George Lewis Purchases 376 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider George Lewis acquired 376 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were bought at an average cost of GBX 277 ($3.62) per share, for a total transaction of £1,041.52 ($1,360.93).

Shares of LGEN stock traded up GBX 2 ($0.03) during mid-day trading on Friday, reaching GBX 277.20 ($3.62). The stock had a trading volume of 13,665,319 shares, compared to its average volume of 20,180,000. Legal & General Group Plc has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 292.30 ($3.82). The stock has a market capitalization of $16.45 billion and a price-to-earnings ratio of 9.06. The company has a current ratio of 1.62, a quick ratio of 0.59 and a debt-to-equity ratio of 57.19.

The company 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 11.82 ($0.15) dividend. This is a boost from Legal & General Group’s previous dividend of $4.60. The ex-dividend date is Thursday, April 25th. This represents a dividend yield of 4.3%. Legal & General Group’s payout ratio is presently 0.52%.

Several research analysts have commented on the stock. UBS Group reissued a “sell” rating on shares of Legal & General Group in a report on Monday, February 25th. Barclays raised their price target on shares of Legal & General Group from GBX 323 ($4.22) to GBX 339 ($4.43) and gave the company an “overweight” rating in a report on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of Legal & General Group in a report on Wednesday. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Tuesday, January 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Legal & General Group from GBX 258 ($3.37) to GBX 239 ($3.12) and set an “underweight” rating for the company in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Legal & General Group currently has a consensus rating of “Buy” and a consensus target price of GBX 299.60 ($3.91).

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About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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