Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Buys 75 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies bought 75 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of GBX 256 ($3.50) per share, for a total transaction of £192 ($262.19).

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

• On Saturday, April 19th, Jeff Davies sold 94,803 shares of Legal & General Group stock. The stock was sold at an average price of GBX 248 ($3.39), for a total value of £235,111.44 ($321,058.91).

Legal & General Group Stock Down 2.4%

Shares of LGEN opened at GBX 249.06 ($3.40) on Thursday. 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 has a market capitalization of £14.60 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 1 year low of GBX 206.80 ($2.82) and a 1 year high of GBX 266.20 ($3.64). The business’s 50 day simple moving average is GBX 246.62 and its 200-day simple moving average is GBX 239.91.

Legal & General Group announced that its board has initiated a share buyback plan on Wednesday, March 12th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Legal & General Group

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.