Legal & General Group (LON:LGEN) Insider Jeff Davies Sells 186,737 Shares

Key Points

• Insider Jeff Davies sold 186,737 shares of Legal & General Group Plc at an average price of GBX 260 ($3.53), totaling approximately £485,516 ($659,310).
• The company's stock rose by 1.4% to reach GBX 263 ($3.57), with a current market capitalization of £15.41 billion.
• Recent ratings from analysts have downgraded Legal & General Group, with JPMorgan Chase & Co. decreasing their price target from GBX 290 to GBX 275, and Royal Bank Of Canada lowering it further to GBX 200.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies sold 186,737 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 260, for a total value of £485,516.20.

Jeff Davies also recently made the following trade(s):

• On Friday, August 1st, Jeff Davies bought 76 shares of Legal & General Group stock. The stock was bought at an average price of GBX 255 per share, with a total value of £193.80.
• On Tuesday, July 1st, Jeff Davies purchased 75 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 256 per share, with a total value of £192.

Legal & General Group Price Performance

Shares of LGEN traded down GBX 0.10 during trading hours on Tuesday, reaching GBX 258.60. 27,582,861 shares of the company's stock traded hands, compared to its average volume of 20,276,650. The stock has a market cap of £15.16 billion, a PE ratio of 47.74, a price-to-earnings-growth 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. The firm's 50 day simple moving average is GBX 255.24 and its 200-day simple moving average is GBX 246.23. Legal & General Group Plc has a 12 month low of GBX 2.57 and a 12 month high of GBX 266.20.

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Analyst Ratings Changes

LGEN has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Legal & General Group to a "neutral" rating and dropped their target price for the stock from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. Royal Bank Of Canada dropped their target price on Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 246.67.

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.