Legal & General Group (LON:LGEN) Insider Andrew Kail Sells 204,858 Shares

Legal & General Group Plc (LON:LGEN) insider Andrew Kail sold 204,858 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of GBX 271, for a total transaction of £555,165.18.

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

• 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 transaction of £216,778.05.
• On Monday, February 2nd, Andrew Kail acquired 82 shares of Legal & General Group stock. The shares were bought at an average cost of GBX 267 per share, for a total transaction of £218.94.

Legal & General Group Trading Down 2.0%

LGEN stock opened at GBX 268.60 on Thursday. The company has a market cap of £15.07 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.34 and a beta of 0.81. Legal & General Group Plc has a 52 week low of GBX 217.20 and a 52 week high of GBX 279.50. The company’s 50-day moving average price is GBX 257.99 and its 200 day moving average price is GBX 253.46.

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. On average, equities research analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Legal & General Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 11th that allows the company to buyback 0 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LGEN. Citigroup lifted their target price on shares of Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research report on Tuesday, March 24th. The Goldman Sachs Group lifted their target price on shares of Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. 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. Finally, Berenberg Bank restated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 261.67.

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.