Jeff Davies Sells 22,267 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 22,267 shares of the company’s stock in a transaction that occurred on Saturday, April 13th. The stock was sold at an average price of GBX 248 ($3.09), for a total value of £55,222.16 ($68,744.13).

Jeff Davies also recently made the following trade(s):

• On Tuesday, April 16th, Jeff Davies sold 220,906 shares of Legal & General Group stock. The stock was sold at an average price of GBX 243 ($3.03), for a total value of £536,801.58 ($668,245.46).

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 245 ($3.05) on Friday. The business’s 50-day moving average price is GBX 245.92 and its 200-day moving average price is GBX 238.11. Legal & General Group Plc has a 12 month low of GBX 203.10 ($2.53) and a 12 month high of GBX 259 ($3.22). The firm has a market capitalization of £14.65 billion, a price-to-earnings ratio of 3,500.00, a PEG ratio of 2.34 and a beta of 1.34. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51.

Legal & General Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be paid a GBX 14.63 ($0.18) dividend. This is a positive change from Legal & General Group’s previous dividend of $5.71. This represents a dividend yield of 5.96%. The ex-dividend date is Thursday, April 25th. Legal & General Group’s payout ratio is currently 28,571.43%.

Wall Street Analysts Forecast Growth

LGEN has been the topic of a number of research analyst reports. Barclays dropped their price target on Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 289 ($3.60) price objective on shares of Legal & General Group in a research report on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 307.80 ($3.83).

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.