Legal & General Group (LON:LGEN) Insider Purchases £10,570.21 in Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 3,683 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 287 per share, for a total transaction of £10,570.21.

Mark Jordy also recently made the following trade(s):

• On Monday, June 1st, Mark Jordy acquired 980 shares of Legal & General Group stock. The stock was bought at an average price of GBX 268 per share, with a total value of £2,626.40.
• On Friday, May 1st, Mark Jordy purchased 1,040 shares of Legal & General Group stock. The stock was bought at an average cost of GBX 253 per share, with a total value of £2,631.20.

Legal & General Group Stock Performance

Shares of LGEN stock traded down GBX 0.40 on Wednesday, hitting GBX 285.60. 18,967,732 shares of the stock were exchanged, compared to its average volume of 36,069,070. The firm’s 50 day moving average is GBX 268.26 and its two-hundred day moving average is GBX 262.52. The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04. Legal & General Group Plc has a one year low of GBX 217.20 and a one year high of GBX 302.30. The firm has a market capitalization of £15.67 billion, a PE ratio of 29.32, a P/E/G ratio of 2.34 and a beta of 0.81.

Legal & General Group announced that its board has authorized a stock repurchase program on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

LGEN has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 308 price objective on shares of Legal & General Group in a research note on Friday, May 1st. Citigroup boosted their price target on Legal & General Group from GBX 2,490 to GBX 2,510 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Jefferies Financial Group lowered shares of Legal & General Group to an “underperform” rating and set a GBX 185 price target for the company. in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 573.71.

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.