Legal & General Group (OTCMKTS:LGGNY) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.00 and traded as high as $16.12. Legal & General Group shares last traded at $16.08, with a volume of 19,781 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. UBS Group downgraded shares of Legal & General Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Royal Bank Of Canada cut Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of “Reduce”.

Legal & General Group Trading Down 1.2%

The stock has a 50-day moving average price of $16.00 and a two-hundred day moving average price of $16.56.

Legal & General Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, August 25th were paid a $0.3816 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 773.0%.

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.