Andrew Kail Buys 78 Shares of Legal & General Group (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Andrew Kail bought 78 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of GBX 287 per share, for a total transaction of £223.86.

Andrew Kail also recently made the following trade(s):

• On Monday, June 1st, Andrew Kail bought 82 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 268 per share, with a total value of £219.76.
• On Friday, May 1st, Andrew Kail bought 87 shares of Legal & General Group stock. The stock was acquired at an average price of GBX 254 per share, with a total value of £220.98.
• On Monday, April 20th, Andrew Kail sold 204,858 shares of Legal & General Group stock. The stock was sold at an average price of GBX 271, for a total value of £555,165.18.
• On Tuesday, April 7th, Andrew Kail sold 85,011 shares of Legal & General Group stock. The stock was sold at an average price of GBX 255, for a total value of £216,778.05.

Legal & General Group Trading Up 0.7%

Shares of LGEN stock traded up GBX 2.11 on Thursday, hitting GBX 288.51. 15,934,198 shares of the stock traded hands, compared to its average volume of 35,909,270. The company has a debt-to-equity ratio of 1,100.04, a quick ratio of 0.50 and a current ratio of 59.08. Legal & General Group Plc has a twelve month low of GBX 217.20 and a twelve month high of GBX 302.30. The firm’s 50-day moving average price is GBX 268.56 and its two-hundred day moving average price is GBX 262.79. The stock has a market capitalization of £15.83 billion, a PE ratio of 29.62, a PEG ratio of 2.34 and a beta of 0.81.

Legal & General Group declared that its board has approved a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on LGEN. Citigroup increased their price objective on shares of Legal & General Group from GBX 2,490 to GBX 2,510 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a research report on Friday, May 1st. Jefferies Financial Group lowered shares of Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 573.71.

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.