & General Group Company Profile
(
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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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