Legal & General Group (LON:LGEN) Insider António Simões Sells 120,226 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider António Simões sold 120,226 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 240, for a total transaction of £288,542.40.

António Simões also recently made the following trade(s):

• On Wednesday, December 31st, António Simões sold 47,433 shares of Legal & General Group stock. The stock was sold at an average price of GBX 262, for a total transaction of £124,274.46.

Legal & General Group Price Performance

Shares of LGEN opened at GBX 236.20 on Tuesday. The company’s fifty day moving average price is GBX 261.70 and its 200-day moving average price is GBX 250.56. Legal & General Group Plc has a 1-year low of GBX 206.80 and a 1-year high of GBX 279.50. The firm has a market capitalization of £13.30 billion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last issued its earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 15.89% and a net margin of 0.91%. As a group, research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Legal & General Group declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

LGEN has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a report on Monday. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a report on Thursday, March 12th. Finally, The Goldman Sachs Group raised their price target on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Legal & General Group has a consensus rating of “Hold” and an average target price of GBX 264.20.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.