Andrew Kail Purchases 78 Shares of Legal & General Group (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Andrew Kail bought 78 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of GBX 287 per share, for a total transaction of £223.86.

Andrew Kail also recently made the following trade(s):

• On Monday, June 1st, Andrew Kail purchased 82 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 268 per share, with a total value of £219.76.
• On Friday, May 1st, Andrew Kail acquired 87 shares of Legal & General Group stock. The shares were bought at an average price of GBX 254 per share, for a total transaction of £220.98.
• On Monday, April 20th, Andrew Kail sold 204,858 shares of Legal & General Group stock. The stock was sold at an average price of GBX 271, for a total value of £555,165.18.
• On Tuesday, April 7th, Andrew Kail sold 85,011 shares of Legal & General Group stock. The stock was sold at an average price of GBX 255, for a total value of £216,778.05.

Legal & General Group Price Performance

LGEN traded up GBX 2.11 during midday trading on Thursday, hitting GBX 288.51. The stock had a trading volume of 15,934,198 shares, compared to its average volume of 35,909,270. The company has a market cap of £15.83 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Legal & General Group Plc has a 1 year low of GBX 217.20 and a 1 year high of GBX 302.30. The company has a debt-to-equity ratio of 1,100.04, a quick ratio of 0.50 and a current ratio of 59.08. The business has a fifty day moving average of GBX 268.56 and a 200 day moving average of GBX 262.79.

Legal & General Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 11th 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. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on LGEN shares. Berenberg Bank reiterated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research report on Friday, May 1st. Jefferies Financial Group downgraded 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. Citigroup lifted their price objective on shares of Legal & General Group from GBX 2,490 to GBX 2,510 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada upped their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Legal & General Group currently has an average rating of “Hold” and an average target price of GBX 573.71.

Legal & General Group Company Profile

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.