Legal & General Group Plc (LGEN) Stock Price Down 1.2%
Legal & General Group Plc (LON:LGEN) was down 1.2% on Monday . The company traded as low as GBX 255.80 ($3.44) and last traded at GBX 256.50 ($3.45). Approximately 9,841,790 shares changed hands during trading, a decline of 23% from the average daily volume of 12,859,700 shares. The stock had previously closed at GBX 259.50 ($3.49).
A number of equities research analysts have weighed in on LGEN shares. Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a research report on Tuesday, June 13th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 290 ($3.90) price objective on shares of Legal & General Group Plc in a research note on Tuesday, June 13th. Deutsche Bank AG raised their price objective on Legal & General Group Plc from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 275 ($3.70) price objective on shares of Legal & General Group Plc in a research note on Thursday, June 15th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 250 ($3.36) price objective on shares of Legal & General Group Plc in a research note on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 256.65 ($3.45).
The stock has a 50 day moving average of GBX 263.55 and a 200-day moving average of GBX 256.79. The firm’s market cap is GBX 15.22 billion.
The company also recently declared a dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 17th were issued a dividend of GBX 4.30 ($0.06) per share. The ex-dividend date was Thursday, August 17th. This represents a yield of 1.58%.
In other news, insider Toby Strauss purchased 979 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were bought at an average cost of GBX 257 ($3.46) per share, for a total transaction of £2,516.03 ($3,383.58). Also, insider John Kingman purchased 633 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of GBX 260 ($3.50) per share, for a total transaction of £1,645.80 ($2,213.29). Insiders have purchased a total of 2,546 shares of company stock worth $667,429 over the last quarter.
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About Legal & General Group Plc
Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).
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