John Kingman Purchases 9,061 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN - Get Free Report) insider John Kingman acquired 9,061 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of GBX 257 ($3.48) per share, with a total value of £23,286.77 ($31,558.17).

John Kingman also recently made the following trade(s):

• On Thursday, June 5th, John Kingman acquired 10,121 shares of Legal & General Group stock. The stock was bought at an average price of GBX 256 ($3.47) per share, for a total transaction of £25,909.76 ($35,112.83).
• On Monday, June 2nd, John Kingman bought 654 shares of Legal & General Group stock. The stock was bought at an average price of GBX 251 ($3.40) per share, with a total value of £1,641.54 ($2,224.61).

Legal & General Group Stock Up 0.5%

Shares of Legal & General Group stock traded up GBX 1.27 ($0.02) during trading on Tuesday, hitting GBX 258.57 ($3.50). 21,773,510 shares of the stock were exchanged, compared to its average volume of 22,171,256. The stock has a market cap of £15.15 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The firm's 50-day moving average price is GBX 240.18 and its 200 day moving average price is GBX 237.08. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. Legal & General Group Plc has a 12-month low of GBX 206.80 ($2.80) and a 12-month high of GBX 266.20 ($3.61).

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

Legal & General Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th were paid a GBX 15.36 ($0.21) dividend. The ex-dividend date of this dividend was Thursday, April 24th. This is a positive change from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. Legal & General Group's payout ratio is currently 387.68%.

Legal & General Group declared that its board has initiated a share buyback program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 265 ($3.59) price target on shares of Legal & General Group in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Legal & General Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 267 ($3.62).

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.