Legal & General Group PLC (OTCMKTS:LGGNY - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,900 shares, a drop of 64.8% from the August 31st total of 28,100 shares. Based on an average daily trading volume, of 165,300 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 165,300 shares, the short-interest ratio is presently 0.1 days.
Legal & General Group Trading Down 1.3%
Shares of LGGNY traded down $0.20 during mid-day trading on Thursday, reaching $15.78. 9,912 shares of the company's stock traded hands, compared to its average volume of 75,585. The stock's 50-day moving average is $16.72 and its two-hundred day moving average is $16.50. Legal & General Group has a 12 month low of $13.51 and a 12 month high of $17.99.
Legal & General Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, August 25th will be issued a dividend of $0.3816 per share. The ex-dividend date is Friday, August 22nd. This represents a yield of 773.0%.
Wall Street Analyst Weigh In
LGGNY has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered Legal & General Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 22nd. UBS Group lowered shares of Legal & General Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, The Goldman Sachs Group lowered Legal & General Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".
Get Our Latest Stock Analysis on LGGNY
About Legal & General Group
(
Get Free Report)
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Legal & General Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legal & General Group wasn't on the list.
While Legal & General Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
