Legal & General Group Plc (LON:LGEN) Insider John Kingman Purchases 10,121 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman acquired 10,121 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of GBX 256 ($3.46) per share, with a total value of £25,909.76 ($35,051.08).

John Kingman also recently made the following trade(s):

• On Monday, June 2nd, John Kingman acquired 654 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 251 ($3.40) per share, with a total value of £1,641.54 ($2,220.70).

Legal & General Group Stock Down 0.7%

LON:LGEN opened at GBX 256.10 ($3.46) on Friday. The firm has a market capitalization of £15.01 billion, a price-to-earnings ratio of 47.28, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a twelve month low of GBX 206.80 ($2.80) and a twelve month high of GBX 266.20 ($3.60). The stock’s 50 day moving average price is GBX 239.89 and its two-hundred day moving average price is GBX 236.54. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.

Legal & General Group (LON:LGEN) last posted its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities research analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Legal & General Group declared that its Board of Directors has approved a stock buyback program on Wednesday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Legal & General Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, April 24th were given a dividend of GBX 15.36 ($0.21) per share. This is a positive change from Legal & General Group’s previous dividend of $6.00. The ex-dividend date of this dividend was Thursday, April 24th. This represents a dividend yield of 6.18%. Legal & General Group’s payout ratio is 387.68%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.58) price objective on shares of Legal & General Group in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Legal & General Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 267 ($3.61).

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.