Jeff Davies Sells 186,737 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 186,737 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of GBX 260 ($3.52), for a total value of £485,516.20 ($658,059.37).

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

• On Friday, August 1st, Jeff Davies acquired 76 shares of Legal & General Group stock. The shares were bought at an average price of GBX 255 ($3.46) per share, for a total transaction of £193.80 ($262.67).
• On Tuesday, July 1st, Jeff Davies acquired 75 shares of Legal & General Group stock. The shares were bought at an average price of GBX 256 ($3.47) per share, for a total transaction of £192 ($260.23).

Legal & General Group Trading Down 0.2%

Shares of LGEN opened at GBX 262.50 ($3.56) on Friday. Legal & General Group Plc has a 52-week low of GBX 206.80 ($2.80) and a 52-week high of GBX 266.20 ($3.61). The business’s fifty day moving average is GBX 255.22 and its 200-day moving average is GBX 245.95. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market cap of £15.38 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LGEN shares. Royal Bank Of Canada decreased their price target on Legal & General Group from GBX 220 ($2.98) to GBX 200 ($2.71) and set an “underperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered Legal & General Group to a “neutral” rating and decreased their price target for the company from GBX 290 ($3.93) to GBX 275 ($3.73) in a research note on Wednesday.

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.