António Simões Sells 120,226 Shares of Legal & General Group (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider António Simões sold 120,226 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of GBX 240, for a total transaction of £288,542.40.

António Simões also recently made the following trade(s):

• On Wednesday, December 31st, António Simões sold 47,433 shares of Legal & General Group stock. The shares were sold at an average price of GBX 262, for a total transaction of £124,274.46.

Legal & General Group Trading Up 0.7%

Shares of Legal & General Group stock opened at GBX 238.30 on Wednesday. The stock has a market capitalization of £13.42 billion, a price-to-earnings ratio of 53.43, a P/E/G ratio of 2.34 and a beta of 0.81. The firm’s 50-day moving average price is GBX 261.24 and its two-hundred day moving average price is GBX 250.59. Legal & General Group Plc has a 1-year low of GBX 206.80 and a 1-year high of GBX 279.50.

Legal & General Group (LON:LGEN) last posted its earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. As a group, equities research analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Legal & General Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

LGEN has been the subject of a number of research reports. Berenberg Bank restated a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research note on Thursday, March 12th. Royal Bank Of Canada upped their price target on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Finally, Citigroup raised their price objective on shares of Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 261.67.

Key Legal & General Group News

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Company cancelled 7.2 million repurchased shares, reducing share count and supporting per‑share metrics — a clear capital-return action that investors usually view favorably. Article Title
• Neutral Sentiment: Citigroup raised its price target on LGEN to GBX 249 but kept a “neutral” rating, a modest signal of improved outlook without an upgrade. Article Title
• Neutral Sentiment: Royal Bank of Canada raised its target from GBX 205 to GBX 220 but retained an “underperform” rating — the higher target is not a change in conviction and is mixed for sentiment. Article Title
• Negative Sentiment: Insider António Simões sold 120,226 shares at an average of GBX 240 (~£288.5k). Insider selling can be perceived negatively, especially given the size relative to typical insider trades. Article Title
• Negative Sentiment: Legal & General disclosed an additional share sale by its Group Chief Risk Officer, another insider disposition that may weigh on near‑term sentiment. Article Title

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. 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.