Legal & General Group (LON:LGEN) Insider Mark Jordy Acquires 3,468 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 3,468 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of GBX 305 per share, with a total value of £10,577.40.

Mark Jordy also recently made the following trade(s):

• On Thursday, October 1st, Mark Jordy bought 3,671 shares of Legal & General Group stock. The stock was purchased at an average cost of GBX 288 per share, with a total value of £10,572.48.
• On Tuesday, September 1st, Mark Jordy bought 3,651 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 290 per share, for a total transaction of £10,587.90.

Legal & General Group Stock Performance

Shares of LON:LGEN opened at GBX 306.20 on Wednesday. The company has a 50-day simple moving average of GBX 294.42 and a 200-day simple moving average of GBX 277.38. Legal & General Group Plc has a one year low of GBX 217.20 and a one year high of GBX 318.10. The stock has a market capitalization of £16.44 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, research analysts forecast that Legal & General Group Plc will post 24.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LGEN shares. Berenberg Bank boosted their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 270 price target on shares of Legal & General Group in a research report on Wednesday, September 2nd. Citigroup downgraded shares of Legal & General Group to a “sell” rating and reduced their price objective for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Peel Hunt reiterated an “add” rating and set a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 185 price target on shares of Legal & General Group in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Legal & General Group has a consensus rating of “Reduce” and an average target price of GBX 276.86.

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. 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.