Legal & General Group (OTCMKTS:LGGNY) Sets New 1-Year High – Here’s Why

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $19.65 and last traded at $19.65, with a volume of 11256 shares changing hands. The stock had previously closed at $19.30.

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group cut Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Legal & General Group currently has an average rating of “Reduce”.

Legal & General Group Stock Performance

The firm’s 50 day simple moving average is $18.18 and its 200-day simple moving average is $17.75. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18.

Legal & General Group Company Profile

Legal & General Group is a London‑headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long‑term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de‑risking for corporate clients, together with retail and workplace pension provision.