Legal & General Group (LON:LGEN) Receives Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of Legal & General Group (LON:LGENGet Rating) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has a GBX 390 ($4.71) price target on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 330 ($3.99) price target on shares of Legal & General Group in a research note on Wednesday, August 10th. Berenberg Bank raised Legal & General Group to a buy rating and raised their target price for the stock from GBX 343 ($4.14) to GBX 345 ($4.17) in a research note on Wednesday, July 27th. JPMorgan Chase & Co. raised Legal & General Group to an overweight rating and raised their target price for the stock from GBX 325 ($3.93) to GBX 365 ($4.41) in a research note on Monday, August 8th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 310 ($3.75) target price on shares of Legal & General Group in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of Moderate Buy and a consensus price target of GBX 344.83 ($4.17).

Legal & General Group Trading Up 1.2 %

Shares of LGEN stock opened at GBX 263 ($3.18) on Wednesday. The stock has a market cap of £15.71 billion and a price-to-earnings ratio of 764.12. The stock has a 50-day moving average of GBX 259.55 and a 200-day moving average of GBX 257.99. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 452.13. Legal & General Group has a 1-year low of GBX 225.49 ($2.72) and a 1-year high of GBX 309.90 ($3.74).

Legal & General Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 26th. Shareholders of record on Thursday, August 18th will be paid a GBX 5.44 ($0.07) dividend. The ex-dividend date is Thursday, August 18th. This represents a yield of 2%. Legal & General Group’s dividend payout ratio (DPR) is presently 54.26%.

Insider Buying and Selling at Legal & General Group

In other news, insider Henrietta Baldock acquired 921 shares of Legal & General Group stock in a transaction on Friday, July 1st. The stock was purchased at an average price of GBX 242 ($2.92) per share, with a total value of £2,228.82 ($2,693.11). In related news, insider Henrietta Baldock bought 921 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were bought at an average price of GBX 242 ($2.92) per share, for a total transaction of £2,228.82 ($2,693.11). Also, insider Tushar Morzaria bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of GBX 268 ($3.24) per share, for a total transaction of £26,800 ($32,382.79). Over the last quarter, insiders bought 13,028 shares of company stock valued at $3,443,268.

About Legal & General Group

(Get Rating)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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