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.

Analysts Set New Price Targets

LGEN has been the topic of a number of recent research reports. Berenberg Bank raised Legal & General Group to a "buy" rating and upped their price objective for the stock from GBX 343 ($4.14) to GBX 345 ($4.17) in a research report on Wednesday, July 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 310 ($3.75) price objective on shares of Legal & General Group in a research report on Thursday, August 11th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Legal & General Group in a research report on Wednesday, May 11th. JPMorgan Chase & Co. raised Legal & General Group to an "overweight" rating and upped their price objective for the stock from GBX 325 ($3.93) to GBX 365 ($4.41) in a research report on Monday, August 8th. Finally, Barclays reaffirmed an "overweight" rating and set a GBX 380 ($4.59) price objective on shares of Legal & General Group in a research report on Monday, August 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Legal & General Group has an average rating of "Moderate Buy" and a consensus target price of GBX 343.17 ($4.15).

Legal & General Group Stock Performance

Shares of LGEN traded down GBX 11.58 ($0.14) during mid-day trading on Thursday, hitting GBX 270.72 ($3.27). 12,411,830 shares of the company's stock were exchanged, compared to its average volume of 14,454,729. Legal & General Group has a fifty-two week low of GBX 225.49 ($2.72) and a fifty-two week high of GBX 309.90 ($3.74). The firm has a market capitalization of £16.16 billion and a P/E ratio of 830.29. The business's 50 day moving average is GBX 253.85 and its two-hundred day moving average is GBX 261.12. 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 firm also recently announced a dividend, which will be paid on Monday, September 26th. Stockholders of record on Thursday, August 18th will be paid a dividend of GBX 5.44 ($0.07) per share. The ex-dividend date is Thursday, August 18th. This represents a dividend yield of 2%. Legal & General Group's dividend payout ratio (DPR) is 52.41%.

Insider Transactions at Legal & General Group

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