Legal & General Group (LON:LGEN) Reaches New 12-Month High Following Insider Buying Activity

Legal & General Group Plc (LON:LGEN) shares hit a new 52-week high during trading on Tuesday following insider buying activity. The stock traded as high as GBX 268.80 and last traded at GBX 268.60, with a volume of 108903422 shares changing hands. The stock had previously closed at GBX 265.50.

Specifically, insider Mark Jordy acquired 1,006 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was acquired at an average price of GBX 261 per share, for a total transaction of £2,625.66. Also, insider Ric Lewis bought 868 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of GBX 261 per share, for a total transaction of £2,265.48. In other Legal & General Group news, insider Laura Wade-Gery purchased 957 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average cost of GBX 261 per share, for a total transaction of £2,497.77.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, October 15th. Berenberg Bank raised their target price on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 257.25.

Legal & General Group News Roundup

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Company disclosure that several senior executives acquired shares under an employee plan — a direct signal of management confidence. Legal & General Executives Acquire Shares Under Employee Plan
• Positive Sentiment: Director Mark Jordy bought 1,006 shares at ~GBX 261 on Jan 2 — small in cash terms but positive as an insider buy. Insider Buying: Legal & General Group (LON:LGEN) Insider Buys 1,006 Shares of Stock
• Positive Sentiment: Chair John Kingman purchased 628 shares at GBX 262 on Jan 2, and Ric Lewis and Laura Wade‑Gery also made modest purchases (868 and 957 shares respectively) — clustered insider buys from senior figures tend to be viewed positively. Insider Buying: Legal & General Group (LON:LGEN) Insider Purchases 628 Shares of Stock Ric Lewis Purchases 868 Shares of Legal & General Group (LON:LGEN) Stock Insider Buying: Legal & General Group (LON:LGEN) Insider Buys 957 Shares of Stock
• Neutral Sentiment: Technical/background: the stock is trading near its 12‑month high with above‑average volume and 50/200‑day SMAs around GBX 247; higher volume amplifies the market impact of insider signals but valuation (P/E ~60) remains rich. LON:LGEN MarketBeat Profile
• Negative Sentiment: Offsetting the buys, insider António Simões sold 47,433 shares on Dec 31 at an average GBX 262 (≈£124k). A large sale by a senior executive can temper investor enthusiasm, even if other directors are buying. Insider Sale Report

Legal & General Group Price Performance

The company has a market cap of £15.08 billion, a PE ratio of 60.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The stock has a fifty day moving average price of GBX 247.56 and a 200-day moving average price of GBX 247.50. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

Legal & General Group (LON:LGEN) last posted its quarterly earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, equities analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.