Legal & General Group (LON:LGEN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Legal & General Group's stock has surpassed its 200-day moving average, trading at GBX 255 ($3.44) amidst a significant volume of 38,023,695 shares.
• Recent analyst ratings have seen offerings ranging from "Strong Buy" to "Sell", with JPMorgan chasing a price target reduction from GBX 290 to GBX 275.
• Insider transactions indicate mixed sentiment, with one insider selling 186,737 shares while another acquired 643 shares in recent trades.

Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 246.81 ($3.34) and traded as high as GBX 256 ($3.47). Legal & General Group shares last traded at GBX 255 ($3.45), with a volume of 38,023,695 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LGEN. JPMorgan Chase & Co. lowered Legal & General Group to a "neutral" rating and reduced their price target for the company from GBX 290 to GBX 275 in a report on Wednesday, August 13th. Royal Bank Of Canada reduced their price target on Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating for the company in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 246.67.

Legal & General Group Price Performance

The stock has a 50 day moving average of GBX 255.19 and a two-hundred day moving average of GBX 247.08. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market capitalization of £13.86 billion, a P/E ratio of 8,579.69, 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 Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Sell-side analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Legal & General Group news, insider George Lewis purchased 3,761 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of GBX 256 per share, with a total value of £9,628.16. Also, insider John Kingman purchased 10,121 shares of the company's stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of GBX 256 per share, for a total transaction of £25,909.76. Insiders purchased 33,261 shares of company stock worth $8,482,672 in the last three months. 0.57% of the stock is 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.