Legal & General Group Plc (LON:LGEN – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 279 ($3.64).
A number of equities analysts have commented on LGEN shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 245 ($3.20) target price on shares of Legal & General Group in a research note on Thursday, August 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 285 ($3.72) price target on shares of Legal & General Group in a research report on Wednesday, July 17th.
Get Our Latest Report on Legal & General Group
Legal & General Group Stock Down 0.1 %
Legal & General Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were given a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, August 22nd. Legal & General Group’s dividend payout ratio is presently 42,000.00%.
Insider Buying and Selling
In other news, insider Henrietta Baldock bought 1,058 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of GBX 230 ($3.00) per share, for a total transaction of £2,433.40 ($3,177.59). In related news, insider John Kingman purchased 726 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were bought at an average cost of GBX 226 ($2.95) per share, for a total transaction of £1,640.76 ($2,142.54). Also, insider Henrietta Baldock acquired 1,058 shares of Legal & General Group stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of GBX 230 ($3.00) per share, with a total value of £2,433.40 ($3,177.59). Insiders bought 2,966 shares of company stock worth $671,002 over the last 90 days. 0.88% of the stock is owned by insiders.
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.
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