Legal & General Group Plc (LON:LGEN) Insider Sells £55,222.16 in Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 22,267 shares of the business’s stock in a transaction dated Saturday, April 13th. The stock was sold at an average price of GBX 248 ($3.09), for a total transaction of £55,222.16 ($68,744.13).

Legal & General Group Trading Down 0.1 %

Shares of LGEN stock traded down GBX 0.30 ($0.00) during trading hours on Wednesday, reaching GBX 243 ($3.03). 14,659,346 shares of the stock were exchanged, compared to its average volume of 12,715,607. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51. The firm has a market capitalization of £14.53 billion, a price-to-earnings ratio of 3,487.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. The company’s 50-day moving average price is GBX 245.86 and its 200-day moving average price is GBX 238.03. Legal & General Group Plc has a 12-month low of GBX 203.10 ($2.53) and a 12-month high of GBX 259 ($3.22).

Legal & General Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be paid a dividend of GBX 14.63 ($0.18) per share. This represents a dividend yield of 5.96%. The ex-dividend date is Thursday, April 25th. This is a positive change from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s payout ratio is 28,571.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LGEN. Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 289 ($3.60) target price on shares of Legal & General Group in a report on Friday, March 8th. Finally, Barclays reduced their target price on shares of Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Legal & General Group presently has a consensus rating of “Buy” and a consensus price target of GBX 307.80 ($3.83).

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.