Legal & General Group Plc (LON:LGEN – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two equity research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 324.17 ($3.98).
Several equity research analysts have recently commented on the company. Royal Bank of Canada restated an “overweight” rating on shares of Legal & General Group in a research note on Tuesday, March 7th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 285 ($3.50) price target on shares of Legal & General Group in a research note on Tuesday. Berenberg Bank lowered Legal & General Group to a “hold” rating and cut their price target for the stock from GBX 345 ($4.24) to GBX 290 ($3.56) in a research note on Monday, January 30th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 355 ($4.36) price target on shares of Legal & General Group in a research note on Thursday, March 9th. Finally, Barclays cut their price target on Legal & General Group from GBX 397 ($4.88) to GBX 390 ($4.79) and set an “overweight” rating for the company in a research note on Tuesday, February 14th.
Legal & General Group Trading Down 1.2 %
LON:LGEN opened at GBX 238.90 ($2.94) on Friday. The company has a debt-to-equity ratio of 619.54, a current ratio of 1.22 and a quick ratio of 0.50. The firm has a market capitalization of £14.26 billion, a price-to-earnings ratio of 645.68, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39. Legal & General Group has a one year low of GBX 201.40 ($2.47) and a one year high of GBX 287.90 ($3.54). The business has a fifty-day moving average price of GBX 250.55 and a 200-day moving average price of GBX 247.27.
Legal & General Group Increases Dividends
The business also recently disclosed a dividend, which will be paid on Monday, June 5th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 13.93 ($0.17) per share. This represents a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, April 27th. This is an increase from Legal & General Group’s previous dividend of $5.44. Legal & General Group’s dividend payout ratio is 5,135.14%.
Insider Buying and Selling at Legal & General Group
In related news, insider John Kingman acquired 644 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was acquired at an average price of GBX 255 ($3.13) per share, with a total value of £1,642.20 ($2,017.69). In other Legal & General Group news, insider Ric Lewis purchased 1,285 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was purchased at an average price of GBX 255 ($3.13) per share, with a total value of £3,276.75 ($4,025.99). Also, insider John Kingman purchased 644 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was acquired at an average cost of GBX 255 ($3.13) per share, with a total value of £1,642.20 ($2,017.69). Insiders purchased 2,865 shares of company stock valued at $731,511 in the last 90 days. Insiders own 0.97% of the company’s stock.
Legal & General Group Company Profile
(Get Rating)
Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).
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