Legal & General Group Plc (LGEN) to Issue Dividend of GBX 15.36 on June 5th

Legal & General Group Plc (LON:LGEN) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 15.36 ($0.21) per share by the financial services provider on Thursday, June 5th. This represents a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 156.0% increase from Legal & General Group’s previous dividend of $6.00. The official announcement can be accessed at this link.

Legal & General Group Price Performance

Shares of LON:LGEN opened at GBX 249.40 ($3.34) on Tuesday. Legal & General Group has a 12 month low of GBX 206.80 ($2.77) and a 12 month high of GBX 266.20 ($3.56). The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The stock has a market cap of £14.62 billion, a P/E ratio of 46.04, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a 50 day moving average of GBX 239.98 and a 200 day moving average of GBX 231.88.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, sell-side analysts forecast that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its board has authorized a stock buyback plan on Wednesday, March 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 265 ($3.55) price objective on shares of Legal & General Group in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Legal & General Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 267 ($3.57).

Insider Activity

In related news, insider Henrietta Baldock bought 1,046 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were acquired at an average cost of GBX 236 ($3.16) per share, for a total transaction of £2,468.56 ($3,303.31). Also, insider António Simões sold 197,279 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of GBX 244 ($3.27), for a total value of £481,360.76 ($644,133.23). In the last three months, insiders have acquired 43,188 shares of company stock worth $10,467,891. 0.88% of the stock is currently owned by corporate insiders.

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.