Legal & General Group (LON:LGEN) Insider Buys 81 Shares

Legal & General Group Plc (LON:LGEN) insider Jeff Davies bought 81 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 245 per share, with a total value of £198.45.

Jeff Davies also recently made the following trade(s):

• On Monday, November 3rd, Jeff Davies bought 82 shares of Legal & General Group stock. The shares were acquired at an average cost of GBX 241 per share, with a total value of £197.62.
• On Wednesday, October 1st, Jeff Davies purchased 83 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 236 per share, for a total transaction of £195.88.

Legal & General Group Price Performance

LON LGEN traded up GBX 2.95 during trading hours on Tuesday, reaching GBX 247.35. The company’s stock had a trading volume of 12,423,371 shares, compared to its average volume of 19,938,572. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 1 year low of GBX 206.80 and a 1 year high of GBX 266.20. The firm’s 50-day moving average price is GBX 239.33 and its 200-day moving average price is GBX 246.65. The company has a market capitalization of £13.93 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 2.34 and a beta of 1.31.

Analysts Set New Price Targets

LGEN has been the topic of several research reports. Peel Hunt restated an “add” rating and issued a GBX 255 price target on shares of Legal & General Group in a research report on Wednesday, October 15th. Berenberg Bank increased their price target on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. downgraded shares of Legal & General Group to a “neutral” rating and decreased their price objective for the stock from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised their target price on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 257.25.

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.