Legal & General Group Plc (LON:LGEN) Insider Henrietta Baldock Acquires 1,026 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Henrietta Baldock purchased 1,026 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of GBX 237 ($2.98) per share, for a total transaction of £2,431.62 ($3,054.42).

Henrietta Baldock also recently made the following trade(s):

• On Tuesday, April 2nd, Henrietta Baldock purchased 958 shares of Legal & General Group stock. The stock was bought at an average price of GBX 254 ($3.19) per share, for a total transaction of £2,433.32 ($3,056.55).
• On Friday, March 1st, Henrietta Baldock purchased 992 shares of Legal & General Group stock. The stock was bought at an average price of GBX 245 ($3.08) per share, for a total transaction of £2,430.40 ($3,052.88).

Legal & General Group Stock Performance

Shares of LON:LGEN opened at GBX 235.30 ($2.96) on Thursday. The company’s 50 day moving average price is GBX 246.71 and its two-hundred day moving average price is GBX 239.89. Legal & General Group Plc has a 12-month low of GBX 203.10 ($2.55) and a 12-month high of GBX 259 ($3.25). The firm has a market cap of £14.07 billion, a PE ratio of 3,361.43, a PEG ratio of 2.34 and a beta of 1.34. The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51.

Legal & General Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 289 ($3.63) price target on shares of Legal & General Group in a research note on Friday, March 8th. Barclays decreased their target price on shares of Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 307.80 ($3.87).

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.