Legal & General Group Plc (LON:LGEN) Insider Sells £536,801.58 in Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 220,906 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.03), for a total value of £536,801.58 ($668,245.46).

Jeff Davies also recently made the following trade(s):

• On Saturday, April 13th, Jeff Davies sold 22,267 shares of Legal & General Group stock. The shares were 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 Up 0.8 %

LON:LGEN opened at GBX 245 ($3.05) on Friday. The firm has a market capitalization of £14.65 billion, a P/E ratio of 3,500.00, a PEG ratio of 2.34 and a beta of 1.34. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50. Legal & General Group Plc has a one year low of GBX 203.10 ($2.53) and a one year high of GBX 259 ($3.22). The company’s 50-day simple moving average is GBX 245.92 and its 200 day simple moving average is GBX 238.11.

Legal & General Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd. Berenberg Bank reiterated 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. Finally, Barclays decreased their target price on Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Legal & General Group has an average rating of “Buy” and an average target price 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.