Legal & General Group Plc (LON:LGEN - Get Free Report) insider Jeff Davies bought 80 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average price of GBX 245 ($3.16) per share, for a total transaction of £196 ($252.64).
Legal & General Group Trading Down 4.5 %
Legal & General Group stock traded down GBX 10.61 ($0.14) during midday trading on Friday, hitting GBX 226.69 ($2.92). 43,320,484 shares of the stock were exchanged, compared to its average volume of 18,355,598. The stock's 50-day simple moving average is GBX 241.72 and its 200 day simple moving average is GBX 231.09. Legal & General Group Plc has a fifty-two week low of GBX 211.40 ($2.72) and a fifty-two week high of GBX 266.20 ($3.43). 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 market capitalization of £13.29 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 2.34 and a beta of 1.31.
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) earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, equities analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group announced that its board has initiated a share buyback program on Wednesday, March 12th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Legal & General Group Increases Dividend
The company 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 is an increase from Legal & General Group's previous dividend of $6.00. This represents a yield of 6.18%. The ex-dividend date is Thursday, April 24th. Legal & General Group's payout ratio is currently 387.68%.
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 265 ($3.42) price objective on shares of Legal & General Group in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 267 ($3.44).
View Our Latest Stock Analysis on LGEN
Legal & General Group Company Profile
(
Get Free Report)
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.
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