Legal & General Group Plc (LON:LGEN) Insider Acquires £2,129.80 in Stock

Legal & General Group Plc (LON:LGEN) insider Laura Wade-Gery acquired 926 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was acquired at an average price of GBX 230 ($2.91) per share, for a total transaction of £2,129.80 ($2,693.90).

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 228.90 ($2.90) on Tuesday. The stock has a market cap of £13.69 billion, a PE ratio of 3,270.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The stock has a 50-day moving average of GBX 241.86 and a 200-day moving average of GBX 245.45. The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50. Legal & General Group Plc has a one year low of GBX 203.10 ($2.57) and a one year high of GBX 259 ($3.28).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LGEN. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 255 ($3.23) price objective on shares of Legal & General Group in a research report on Thursday, June 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 289 ($3.66) price objective on shares of Legal & General Group in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft cut their price target on Legal & General Group from GBX 300 ($3.79) to GBX 275 ($3.48) and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Legal & General Group from GBX 330 ($4.17) to GBX 285 ($3.60) and set an “overweight” rating on the stock in a research report on Monday, June 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Legal & General Group has a consensus rating of “Moderate Buy” and an average target price of GBX 285.80 ($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.