Shares of Legal & General Group Plc (LON:LGEN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 229.86 ($2.97) and traded as high as GBX 248.80 ($3.21). Legal & General Group shares last traded at GBX 244.30 ($3.15), with a volume of 17,441,053 shares.
Analysts Set New Price Targets
Several equities analysts recently commented on LGEN shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 265 ($3.42) price objective on shares of Legal & General Group in a research report on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of Legal & General Group from GBX 290 ($3.74) to GBX 295 ($3.81) and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "top pick" rating on shares of Legal & General Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 267 ($3.45).
Read Our Latest Research Report on LGEN
Legal & General Group Price Performance
The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock's 50 day moving average price is GBX 239.72 and its two-hundred day moving average price is GBX 229.96. The stock has a market cap of £14.26 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.
Legal & General Group (LON:LGEN - Get Free Report) last posted its earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities research analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.
Legal & General Group Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 15.36 ($0.20) per share. This is a positive change from Legal & General Group's previous dividend of $6.00. This represents a dividend yield of 6.18%. The ex-dividend date is Thursday, April 24th. Legal & General Group's dividend payout ratio is presently 387.68%.
Legal & General Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 12th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling
In other Legal & General Group news, insider António Simões sold 197,279 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of GBX 244 ($3.15), for a total transaction of £481,360.76 ($621,591.89). Also, insider Henrietta Baldock purchased 1,046 shares of the stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of GBX 236 ($3.05) per share, for a total transaction of £2,468.56 ($3,187.71). In the last 90 days, insiders acquired 23,455 shares of company stock valued at $5,642,935. 0.88% of the stock is owned by company insiders.
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.
Featured Stories
Before you consider Legal & General Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legal & General Group wasn't on the list.
While Legal & General Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
