Legal & General Group Plc (LON:LGEN) Insider Clare Bousfield Purchases 20,369 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Clare Bousfield acquired 20,369 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of GBX 244 ($3.15) per share, for a total transaction of £49,700.36 ($64,212.35).

Legal & General Group Stock Down 0.8 %

Shares of LON LGEN opened at GBX 242.08 ($3.13) on Tuesday. The stock has a market capitalization of £14.19 billion, a P/E ratio of 44.69, a PEG ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a one year low of GBX 211.40 ($2.73) and a one year high of GBX 266.20 ($3.44). The firm’s 50 day simple moving average is GBX 241.40 and its two-hundred day simple moving average is GBX 230.77. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

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

Legal & General Group declared that its board has approved a share repurchase plan on Wednesday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Legal & General Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be paid a GBX 15.36 ($0.20) dividend. The ex-dividend date is Thursday, April 24th. This is a boost from Legal & General Group’s previous dividend of $6.00. This represents a dividend yield of 6.18%. Legal & General Group’s dividend payout ratio (DPR) is presently 387.68%.

Analyst Upgrades and Downgrades

LGEN has been the subject of a number of research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.42) price target on shares of Legal & General Group in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their target price on Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.81) and gave the company an “overweight” rating in a research note 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 267 ($3.45).

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.