Legal & General Group Plc (LON:LGEN) Insider Acquires £49,700.36 in Stock

Legal & General Group Plc (LON:LGEN - Get Free Report) insider Clare Bousfield bought 20,369 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of GBX 244 ($3.17) per share, for a total transaction of £49,700.36 ($64,537.54).

Legal & General Group Price Performance

LGEN traded down GBX 6.34 ($0.08) during trading on Thursday, reaching GBX 238.16 ($3.09). The stock had a trading volume of 54,913,621 shares, compared to its average volume of 18,432,775. The stock has a market cap of £13.96 billion, a PE ratio of 43.97, a PEG 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 one year low of GBX 211.40 ($2.75) and a one year high of GBX 266.20 ($3.46). The business has a 50-day moving average of GBX 241.81 and a 200-day moving average of GBX 231.03.

Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, equities research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its board has approved a stock buyback plan on Wednesday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

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Legal & General Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th will be given a GBX 15.36 ($0.20) dividend. This represents a yield of 6.18%. The ex-dividend date is Thursday, April 24th. This is an increase from Legal & General Group's previous dividend of $6.00. Legal & General Group's payout ratio is 387.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Legal & General Group from GBX 290 ($3.77) to GBX 295 ($3.83) and gave the stock an "overweight" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reissued a "top pick" rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 265 ($3.44) price objective on shares of Legal & General Group in a report on Monday, February 24th. Two 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 267 ($3.47).

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.