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

Legal & General Group Plc (LON:LGEN) insider Jeff Davies sold 22,267 shares of the company’s 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 Stock Performance

Shares of LGEN stock traded down GBX 0.30 ($0.00) during trading on Wednesday, reaching GBX 243 ($3.03). 14,659,346 shares of the company’s stock were exchanged, compared to its average volume of 12,715,607. The firm’s fifty day moving average price is GBX 245.86 and its 200-day moving average price is GBX 238.03. The stock has a market capitalization of £14.53 billion, a PE ratio of 3,487.14, a PEG ratio of 2.34 and a beta of 1.34. Legal & General Group Plc has a twelve month low of GBX 203.10 ($2.53) and a twelve month high of GBX 259 ($3.22). 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 business also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 14.63 ($0.18) per share. This represents a dividend yield of 5.96%. This is an increase from Legal & General Group’s previous dividend of $5.71. The ex-dividend date of this dividend is Thursday, April 25th. Legal & General Group’s dividend payout ratio is presently 28,571.43%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Barclays lowered their price target on Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.60) target price on shares of Legal & General Group in a report on Friday, March 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.