Legal & General Group (OTCMKTS:LGGNY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Legal & General Group (OTCMKTS:LGGNY) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada cut Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 22nd. UBS Group cut Legal & General Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Legal & General Group has an average rating of “Reduce”.

Legal & General Group Price Performance

OTCMKTS:LGGNY opened at $15.69 on Monday. The stock has a 50 day simple moving average of $16.06 and a 200 day simple moving average of $16.58. Legal & General Group has a 1-year low of $13.51 and a 1-year high of $17.99.

Legal & General Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, August 25th were issued a dividend of $0.3816 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a dividend yield of 773.0%.

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.