Legal & General Group Plc (LON:LGEN) Insider John Kingman Purchases 9,061 Shares

Legal & General Group Plc (LON:LGEN) insider John Kingman acquired 9,061 shares of the stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of GBX 257 ($3.47) per share, with a total value of £23,286.77 ($31,438.87).

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

• On Thursday, June 5th, John Kingman acquired 10,121 shares of Legal & General Group stock. The stock was purchased at an average cost of GBX 256 ($3.46) per share, with a total value of £25,909.76 ($34,980.10).
• On Monday, June 2nd, John Kingman acquired 654 shares of Legal & General Group stock. The stock was purchased at an average cost of GBX 251 ($3.39) per share, with a total value of £1,641.54 ($2,216.20).

Legal & General Group Stock Up 0.5%

LGEN stock opened at GBX 258.57 ($3.49) on Wednesday. Legal & General Group Plc has a twelve month low of GBX 206.80 ($2.79) and a twelve month high of GBX 266.20 ($3.59). The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The company has a market capitalization of £15.15 billion, a P/E ratio of 47.73, a PEG ratio of 2.34 and a beta of 1.31. The firm has a 50 day simple moving average of GBX 240.57 and a 200-day simple moving average of GBX 237.34.

Legal & General Group (LON:LGEN) last released 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 net margin of 0.67% and a return on equity of 7.79%. On average, equities research analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Legal & General Group announced that its board has authorized a share repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.58) price objective on shares of Legal & General Group in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Legal & General Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 267 ($3.60).

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.