Insider Selling: Legal & General Group (LON:LGEN) Insider Sells 120,226 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider António Simões sold 120,226 shares of Legal & General Group stock in a transaction dated Friday, March 20th. The stock was sold at an average price of GBX 240, for a total value of £288,542.40.

António Simões also recently made the following trade(s):

• On Wednesday, December 31st, António Simões sold 47,433 shares of Legal & General Group stock. The shares were sold at an average price of GBX 262, for a total value of £124,274.46.

Legal & General Group Price Performance

Shares of Legal & General Group stock opened at GBX 237.50 on Monday. The stock’s 50-day moving average is GBX 262.25 and its 200 day moving average is GBX 250.56. Legal & General Group Plc has a one year low of GBX 206.80 and a one year high of GBX 279.50. The firm has a market cap of £13.37 billion, a price-to-earnings ratio of 53.25, a PEG ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last issued its earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. On average, sell-side analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LGEN. Berenberg Bank reiterated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research report on Thursday, March 12th. The Goldman Sachs Group raised their price target on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a report 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 company. Based on data from MarketBeat.com, Legal & General Group has a consensus rating of “Hold” and a consensus price target of GBX 262.20.

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.