Jeff Davies Sells 220,906 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of GBX 243 ($3.03), for a total transaction of £536,801.58 ($668,245.46).

Jeff Davies also recently made the following trade(s):

• On Saturday, April 13th, Jeff Davies sold 22,267 shares of Legal & General Group stock. The shares were sold at an average price of GBX 248 ($3.09), for a total transaction of £55,222.16 ($68,744.13).

Legal & General Group Trading Down 0.2 %

LON:LGEN opened at GBX 244.60 ($3.04) on Friday. Legal & General Group Plc has a twelve month low of GBX 203.10 ($2.53) and a twelve month high of GBX 259 ($3.22). The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51. The business has a 50 day moving average price of GBX 246.13 and a two-hundred day moving average price of GBX 238.31. The company has a market cap of £14.63 billion, a P/E ratio of 3,494.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34.

Legal & General Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 14.63 ($0.18) per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 5.96%. This is an increase from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s dividend payout ratio is 28,571.43%.

Analysts Set New Price Targets

Several brokerages have weighed in on LGEN. Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Barclays lowered their target price on Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.60) target price on shares of Legal & General Group in a research note on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 307.80 ($3.83).

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.