Legal & General Group Plc (LON:LGEN) Insider Clare Bousfield Buys 1,241 Shares

Legal & General Group Plc (LON:LGEN) insider Clare Bousfield purchased 1,241 shares of the business’s stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of GBX 251 ($3.41) per share, for a total transaction of £3,114.91 ($4,227.05).

Clare Bousfield also recently made the following trade(s):

• On Friday, March 28th, Clare Bousfield bought 20,369 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 244 ($3.31) per share, for a total transaction of £49,700.36 ($67,445.19).

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 256.70 ($3.48) on Tuesday. The stock has a market capitalization of £15.04 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock’s 50-day moving average price is GBX 243.12 and its 200 day moving average price is GBX 238.26. Legal & General Group Plc has a 52-week low of GBX 206.80 ($2.81) and a 52-week high of GBX 266.20 ($3.61).

Legal & General Group declared that its board has initiated a share buyback plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.60) target price on shares of Legal & General Group in a report on Monday, February 24th.

About Legal & General Group

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.