Legal & General Group Plc (LON:LGEN) Insider Jeff Davies Sells 22,267 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 22,267 shares of Legal & General Group stock in a transaction on Saturday, April 13th. The shares were sold at an average price of GBX 248 ($3.09), for a total value of £55,222.16 ($68,744.13).

Legal & General Group Trading Down 0.1 %

Shares of LGEN opened at GBX 243 ($3.03) on Thursday. The stock’s 50-day moving average is GBX 245.84 and its two-hundred day moving average is GBX 238.06. The stock has a market cap of £14.53 billion, a PE ratio of 3,471.43, a P/E/G ratio of 2.34 and a beta of 1.34. Legal & General Group Plc has a 12 month low of GBX 203.10 ($2.53) and a 12 month high of GBX 259 ($3.22). The company has a debt-to-equity ratio of 1,372.51, a current ratio of 4.70 and a quick ratio of 0.50.

Legal & General Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 14.63 ($0.18) per share. This represents a dividend yield of 5.96%. The ex-dividend date is Thursday, April 25th. This is a boost from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s payout ratio is currently 28,571.43%.

Analyst Ratings Changes

A number of brokerages have recently commented on LGEN. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 289 ($3.60) price objective on shares of Legal & General Group in a research report on Friday, March 8th. Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Finally, Barclays lowered their price target on Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 307.80 ($3.83).

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.