Brokerages Set Legal & General Group Plc (LON:LGEN) PT at GBX 307.80

Shares of Legal & General Group Plc (LON:LGEN) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 307.80 ($3.80).

Several analysts have weighed in on the company. Barclays cut their target price on Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 289 ($3.57) target price on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd.

Insider Transactions at Legal & General Group

In other news, insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of GBX 243 ($3.00), for a total value of £536,801.58 ($663,045.43). In related news, insider Henrietta Baldock bought 958 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were bought at an average cost of GBX 254 ($3.14) per share, with a total value of £2,433.32 ($3,005.58). Also, insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of GBX 243 ($3.00), for a total value of £536,801.58 ($663,045.43). In the last 90 days, insiders have bought 2,662 shares of company stock valued at $669,356 and have sold 324,303 shares valued at $79,322,614. Company insiders own 0.85% of the company’s stock.

Legal & General Group Trading Up 1.2 %

LON:LGEN opened at GBX 235.70 ($2.91) on Friday. Legal & General Group has a 12-month low of GBX 203.10 ($2.51) and a 12-month high of GBX 259 ($3.20). The firm has a market capitalization of £14.09 billion, a P/E ratio of 3,325.71, a P/E/G ratio of 2.34 and a beta of 1.34. 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. The business has a 50 day simple moving average of GBX 247.05 and a 200 day simple moving average of GBX 239.25.

Legal & General Group Increases Dividend

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

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.