Mark Jordy Purchases 1,040 Shares of Legal & General Group (LON:LGEN) Stock

Key Points

• Insider buying: Mark Jordy bought 1,040 shares of Legal & General on May 1 at GBX 253, adding to earlier purchases (993 shares on Feb 2 at GBX 265 and 986 shares on Mar 2 at GBX 267), reflecting repeated director buying.
• Shares trade around GBX 255 (midday GBX 254.90) with a market cap of £14.31bn; analysts have an average "Hold" rating and a consensus target of GBX 261.67, and the board announced a stock repurchase plan on March 11.

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy bought 1,040 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of GBX 253 per share, with a total value of £2,631.20.

Mark Jordy also recently made the following trade(s):

• On Monday, March 2nd, Mark Jordy purchased 986 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 267 per share, for a total transaction of £2,632.62.
• On Monday, February 2nd, Mark Jordy purchased 993 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 265 per share, for a total transaction of £2,631.45.

Legal & General Group Price Performance

Shares of LON LGEN traded up GBX 3.20 during midday trading on Friday, hitting GBX 254.90. 1,569,091,375 shares of the company's stock were exchanged, compared to its average volume of 60,864,945. Legal & General Group Plc has a twelve month low of GBX 217.20 and a twelve month high of GBX 279.50. The company has a market cap of £14.31 billion, a PE ratio of 26.17, a P/E/G ratio of 2.34 and a beta of 0.81. The firm's fifty day simple moving average is GBX 255.54 and its 200-day simple moving average is GBX 253.97.

Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. Equities analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Legal & General Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LGEN shares. Royal Bank Of Canada lifted their price target on Legal & General Group from GBX 205 to GBX 220 and gave the company an "underperform" rating in a research note on Monday, March 23rd. Berenberg Bank restated a "buy" rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday. The Goldman Sachs Group lifted their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the stock a "neutral" rating in a report on Wednesday, January 21st. Finally, Citigroup lifted their price objective on Legal & General Group from GBX 243 to GBX 249 and gave the stock a "neutral" rating in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of GBX 261.67.

Key Headlines Impacting Legal & General Group

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Multiple insider purchases by senior directors (Sir John Kingman, Mark Jordy, Ric Lewis, Laura Wade-Gery) — insider buying signals management confidence and often supports the share price; purchases were at ~GBX 253. Legal & General Discloses Routine Share Purchases by Non-Executive Directors
• Positive Sentiment: Berenberg reaffirmed a "buy" rating and set a GBX 308 price target — analyst support and a materially higher target vs. current levels can attract buyers. Broker Views / Berenberg Rating
• Positive Sentiment: Media note highlighting Legal & General's strong dividend (reported ~8.8% yield in recent write-ups) — income-focused investors may be adding exposure given high yield vs. FTSE peers. Legal And General Share Price: The 8.8% Dividend That’s Quietly Beating the FTSE
• Positive Sentiment: Share buyback reporting / voting-rights update indicates active capital management — buybacks reduce float and are typically supportive for the share price. Legal & General Updates Share Capital and Voting Rights After Buyback
• Neutral Sentiment: TPFG acquired a 25% stake in Meridian HoldCo (parent of L&G Surveying Services) — strategic partner activity could create optionality but impact on group earnings is indirect. TPFG Takes Strategic Stake in Legal & General Surveying Services Parent
• Neutral Sentiment: Admission of new shares under the sharesave scheme was announced (137,479 shares admitted) — routine employee scheme issuance that slightly increases free float but is small in scale. Legal & General Adds Sharesave Scheme Stock to London Listing
• Negative Sentiment: Small dilution from admitted shares / share-capital movements — while minor, any increase in share count offsets some buyback support and can be seen as modestly negative by short-term traders. Legal & General Updates Share Capital and Voting Rights After Buyback

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.

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