Legal & General Group Plc (LON:LGEN – Get Free Report) insider Andrew Kail bought 76 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was bought at an average price of GBX 288 per share, for a total transaction of £218.88.
Andrew Kail also recently made the following trade(s):
- On Tuesday, September 1st, Andrew Kail bought 77 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 289 per share, with a total value of £222.53.
- On Monday, August 3rd, Andrew Kail purchased 73 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 302 per share, with a total value of £220.46.
Legal & General Group Stock Performance
LON:LGEN opened at GBX 286.24 on Monday. Legal & General Group Plc has a fifty-two week low of GBX 217.20 and a fifty-two week high of GBX 318.10. The stock has a market capitalization of £15.53 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.34 and a beta of 0.79. The company’s 50-day simple moving average is GBX 295.93 and its 200-day simple moving average is GBX 278.47.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on LGEN shares. Citigroup downgraded Legal & General Group to a “sell” rating and reduced their price target for the stock from GBX 251 to GBX 245 in a research report on Monday, August 10th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 185 price objective on shares of Legal & General Group in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their target price on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research note on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 270 target price on shares of Legal & General Group in a research report on Wednesday, September 2nd. Finally, Berenberg Bank increased their price target on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of GBX 276.86.
Get Our Latest Stock Report on LGEN
More Legal & General Group News
Here are the key news stories impacting Legal & General Group this week:
- Positive Sentiment: Insider Mark Jordy bought 3,671 shares at GBX 288, worth approximately £10,572. He has also made similar purchases in August and September, suggesting continued confidence from a company insider. Legal & General Group Insider Mark Jordy Acquires Shares
- Positive Sentiment: Insider Andrew Kail purchased 76 shares at an average of GBX 288. Although the transaction was small, additional insider buying can be viewed as a modest confidence signal.
- Positive Sentiment: Legal & General confirmed share repurchases as part of its capital-management program. Buybacks can support earnings per share by reducing the number of shares outstanding. Legal & General Updates Share Capital and Voting Rights After Buyback
- Neutral Sentiment: The CFO’s reported share purchase occurred under an employee plan, making it more likely to be routine compensation-related activity than a discretionary investment decision. Legal & General CFO Reports Share Purchase
- Neutral Sentiment: Legal & General admitted 88,525 new shares under its Sharesave employee scheme. The issuance is relatively small but creates modest dilution that offsets part of the buyback benefit. Legal & General Adds Sharesave Allotment
- Negative Sentiment: Investor attention remains focused on whether the approximately 7.67% dividend yield is sustainable. A high yield can attract income investors, but may also signal concerns about earnings, capital strength or future dividend growth. Is the 7.67% Yield on Legal & General Shares Too Good to Be True?
- Negative Sentiment: Analyst sentiment is cautious: the stock carries a consensus “Reduce” rating, with four Sell ratings, two Buys and one Hold. The average target of GBX 276.86 is below the reported trading level, suggesting limited near-term upside in analysts’ view.
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. 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.
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