Legal & General Group Plc (LON:LGEN) Announces Dividend Increase – GBX 14.63 Per Share

Legal & General Group Plc (LON:LGEN) declared a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be given a dividend of GBX 14.63 ($0.18) per share by the financial services provider on Thursday, June 6th. This represents a yield of 5.96%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Legal & General Group’s previous dividend of $5.71. The official announcement can be accessed at this link.

Legal & General Group Stock Performance

LON:LGEN opened at GBX 253.40 ($3.13) on Wednesday. The firm has a market capitalization of £15.15 billion, a PE ratio of 3,620.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. The business’s fifty day moving average price is GBX 246.88 and its 200 day moving average price is GBX 239.23. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50. Legal & General Group has a 12 month low of GBX 203.10 ($2.51) and a 12 month high of GBX 259 ($3.20).

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Laura Wade-Gery bought 712 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). In other news, insider Laura Wade-Gery acquired 712 shares of Legal & General Group stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). Also, insider Henrietta Baldock acquired 958 shares of Legal & General Group stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average price of GBX 254 ($3.14) per share, with a total value of £2,433.32 ($3,005.58). Over the last quarter, insiders acquired 2,662 shares of company stock worth $669,356 and sold 324,303 shares worth $79,322,614. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 289 ($3.57) target price on shares of Legal & General Group in a report on Friday, March 8th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Barclays dropped their price objective on Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 307.80 ($3.80).

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.