Legal & General Group Plc (LON:LGEN) to Issue Dividend of GBX 15.36

Legal & General Group Plc (LON:LGEN - Get Free Report) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 15.36 ($0.20) per share by the financial services provider on Thursday, June 5th. This represents a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 156.0% increase from Legal & General Group's previous dividend of $6.00. The official announcement can be accessed at this link.

Legal & General Group Stock Up 0.1 %

LON LGEN traded up GBX 0.18 ($0.00) during trading hours on Friday, reaching GBX 237.57 ($3.16). 50,727,898 shares of the company traded hands, compared to its average volume of 21,148,395. The stock has a market capitalization of £13.92 billion, a PE ratio of 43.86, a PEG ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. Legal & General Group has a 12 month low of GBX 206.80 ($2.75) and a 12 month high of GBX 266.20 ($3.54). The company has a 50 day moving average of GBX 240.13 and a two-hundred day moving average of GBX 232.37.

Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) 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, equities analysts expect that Legal & General Group will post 24.2376446 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 265 ($3.53) target price on shares of Legal & General Group in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.56).

Insider Buying and Selling

In other news, insider António Simões sold 197,279 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of GBX 244 ($3.25), for a total value of £481,360.76 ($640,959.73). Also, insider Jeff Davies sold 94,803 shares of Legal & General Group stock in a transaction dated Saturday, April 19th. The shares were sold at an average price of GBX 248 ($3.30), for a total transaction of £235,111.44 ($313,064.50). Insiders have bought a total of 43,188 shares of company stock valued at $10,467,891 in the last quarter. Company insiders own 0.88% of the company's stock.

Legal & General Group declared that its Board of Directors 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.