Legal & General Group Plc (LON:LGEN) Receives Consensus Rating of “Buy” from Analysts

Legal & General Group Plc (LON:LGEN) has earned an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 307.80 ($3.80).

Several brokerages have weighed in on LGEN. Barclays dropped their price objective on Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.57) price objective on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Laura Wade-Gery bought 712 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). In related news, insider António Simões sold 81,130 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of GBX 248 ($3.06), for a total value of £201,202.40 ($248,520.75). Also, insider Laura Wade-Gery bought 712 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). Over the last 90 days, insiders purchased 2,662 shares of company stock worth $669,356 and sold 324,303 shares worth $79,322,614. Corporate insiders own 0.85% of the company’s stock.

Legal & General Group Stock Performance

LON LGEN opened at GBX 253.10 ($3.13) on Friday. The company has a fifty day simple moving average of GBX 246.88 and a 200 day simple moving average of GBX 239.23. Legal & General Group has a 12-month low of GBX 203.10 ($2.51) and a 12-month high of GBX 259 ($3.20). The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51. The company has a market cap of £15.14 billion, a P/E ratio of 3,615.71, a PEG ratio of 2.34 and a beta of 1.34.

Legal & General Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be given a GBX 14.63 ($0.18) dividend. The ex-dividend date is Thursday, April 25th. This represents a yield of 5.96%. This is an increase from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s payout ratio is presently 28,571.43%.

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.