Legal & General Group (LON:LGEN) Hits New 12-Month Low at $210.70

Legal & General Group Plc (LON:LGEN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 210.70 ($2.75) and last traded at GBX 241 ($3.15), with a volume of 15554034 shares changing hands. The stock had previously closed at GBX 233.60 ($3.05).

LGEN has been the topic of several recent research reports. UBS Group restated a “sell” rating and set a GBX 200 ($2.61) target price (down from GBX 215 ($2.81)) on shares of Legal & General Group in a research report on Thursday, September 5th. Barclays upped their target price on shares of Legal & General Group from GBX 320 ($4.18) to GBX 331 ($4.33) and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Deutsche Bank restated a “buy” rating on shares of Legal & General Group in a research report on Tuesday, September 3rd. Credit Suisse Group upped their target price on shares of Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the company an “underperform” rating in a research report on Monday, July 22nd. Finally, HSBC reissued a “hold” rating on shares of Legal & General Group in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Legal & General Group has an average rating of “Hold” and an average price target of GBX 291.56 ($3.81).

The company has a current ratio of 1.45, a quick ratio of 0.45 and a debt-to-equity ratio of 51.72. The company has a market capitalization of $14.37 billion and a PE ratio of 8.05. The stock’s 50-day moving average is GBX 237.66 and its two-hundred day moving average is GBX 260.36.

The company also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 15th were given a GBX 4.93 ($0.06) dividend. This represents a yield of 2.03%. The ex-dividend date of this dividend was Thursday, August 15th. Legal & General Group’s dividend payout ratio (DPR) is currently 0.52%.

In related news, insider Henrietta Baldock bought 711 shares of Legal & General Group stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of GBX 261 ($3.41) per share, with a total value of £1,855.71 ($2,424.81). Also, insider Toby Strauss bought 1,242 shares of Legal & General Group stock in a transaction dated Monday, September 2nd. The shares were bought at an average cost of GBX 221 ($2.89) per share, for a total transaction of £2,744.82 ($3,586.59). Insiders purchased a total of 3,057 shares of company stock worth $734,949 over the last three months.

Legal & General Group Company Profile (LON:LGEN)

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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