Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Purchases 1,159 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Laura Wade-Gery purchased 1,159 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of GBX 235 ($3.12) per share, for a total transaction of £2,723.65 ($3,613.23).

Legal & General Group Stock Up 0.9 %

LGEN opened at GBX 237.82 ($3.15) on Friday. The stock has a market cap of £13.94 billion, a P/E ratio of 43.90, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 12 month low of GBX 206.80 ($2.74) and a 12 month high of GBX 266.20 ($3.53). The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The stock’s 50 day moving average price is GBX 239.94 and its 200 day moving average price is GBX 232.74.

Legal & General Group (LON:LGEN) last announced 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 return on equity of 7.79% and a net margin of 0.67%. As a group, research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group announced that its board has approved a share repurchase plan on Wednesday, March 12th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Legal & General Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be given a GBX 15.36 ($0.20) dividend. This is a positive change from Legal & General Group’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 6.18%. Legal & General Group’s dividend payout ratio (DPR) is 387.68%.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.52) target price on shares of Legal & General Group in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 267 ($3.54).

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.