Insider Selling: Legal & General Group Plc (LON:LGEN) Insider Sells 22,267 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 22,267 shares of Legal & General Group stock in a transaction on Saturday, April 13th. The stock was sold at an average price of GBX 248 ($3.09), for a total transaction of £55,222.16 ($68,744.13).

Legal & General Group Trading Down 0.1 %

Shares of LON LGEN opened at GBX 243 ($3.03) on Thursday. The company’s fifty day moving average is GBX 245.84 and its 200-day moving average is GBX 238.06. The stock has a market cap of £14.53 billion, a price-to-earnings ratio of 3,471.43, a P/E/G ratio of 2.34 and a beta of 1.34. Legal & General Group Plc has a twelve month low of GBX 203.10 ($2.53) and a twelve month high of GBX 259 ($3.22). The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51.

Legal & General Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 14.63 ($0.18) per share. This represents a dividend yield of 5.96%. This is a boost from Legal & General Group’s previous dividend of $5.71. The ex-dividend date of this dividend is Thursday, April 25th. Legal & General Group’s dividend payout ratio (DPR) is currently 28,571.43%.

Analysts Set New Price Targets

A number of analysts have commented on LGEN shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 289 ($3.60) target price on shares of Legal & General Group in a report on Friday, March 8th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Barclays reduced their price target on shares of Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 307.80 ($3.83).

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.