John Kingman Purchases 726 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman acquired 726 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was acquired at an average price of GBX 226 ($3.02) per share, with a total value of £1,640.76 ($2,194.70).

Legal & General Group Stock Down 0.5 %

Shares of LGEN opened at GBX 224.30 ($3.00) on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The firm has a market cap of £13.10 billion, a P/E ratio of 4,486.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company’s 50-day moving average price is GBX 225.73 and its 200 day moving average price is GBX 236.69. Legal & General Group Plc has a 12-month low of GBX 203.10 ($2.72) and a 12-month high of GBX 259 ($3.46).

Legal & General Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were issued a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a dividend yield of 2.77%. Legal & General Group’s dividend payout ratio is currently 42,000.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LGEN. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 285 ($3.81) price objective on shares of Legal & General Group in a research report on Wednesday, July 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 289 ($3.87) target price on shares of Legal & General Group in a research report on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 245 ($3.28) target price on shares of Legal & General Group in a report on Thursday, August 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 255 ($3.41) price target on shares of Legal & General Group in a report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Legal & General Group from GBX 300 ($4.01) to GBX 275 ($3.68) and set a “buy” rating on the stock in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 279 ($3.73).

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.