Legal & General Group Plc (LON:LGEN) Insider Tushar Morzaria Purchases 20,000 Shares

Legal & General Group Plc (LON:LGEN) insider Tushar Morzaria bought 20,000 shares of Legal & General Group stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of GBX 241 ($3.13) per share, with a total value of £48,200 ($62,508.11).

Legal & General Group Trading Down 2.3 %

LON:LGEN opened at GBX 239.30 ($3.10) on Thursday. Legal & General Group Plc has a 52-week low of GBX 211.40 ($2.74) and a 52-week high of GBX 266.20 ($3.45). The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock has a fifty day simple moving average of GBX 237.20 and a 200-day simple moving average of GBX 229.19. The company has a market capitalization of £14.02 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

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

Wall Street Analyst Weigh In

LGEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Legal & General Group from GBX 290 ($3.76) to GBX 295 ($3.83) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.44) target price on shares of Legal & General Group in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 267 ($3.46).

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.