John Kingman Acquires 9,061 Shares of Legal & General Group Plc (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman bought 9,061 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of GBX 257 ($3.50) per share, with a total value of £23,286.77 ($31,704.25).

John Kingman also recently made the following trade(s):

• On Thursday, June 5th, John Kingman bought 10,121 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 256 ($3.49) per share, with a total value of £25,909.76 ($35,275.37).
• On Monday, June 2nd, John Kingman bought 654 shares of Legal & General Group stock. The shares were acquired at an average price of GBX 251 ($3.42) per share, with a total value of £1,641.54 ($2,234.91).

Legal & General Group Price Performance

Shares of LGEN stock opened at GBX 253.88 ($3.46) on Friday. The stock has a 50 day moving average of GBX 241.93 and a two-hundred day moving average of GBX 237.58. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 12 month low of GBX 206.80 ($2.82) and a 12 month high of GBX 266.20 ($3.62). The company has a market capitalization of £14.88 billion, a P/E ratio of 46.87, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. As a group, equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.

Legal & General Group announced that its Board of Directors has approved a share buyback program on Wednesday, March 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 265 ($3.61) target price on shares of Legal & General Group in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 267 ($3.64).

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.