Legal & General Group (LON:LGEN) Stock: Insider Mark Jordy Buys 3,671 Shares

Legal & General Group Plc (LON:LGEN) insider Mark Jordy bought 3,671 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of GBX 288 per share, for a total transaction of £10,572.48.

Mark Jordy also recently made the following trade(s):

• On Tuesday, September 1st, Mark Jordy bought 3,651 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 290 per share, for a total transaction of £10,587.90.
• On Monday, August 3rd, Mark Jordy purchased 3,494 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 303 per share, with a total value of £10,586.82.

Legal & General Group Trading Down 2.2%

LON:LGEN traded down GBX 6.40 on Thursday, hitting GBX 285.60. 20,744,373 shares of the stock were exchanged, compared to its average volume of 37,447,480. The stock has a fifty day moving average of GBX 296.47 and a 200-day moving average of GBX 277.93. The stock has a market cap of £15.49 billion, a PE ratio of 7.97, a PEG ratio of 2.34 and a beta of 0.79. Legal & General Group Plc has a fifty-two week low of GBX 217.20 and a fifty-two week high of GBX 318.10.

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LGEN shares. JPMorgan Chase & Co. decreased their price objective on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a research note on Thursday, August 13th. Berenberg Bank lifted their target price on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup cut shares of Legal & General Group to a “sell” rating and decreased their price target for the stock from GBX 251 to GBX 245 in a research report on Monday, August 10th. Peel Hunt reiterated an “add” rating and issued a GBX 320 price target on shares of Legal & General Group in a report on Tuesday, August 4th. Finally, 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. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of GBX 276.86.

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.