Legal & General Group Plc (LON:LGEN - Get Free Report) insider Ric Lewis purchased 1,050 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was bought at an average price of GBX 251 ($3.40) per share, for a total transaction of £2,635.50 ($3,571.62).
Legal & General Group Stock Performance
LGEN stock traded up GBX 1.06 ($0.01) during midday trading on Thursday, reaching GBX 255.66 ($3.46). The stock had a trading volume of 75,996,891 shares, compared to its average volume of 22,708,273. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a fifty day simple moving average of GBX 239.34 and a two-hundred day simple moving average of GBX 236.15. The stock has a market cap of £14.98 billion, a PE ratio of 47.20, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 52-week low of GBX 206.80 ($2.80) and a 52-week high of GBX 266.20 ($3.61).
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, equities research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be issued a GBX 15.36 ($0.21) dividend. The ex-dividend date is Thursday, April 24th. This is an increase from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. Legal & General Group's payout ratio is presently 387.68%.
Legal & General Group announced that its Board of Directors has approved a share repurchase program on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 265 ($3.59) price target on shares of Legal & General Group in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 267 ($3.62).
Check Out Our Latest Research Report on Legal & General Group
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.
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