Legal & General Group Plc (LON:LGEN) Insider Acquires £2,431.62 in Stock

Legal & General Group Plc (LON:LGEN) insider Henrietta Baldock bought 1,026 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of GBX 237 ($2.98) per share, for a total transaction of £2,431.62 ($3,054.42).

Henrietta Baldock also recently made the following trade(s):

• On Tuesday, April 2nd, Henrietta Baldock acquired 958 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 254 ($3.19) per share, for a total transaction of £2,433.32 ($3,056.55).
• On Friday, March 1st, Henrietta Baldock acquired 992 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 245 ($3.08) per share, for a total transaction of £2,430.40 ($3,052.88).

Legal & General Group Trading Up 2.2 %

Shares of LON LGEN opened at GBX 240.90 ($3.03) on Friday. The business’s 50 day moving average is GBX 246.61 and its two-hundred day moving average is GBX 239.86. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50. Legal & General Group Plc has a 1-year low of GBX 203.10 ($2.55) and a 1-year high of GBX 259 ($3.25). The stock has a market capitalization of £14.41 billion, a P/E ratio of 3,441.43, a PEG ratio of 2.34 and a beta of 1.34.

Legal & General Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be issued a GBX 14.63 ($0.18) dividend. This is a boost from Legal & General Group’s previous dividend of $5.71. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 5.96%. Legal & General Group’s payout ratio is 28,571.43%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Barclays decreased their price target on shares of Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.63) price objective on shares of Legal & General Group in a research report on Friday, March 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 307.80 ($3.87).

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.