Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Decreases By 34.8%

Legal & General Group Plc (OTCMKTS:LGGNY) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 48,900 shares, a decrease of 34.8% from the February 28th total of 75,000 shares. Based on an average daily volume of 108,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

LGGNY has been the topic of a number of recent research reports. UBS Group raised shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upgraded shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 5th.

Legal & General Group Price Performance

Shares of LGGNY stock traded up $0.05 during trading hours on Friday, reaching $16.01. The company had a trading volume of 40,332 shares, compared to its average volume of 53,344. Legal & General Group has a twelve month low of $13.51 and a twelve month high of $16.74. The stock’s fifty day simple moving average is $15.55 and its 200 day simple moving average is $14.88.

Legal & General Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, April 25th will be given a $0.9943 dividend. This is a boost from Legal & General Group’s previous dividend of $0.36. The ex-dividend date is Friday, April 25th.

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.