Legal & General Group (LON:LGEN) Insider Mark Jordy Buys 980 Shares

Legal & General Group Plc (LON:LGEN) insider Mark Jordy acquired 980 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of GBX 268 per share, with a total value of £2,626.40.

Mark Jordy also recently made the following trade(s):

• On Friday, May 1st, Mark Jordy acquired 1,040 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 253 per share, for a total transaction of £2,631.20.

Legal & General Group Trading Down 1.8%

LGEN stock traded down GBX 4.90 during trading hours on Monday, hitting GBX 266.50. 18,173,568 shares of the stock were exchanged, compared to its average volume of 39,809,664. Legal & General Group Plc has a 12 month low of GBX 217.20 and a 12 month high of GBX 285.65. The firm has a market capitalization of £14.86 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.34 and a beta of 0.80. The company has a 50-day simple moving average of GBX 256.60 and a two-hundred day simple moving average of GBX 256.97.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. On average, equities research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group declared that its Board of Directors has approved a share buyback program on Wednesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on LGEN. Citigroup upped their price target on shares of Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada boosted their price target on Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a research note on Monday, March 23rd. Jefferies Financial Group lowered Legal & General Group to an “underperform” rating and set a GBX 185 price target on the stock. in a research note on Tuesday, May 5th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 250.71.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.