Legal & General Group’s (LGEN) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 308 price objective on the financial services provider’s stock.

Separately, 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 research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 262.20.

Legal & General Group Stock Performance

Shares of LON LGEN opened at GBX 242.80 on Thursday. The company’s 50 day moving average price is GBX 264.49 and its 200-day moving average price is GBX 250.61. Legal & General Group has a 52-week low of GBX 206.80 and a 52-week high of GBX 279.50. The company has a market capitalization of £13.67 billion, a P/E ratio of 54.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a return on equity of 3.89% and a net margin of 1.49%. Analysts forecast that Legal & General Group will post 24.2376446 earnings per share for the current year.

Legal & General Group declared that its board has authorized a share repurchase plan on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Legal & General Group

In related news, insider Ric Lewis purchased 851 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of GBX 267 per share, with a total value of £2,272.17. Also, insider Mark Jordy purchased 986 shares of Legal & General Group stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of GBX 267 per share, with a total value of £2,632.62. Over the last quarter, insiders acquired 10,428 shares of company stock worth $2,757,069. 0.59% of the stock is owned by insiders.

More Legal & General Group News

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

• Positive Sentiment: Board-authorised, record buyback (reportedly ~£1.2bn) signals management believes the shares are undervalued and supports near-term demand for stock. Legal & General launches record buyback
• Positive Sentiment: Berenberg reaffirmed a “buy” rating with a GBX 308 target, providing independent broker support that could attract value-seeking investors. Broker ratings (Digital Look)
• Positive Sentiment: Income case remains prominent—coverage noting an ~8.9% yield and the company’s long-term yield story may keep income-focused investors interested despite near-term volatility. As well as an 8.9%-yield, is there another reason to buy Legal & General’s shares after today’s results?
• Neutral Sentiment: Analysts and commentators are re-checking valuation after recent price weakness—some see opportunity while others flag elevated P/E and lower profitability metrics. Valuation check after recent share price weakness
• Neutral Sentiment: Company released H2 earnings call highlights and slide deck (GBX 831 quarterly EPS reported); the release provides detail but did not fully reassure markets on capital metrics. Legal & General Group H2 Earnings Call Highlights
• Negative Sentiment: Earnings slightly missed expectations and the market reacted negatively—reports note a mixed set of results that undermined confidence. Britain’s L&G shares fall after earnings misses, lower solvency ratio
• Negative Sentiment: Solvency ratio declined (reports cite ~210%), a key capital metric for insurers; the drop, even alongside a buyback, raised concerns about balance-sheet resilience and drove near-term selling. Stock plunges despite record buyback

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.