Legal & General Group Plc (LON:LGEN) Insider Acquires £25,909.76 in Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman bought 10,121 shares of Legal & General Group stock in a transaction on Thursday, June 5th. The shares were acquired at an average price of GBX 256 ($3.47) per share, for a total transaction of £25,909.76 ($35,070.06).

John Kingman also recently made the following trade(s):

• On Monday, June 2nd, John Kingman bought 654 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 251 ($3.40) per share, for a total transaction of £1,641.54 ($2,221.90).

Legal & General Group Trading Down 0.7%

Shares of LON:LGEN opened at GBX 256.10 ($3.47) on Monday. Legal & General Group Plc has a 52 week low of GBX 206.80 ($2.80) and a 52 week high of GBX 266.20 ($3.60). The company’s 50 day moving average is GBX 239.89 and its two-hundred day moving average is GBX 236.81. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The company has a market cap of £15.01 billion, a PE ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. Equities analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.

Legal & General Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, April 24th were given a GBX 15.36 ($0.21) dividend. This represents a dividend yield of 6.18%. This is an increase from Legal & General Group’s previous dividend of $6.00. The ex-dividend date of this dividend was Thursday, April 24th. Legal & General Group’s dividend payout ratio (DPR) is 387.68%.

Legal & General Group declared that its board has approved a share buyback plan on Wednesday, March 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.59) price objective on shares of Legal & General Group in a research report on Monday, February 24th. Two equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 267 ($3.61).

Legal & General Group Company Profile

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.