Legal & General Group (LON:LGEN) Sets New 12-Month High – Here’s What Happened

Legal & General Group Plc (LON:LGEN)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 275.70 and last traded at GBX 275.10, with a volume of 61551438 shares. The stock had previously closed at GBX 272.40.

Wall Street Analyst Weigh In

Several analysts have issued reports on LGEN shares. Royal Bank Of Canada boosted their price target on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a report on Monday, November 3rd. The Goldman Sachs Group boosted their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Legal & General Group has a consensus rating of “Hold” and an average target price of GBX 258.40.

Legal & General Group Stock Performance

The stock has a market cap of £15.35 billion, a P/E ratio of 61.13, 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 business has a 50 day moving average price of GBX 263.70 and a two-hundred day moving average price of GBX 250.42.

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

Insider Activity

In related news, insider Mark Jordy acquired 993 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of GBX 265 per share, with a total value of £2,631.45. Also, insider Laura Wade-Gery acquired 944 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of GBX 265 per share, with a total value of £2,501.60. Over the last 90 days, insiders have purchased 10,913 shares of company stock valued at $2,797,634. Company insiders own 0.59% of the company’s stock.

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. 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.