Insider Buying: Legal & General Group Plc (LON:LGEN) Insider Buys 677 Shares of Stock

Legal & General Group Plc (LON:LGEN) insider John Kingman acquired 677 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of GBX 243 ($3.13) per share, with a total value of £1,645.11 ($2,120.53).

John Kingman also recently made the following trade(s):

• On Thursday, January 2nd, John Kingman bought 716 shares of Legal & General Group stock. The stock was acquired at an average cost of GBX 230 ($2.96) per share, for a total transaction of £1,646.80 ($2,122.71).

Legal & General Group Stock Up 1.9 %

LON:LGEN opened at GBX 246.10 ($3.17) on Thursday. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market cap of £14.42 billion, a P/E ratio of 45.43, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group Plc has a fifty-two week low of GBX 211.40 ($2.72) and a fifty-two week high of GBX 266.20 ($3.43). The firm has a 50-day simple moving average of GBX 235.54 and a two-hundred day simple moving average of GBX 228.60.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LGEN. JPMorgan Chase & Co. lifted their price target on shares of Legal & General Group from GBX 290 ($3.74) to GBX 295 ($3.80) and gave the company an “overweight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.42) price target on shares of Legal & General Group in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 267 ($3.44).

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.