Legal & General Group - LGEN Share Forecast, Price & News

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI). The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products; lifetime mortgages; lifetime care plans; retirement interest only mortgages; and workplace savings scheme that provides corporate pension scheme solutions. 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. The LGC segment provides investment strategy and implementation, and direct investment and structuring services. The LGI segment offers protection products, such as health, disability, critical illness, and accident; individual term assurance; reinsurance; savings and death benefits; and annuities. It is also involved in the unit trust and institutional fund management, mortgage finance, treasury, building project and modular housing development, general insurance, and open-ended investment businesses. In addition, the company engages in the investment, operation, management, trading, and letting and operation of leased real estate; and construction of commercial buildings, financial intermediation, pension tracing and transfer, insurance agents and brokers, fund general partner, commercial lending, venture capital investing, contractual scheme, investor alternative investment fund, collective asset-management, and investment management activities; and provision of investment advisory, business information consultancy, and technology services. Legal & General Group Plc was founded in 1836 and is headquartered in London, the United Kingdom.

Legal & General Group Stock Performance

LGEN Stock traded down GBX 1 ($0.01) on Friday, hitting GBX 269.60 ($3.26). The company had a trading volume of 9,051,950 shares, compared to its average volume of 14,403,242. The stock's 50-day simple moving average is GBX 254.19 and its 200 day simple moving average is GBX 261.01. The stock has a market cap of £16.10 billion and a price-to-earnings ratio of 795.88. Legal & General Group has a 12-month low of GBX 225.49 ($2.72) and a 12-month high of GBX 309.90 ($3.74). The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 452.13.

Legal & General Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 26th. Shareholders of record on Thursday, August 18th will be given a GBX 5.44 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 2%. Legal & General Group's dividend payout ratio (DPR) is 52.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LGEN. JPMorgan Chase & Co. upgraded Legal & General Group to an "overweight" rating and upped their price objective for the company from GBX 325 ($3.93) to GBX 365 ($4.41) in a report on Monday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 330 ($3.99) target price on shares of Legal & General Group in a research note on Wednesday, August 10th. Barclays reaffirmed an "overweight" rating and issued a GBX 380 ($4.59) target price on shares of Legal & General Group in a report on Monday, August 8th. Morgan Stanley reissued an "equal weight" rating on shares of Legal & General Group in a report on Wednesday, May 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 310 ($3.75) target price on shares of Legal & General Group in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Legal & General Group has an average rating of "Moderate Buy" and an average price target of GBX 343.17 ($4.15).

Insider Transactions at Legal & General Group

In other news, insider Henrietta Baldock acquired 921 shares of Legal & General Group stock in a transaction that occurred on Friday, July 1st. The stock was purchased at an average price of GBX 242 ($2.92) per share, for a total transaction of £2,228.82 ($2,693.11). In other Legal & General Group news, insider John Kingman purchased 643 shares of the firm's stock in a transaction dated Wednesday, June 1st. The shares were purchased at an average cost of GBX 259 ($3.13) per share, with a total value of £1,665.37 ($2,012.29). Also, insider Henrietta Baldock acquired 921 shares of the business's stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average price of GBX 242 ($2.92) per share, with a total value of £2,228.82 ($2,693.11). In the last quarter, insiders acquired 22,667 shares of company stock valued at $5,853,633.