Legal & General Group (LON:LGEN) Insider Purchases £10,587.90 in Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy purchased 3,651 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of GBX 290 per share, for a total transaction of £10,587.90.

Mark Jordy also recently made the following trade(s):

• On Monday, August 3rd, Mark Jordy purchased 3,494 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 303 per share, with a total value of £10,586.82.
• On Wednesday, July 1st, Mark Jordy bought 3,683 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 287 per share, with a total value of £10,570.21.

Legal & General Group Stock Up 0.8%

LGEN stock opened at GBX 289.65 on Friday. Legal & General Group Plc has a 52-week low of GBX 217.20 and a 52-week high of GBX 318.10. The company’s 50-day simple moving average is GBX 295.31 and its 200-day simple moving average is GBX 273.75. The firm has a market cap of £15.82 billion, a P/E ratio of 29.74, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. On average, analysts anticipate that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LGEN shares. JPMorgan Chase & Co. decreased their price target on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research note on Thursday, August 13th. Berenberg Bank upped their target price on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. Peel Hunt reaffirmed an “add” rating and issued a GBX 320 price objective on shares of Legal & General Group in a research note on Tuesday, August 4th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 185 target price on shares of Legal & General Group in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a GBX 270 target price on shares of Legal & General Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of GBX 276.86.

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.