Legal & General Group Plc (LON:LGEN) Insider Jeff Davies Sells 186,737 Shares

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 186,737 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 260 ($3.52), for a total transaction of £485,516.20 ($656,901.91).

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

• On Friday, August 1st, Jeff Davies bought 76 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 255 ($3.45) per share, with a total value of £193.80 ($262.21).
• On Tuesday, July 1st, Jeff Davies purchased 75 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 256 ($3.46) per share, for a total transaction of £192 ($259.78).

Legal & General Group Price Performance

LON LGEN opened at GBX 263 ($3.56) on Friday. The company’s 50 day moving average is GBX 255.10 and its two-hundred day moving average is GBX 245.76. 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 stock has a market cap of £15.41 billion, a price-to-earnings ratio of 48.55, a PEG ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a 12 month low of GBX 206.80 ($2.80) and a 12 month high of GBX 266.20 ($3.60).

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. As a group, research analysts anticipate that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Analyst Ratings Changes

LGEN has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective on shares of Legal & General Group from GBX 220 ($2.98) to GBX 200 ($2.71) and set an “underperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. downgraded Legal & General Group to a “neutral” rating and lowered their target price for the company from GBX 290 ($3.92) to GBX 275 ($3.72) in a research report on Wednesday.

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.