Legal & General Group (LON:LGEN) Hits New 12-Month High – Time to Buy?

Legal & General Group Plc (LON:LGEN) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 275.70 and last traded at GBX 275.10, with a volume of 61551438 shares. The stock had previously closed at GBX 272.40.

Analysts Set New Price Targets

A number of research analysts have issued reports on LGEN shares. Royal Bank Of Canada boosted their price target on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a report on Monday, November 3rd. The Goldman Sachs Group lifted their target price on shares of Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Legal & General Group currently has a consensus rating of “Hold” and a consensus price target of GBX 258.40.

Legal & General Group Trading Up 1.2%

The firm has a market capitalization of £15.52 billion, a price-to-earnings ratio of 61.82, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The company has a 50 day moving average price of GBX 263.19 and a two-hundred day moving average price of GBX 250.40.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, research analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Insider Activity at Legal & General Group

In other news, insider Ric Lewis bought 928 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of GBX 244 per share, for a total transaction of £2,264.32. Also, insider António Simões sold 47,433 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of GBX 262, for a total value of £124,274.46. Over the last 90 days, insiders bought 10,913 shares of company stock valued at $2,797,634. 0.59% of the stock is owned by corporate insiders.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.