Legal & General Group (LON:LGEN) Reaches New 1-Year High on Insider Buying Activity

Legal & General Group Plc (LON:LGEN) shares hit a new 52-week high during trading on Monday following insider buying activity. The company traded as high as GBX 304 and last traded at GBX 302.73, with a volume of 13709886 shares trading hands. The stock had previously closed at GBX 300.40.

Specifically, insider Mark Jordy purchased 3,494 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of GBX 303 per share, for a total transaction of £10,586.82.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a report on Friday, May 1st. Citigroup increased their price target on shares of Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 255 price objective on shares of Legal & General Group in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group cut shares of Legal & General Group to an “underperform” rating and set a GBX 185 target price for the company. in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 256.

Legal & General Group Stock Up 0.8%

The company has a debt-to-equity ratio of 1,100.04, a current ratio of 59.08 and a quick ratio of 0.50. The stock has a 50-day moving average price of GBX 285.22 and a 200-day moving average price of GBX 268.33. The company has a market capitalization of £16.57 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.34 and a beta of 0.79.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.