Legal & General Group (LON:LGEN) Insider Ric Lewis Purchases 931 Shares

Legal & General Group Plc (LON:LGEN) insider Ric Lewis purchased 931 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of GBX 253 per share, with a total value of £2,355.43.

Ric Lewis also recently made the following trade(s):

• On Monday, March 2nd, Ric Lewis purchased 851 shares of Legal & General Group stock. The stock was bought at an average price of GBX 267 per share, with a total value of £2,272.17.
• On Monday, February 2nd, Ric Lewis purchased 856 shares of Legal & General Group stock. The stock was bought at an average price of GBX 265 per share, with a total value of £2,268.40.

Legal & General Group Stock Performance

Shares of LGEN stock traded up GBX 3.20 during trading on Friday, hitting GBX 254.90. The company had a trading volume of 1,569,091,375 shares, compared to its average volume of 60,864,945. The firm has a market capitalization of £14.31 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The stock’s 50-day moving average price is GBX 255.54 and its 200 day moving average price is GBX 253.97. Legal & General Group Plc has a one year low of GBX 217.20 and a one year high of GBX 279.50.

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

Legal & General Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LGEN. Royal Bank Of Canada raised their target price on Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a report on Monday, March 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday. The Goldman Sachs Group increased their price target on Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, Citigroup increased their price target on Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a research note on Tuesday, March 24th. Two 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. Based on data from MarketBeat.com, Legal & General Group has an average rating of “Hold” and a consensus target price of GBX 261.67.

Key Headlines Impacting Legal & General Group

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Multiple insider purchases by senior directors (Sir John Kingman, Mark Jordy, Ric Lewis, Laura Wade-Gery) — insider buying signals management confidence and often supports the share price; purchases were at ~GBX 253. Legal & General Discloses Routine Share Purchases by Non-Executive Directors
• Positive Sentiment: Berenberg reaffirmed a “buy” rating and set a GBX 308 price target — analyst support and a materially higher target vs. current levels can attract buyers. Broker Views / Berenberg Rating
• Positive Sentiment: Media note highlighting Legal & General’s strong dividend (reported ~8.8% yield in recent write-ups) — income-focused investors may be adding exposure given high yield vs. FTSE peers. Legal And General Share Price: The 8.8% Dividend That’s Quietly Beating the FTSE
• Positive Sentiment: Share buyback reporting / voting-rights update indicates active capital management — buybacks reduce float and are typically supportive for the share price. Legal & General Updates Share Capital and Voting Rights After Buyback
• Neutral Sentiment: TPFG acquired a 25% stake in Meridian HoldCo (parent of L&G Surveying Services) — strategic partner activity could create optionality but impact on group earnings is indirect. TPFG Takes Strategic Stake in Legal & General Surveying Services Parent
• Neutral Sentiment: Admission of new shares under the sharesave scheme was announced (137,479 shares admitted) — routine employee scheme issuance that slightly increases free float but is small in scale. Legal & General Adds Sharesave Scheme Stock to London Listing
• Negative Sentiment: Small dilution from admitted shares / share-capital movements — while minor, any increase in share count offsets some buyback support and can be seen as modestly negative by short-term traders. Legal & General Updates Share Capital and Voting Rights After Buyback

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.