Legal & General Group (LON:LGEN) Announces Earnings Results

Legal & General Group (LON:LGEN) announced its earnings results on Wednesday. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%.

Legal & General Group Trading Down 1.7 %

Shares of LGEN stock opened at GBX 240.76 ($3.12) on Wednesday. The stock has a market cap of £14.11 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 1 year low of GBX 211.40 ($2.74) and a 1 year high of GBX 266.20 ($3.45). The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The stock has a 50 day simple moving average of GBX 237.01 and a 200 day simple moving average of GBX 229.13.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LGEN shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.43) price objective on shares of Legal & General Group in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on shares of Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.82) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Legal & General Group has an average rating of “Moderate Buy” and an average target price of GBX 267 ($3.46).

Insiders Place Their Bets

In other Legal & General Group news, insider Henrietta Baldock purchased 1,046 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of GBX 236 ($3.06) per share, for a total transaction of £2,468.56 ($3,195.96). Also, insider John Kingman acquired 677 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 243 ($3.15) per share, with a total value of £1,645.11 ($2,129.87). Insiders have purchased a total of 3,455 shares of company stock worth $822,935 in the last 90 days. Company insiders own 0.88% of the company’s stock.

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.