Legal & General Group (LON:LGEN) Shares Pass Above 200 Day Moving Average of $240.88

Shares of Legal & General Group Plc (LON:LGEN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 240.88 ($3.03) and traded as high as GBX 248.90 ($3.13). Legal & General Group shares last traded at GBX 248 ($3.12), with a volume of 12,545,226 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LGEN shares. 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 issued a GBX 289 ($3.63) price objective on shares of Legal & General Group in a report on Friday, March 8th. Finally, Barclays decreased their price objective on Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 307.80 ($3.87).

Legal & General Group Stock Performance

The company has a market cap of £14.85 billion, a PE ratio of 3,542.86, a P/E/G ratio of 2.34 and a beta of 1.34. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51. The business has a fifty day moving average of GBX 246.88 and a 200-day moving average of GBX 240.88.

Legal & General Group Increases Dividend

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

Insider Activity at Legal & General Group

In other news, insider Henrietta Baldock acquired 992 shares of the business’s stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of GBX 245 ($3.08) per share, with a total value of £2,430.40 ($3,053.27). In other Legal & General Group news, insider Jeff Davies sold 220,906 shares of Legal & General Group stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of GBX 243 ($3.05), for a total transaction of £536,801.58 ($674,373.84). Also, insider Henrietta Baldock acquired 992 shares of the business’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of GBX 245 ($3.08) per share, for a total transaction of £2,430.40 ($3,053.27). In the last 90 days, insiders have acquired 2,976 shares of company stock worth $729,534 and have sold 324,303 shares worth $79,322,614. 0.85% of the stock is owned by company insiders.

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.