John Kingman Acquires 10,121 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman bought 10,121 shares of Legal & General Group stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of GBX 256 ($3.46) per share, with a total value of £25,909.76 ($35,051.08).

John Kingman also recently made the following trade(s):

• On Monday, June 2nd, John Kingman bought 654 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 251 ($3.40) per share, with a total value of £1,641.54 ($2,220.70).

Legal & General Group Price Performance

Shares of LGEN opened at GBX 256.10 ($3.46) on Friday. The business’s 50-day moving average is GBX 239.89 and its two-hundred day moving average is GBX 236.68. The company has a market capitalization of £15.01 billion, a P/E ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. Legal & General Group Plc has a fifty-two week low of GBX 206.80 ($2.80) and a fifty-two week high of GBX 266.20 ($3.60).

Legal & General Group (LON:LGEN) last announced its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th were given a dividend of GBX 15.36 ($0.21) per share. This is an increase from Legal & General Group’s previous dividend of $6.00. This represents a yield of 6.18%. The ex-dividend date of this dividend was Thursday, April 24th. Legal & General Group’s dividend payout ratio (DPR) is currently 387.68%.

Legal & General Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.58) target price on shares of Legal & General Group in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 267 ($3.61).

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.