Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Acquires £3,114.91 in Stock

Legal & General Group Plc (LON:LGEN) insider Clare Bousfield purchased 1,241 shares of Legal & General Group stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of GBX 251 ($3.37) per share, for a total transaction of £3,114.91 ($4,179.97).

Clare Bousfield also recently made the following trade(s):

• On Friday, March 28th, Clare Bousfield acquired 20,369 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 244 ($3.27) per share, for a total transaction of £49,700.36 ($66,693.99).

Legal & General Group Trading Up 0.5%

Shares of LON:LGEN opened at GBX 254.63 ($3.42) on Thursday. The company has a market cap of £14.92 billion, a PE ratio of 47.01, a P/E/G ratio of 2.34 and a beta of 1.31. The company’s 50-day moving average price is GBX 244.55 and its 200 day moving average price is GBX 238.48. Legal & General Group Plc has a fifty-two week low of GBX 206.80 ($2.78) and a fifty-two week high of GBX 266.20 ($3.57). The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.

Legal & General Group announced that its board has approved a share repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.56) price objective on shares of Legal & General Group in a research report on Monday, February 24th.

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.