Legal & General Group (LON:LGEN) Rating Reiterated by Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Legal & General Group (LON:LGEN – Get Rating) in a research report released on Monday morning, MarketBeat reports. The firm currently has a GBX 335 ($4.17) target price on the financial services provider’s stock.

LGEN has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an overweight rating on shares of Legal & General Group in a research report on Tuesday, March 7th. Barclays reduced their target price on shares of Legal & General Group from GBX 397 ($4.94) to GBX 390 ($4.85) and set an overweight rating for the company in a research report on Tuesday, February 14th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 355 ($4.42) target price on shares of Legal & General Group in a research report on Tuesday, April 11th. Berenberg Bank downgraded shares of Legal & General Group to a hold rating and reduced their target price for the company from GBX 345 ($4.29) to GBX 290 ($3.61) in a research report on Monday, January 30th. Finally, Morgan Stanley reissued an equal weight rating and set a GBX 285 ($3.54) target price on shares of Legal & General Group in a research report on Tuesday, March 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of GBX 322.14 ($4.01).

Legal & General Group Price Performance

Shares of LON LGEN opened at GBX 228 ($2.84) on Monday. The firm’s 50-day moving average price is GBX 237.32 and its 200-day moving average price is GBX 248.35. Legal & General Group has a 1-year low of GBX 201.40 ($2.50) and a 1-year high of GBX 287.90 ($3.58). The firm has a market capitalization of £13.61 billion, a P/E ratio of 633.33, a P/E/G ratio of 2.34 and a beta of 1.37. The company has a current ratio of 0.88, a quick ratio of 0.50 and a debt-to-equity ratio of 619.54.

Legal & General Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 5th. Stockholders of record on Thursday, April 27th will be paid a GBX 13.93 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, April 27th. This is a positive change from Legal & General Group’s previous dividend of $5.44. This represents a dividend yield of 5.24%. Legal & General Group’s payout ratio is currently 5,277.78%.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock bought 936 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was bought at an average cost of GBX 256 ($3.18) per share, for a total transaction of £2,396.16 ($2,980.30). In other news, insider Henrietta Baldock purchased 936 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was acquired at an average cost of GBX 256 ($3.18) per share, for a total transaction of £2,396.16 ($2,980.30). Also, insider Nigel Wilson sold 112,850 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of GBX 253 ($3.15), for a total transaction of £285,510.50 ($355,112.56). Over the last three months, insiders purchased 1,710 shares of company stock worth $424,878 and sold 328,169 shares worth $82,318,714. Company insiders own 0.95% of the company’s stock.

About Legal & General Group

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Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).