Legal & General Group (OTCMKTS:LGGNY) Stock Passes Above 50 Day Moving Average – Here’s Why

Legal & General Group Plc (OTCMKTS:LGGNY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.49 and traded as high as $16.17. Legal & General Group shares last traded at $16.04, with a volume of 62,553 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LGGNY. UBS Group upgraded shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upgraded Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Legal & General Group Trading Up 0.4 %

The stock’s fifty day moving average is $15.49 and its 200 day moving average is $14.86.

Legal & General Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.9943 per share. This is an increase from Legal & General Group’s previous dividend of $0.36. The ex-dividend date of this dividend is Friday, April 25th.

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.