Legal & General Group (LON:LGEN) Share Price Crosses Above 200 Day Moving Average of $236.14

Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 236.14 ($2.96) and traded as high as GBX 255.60 ($3.21). Legal & General Group shares last traded at GBX 254.40 ($3.19), with a volume of 11,918,157 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on LGEN. JPMorgan Chase & Co. upped their target price on Legal & General Group from GBX 290 ($3.64) to GBX 295 ($3.70) and gave the company an "overweight" rating in a report on Thursday, December 14th. Barclays reduced their price target on Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an "overweight" rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 289 ($3.63) price target on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Legal & General Group in a research note on Thursday, February 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 307.80 ($3.86).

Legal & General Group Stock Performance

The stock has a market capitalization of £15.01 billion, a PE ratio of 3,585.71, a PEG ratio of 2.34 and a beta of 1.34. The business has a 50 day moving average price of GBX 246.48 and a 200 day moving average price of GBX 236.14. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50.

Legal & General Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be paid a GBX 14.63 ($0.18) dividend. This is a boost from Legal & General Group's previous dividend of $5.71. This represents a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, April 25th. Legal & General Group's dividend payout ratio is currently 28,571.43%.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock acquired 958 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average cost of GBX 254 ($3.19) per share, with a total value of £2,433.32 ($3,054.63). In other Legal & General Group news, insider António Simões sold 81,130 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of GBX 248 ($3.11), for a total value of £201,202.40 ($252,576.45). Also, insider Henrietta Baldock bought 958 shares of the stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average cost of GBX 254 ($3.19) per share, for a total transaction of £2,433.32 ($3,054.63). Over the last three months, insiders have purchased 2,662 shares of company stock valued at $669,356. Insiders own 0.85% of the company's stock.

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.