Legal & General Group Plc (LON:LGEN) Receives GBX 307.80 Average PT from Analysts

Shares of Legal & General Group Plc (LON:LGEN) have been assigned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 307.80 ($3.80).

Several brokerages have recently weighed in on LGEN. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 289 ($3.57) price target on shares of Legal & General Group in a research report on Friday, March 8th. Finally, Barclays lowered their price target on shares of Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating for the company in a research report on Tuesday, February 20th.

Legal & General Group Price Performance

Legal & General Group stock opened at GBX 253.10 ($3.13) on Friday. The stock has a market cap of £15.14 billion, a price-to-earnings ratio of 3,615.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. 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 has a 1 year low of GBX 203.10 ($2.51) and a 1 year high of GBX 259 ($3.20). The firm has a 50-day moving average of GBX 246.88 and a two-hundred day moving average of GBX 239.23.

Legal & General Group Increases Dividend

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

Insider Buying and Selling

In other news, insider António Simões sold 81,130 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.06), for a total value of £201,202.40 ($248,520.75). In other Legal & General Group news, insider António Simões sold 81,130 shares of Legal & General Group stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.06), for a total transaction of £201,202.40 ($248,520.75). Also, insider Jeff Davies sold 220,906 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.00), for a total value of £536,801.58 ($663,045.43). Over the last three months, insiders have bought 2,662 shares of company stock valued at $669,356 and have sold 324,303 shares valued at $79,322,614. 0.85% of the stock is currently owned by insiders.

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.