Legal & General Group (LON:LGEN) Insider Andrew Kail Sells 85,011 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Andrew Kail sold 85,011 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 255, for a total value of £216,778.05.

Andrew Kail also recently made the following trade(s):

• On Monday, February 2nd, Andrew Kail acquired 82 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 267 per share, with a total value of £218.94.

Legal & General Group Trading Up 0.1%

Shares of LON LGEN opened at GBX 260.35 on Friday. Legal & General Group Plc has a one year low of GBX 216.27 and a one year high of GBX 279.50. The firm has a market capitalization of £14.61 billion, a PE ratio of 26.73, a PEG ratio of 2.34 and a beta of 0.81. The business has a 50-day moving average price of GBX 258.25 and a two-hundred day moving average price of GBX 251.66.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. Research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Legal & General Group announced that its Board of Directors has approved a share buyback program on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

LGEN has been the topic of several research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research report on Thursday, March 12th. The Goldman Sachs Group upped their target price on Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Citigroup upped their target price on Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada upped their target price on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Legal & General Group presently has a consensus rating of “Hold” and a consensus price target of GBX 261.67.

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.