Legal & General Group (LON:LGEN) Announces Quarterly Earnings Results

Legal & General Group (LON:LGEN) posted its quarterly earnings data on Wednesday. The financial services provider reported GBX 2.89 ($0.04) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%.

Legal & General Group Price Performance

LGEN opened at GBX 242.40 ($3.14) on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group has a 12 month low of GBX 211.40 ($2.74) and a 12 month high of GBX 266.20 ($3.45). The company has a fifty day simple moving average of GBX 237.20 and a 200 day simple moving average of GBX 229.19. The stock has a market cap of £14.21 billion, a P/E ratio of 44.75, a P/E/G ratio of 2.34 and a beta of 1.31.

Insider Activity at Legal & General Group

In other news, insider Tushar Morzaria acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of GBX 241 ($3.13) per share, for a total transaction of £48,200 ($62,508.11). Also, insider John Kingman acquired 677 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of GBX 243 ($3.15) per share, with a total value of £1,645.11 ($2,133.46). Insiders bought a total of 23,455 shares of company stock worth $5,642,935 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LGEN. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.44) target price on shares of Legal & General Group in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Legal & General Group from GBX 290 ($3.76) to GBX 295 ($3.83) and gave the company an “overweight” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Legal & General Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 267 ($3.46).

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.