Legal & General Group (LON:LGEN) Share Price Crosses Above 200-Day Moving Average of $240.88

Legal & General Group Plc (LON:LGEN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 240.88 ($3.03) and traded as high as GBX 248.90 ($3.13). Legal & General Group shares last traded at GBX 248 ($3.12), with a volume of 12,545,226 shares trading hands.

Wall Street Analysts Forecast Growth

LGEN has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 289 ($3.63) price target on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Barclays decreased their price objective on Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an “overweight” rating for the company in a report on Tuesday, February 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 307.80 ($3.87).

Legal & General Group Stock Performance

The stock has a market capitalization of £14.85 billion, a P/E ratio of 3,542.86, a P/E/G ratio of 2.34 and a beta of 1.34. The stock has a 50 day simple moving average of GBX 246.88 and a two-hundred day simple moving average of GBX 240.88. The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51.

Legal & General Group Increases Dividend

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

Insider Activity

In related news, insider António Simões sold 81,130 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.12), for a total value of £201,202.40 ($252,766.83). In related news, insider António Simões sold 81,130 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of GBX 248 ($3.12), for a total value of £201,202.40 ($252,766.83). Also, insider Henrietta Baldock acquired 1,026 shares of Legal & General Group stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 237 ($2.98) per share, with a total value of £2,431.62 ($3,054.80). In the last quarter, insiders bought 2,976 shares of company stock valued at $729,534 and sold 324,303 shares valued at $79,322,614. Insiders own 0.85% of the company’s stock.

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.