Legal & General Group (LGEN) Shares Down 0.5%

Legal & General Group Plc (LON:LGEN) shares traded down 0.5% during trading on Wednesday . The stock traded as low as GBX 251.30 ($3.47) and last traded at GBX 252.60 ($3.49). 14,230,000 shares traded hands during trading, a decline of 10% from the average session volume of 15,840,000 shares. The stock had previously closed at GBX 253.80 ($3.51).

Several research analysts have commented on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 218 ($3.01) price objective on shares of Legal & General Group in a research report on Thursday, December 7th. Deutsche Bank boosted their price objective on shares of Legal & General Group from GBX 270 ($3.73) to GBX 305 ($4.21) and gave the company a “hold” rating in a research report on Thursday, January 4th. Barclays boosted their price objective on shares of Legal & General Group from GBX 279 ($3.85) to GBX 294 ($4.06) and gave the company an “overweight” rating in a research report on Monday, December 11th. Citigroup raised shares of Legal & General Group to a “buy” rating and set a GBX 296 ($4.09) target price on the stock in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Legal & General Group has an average rating of “Hold” and an average price target of GBX 267.71 ($3.70).

The firm has a market cap of $15,050.00 and a P/E ratio of 971.54.

In other Legal & General Group news, insider John Kingman acquired 1,282 shares of Legal & General Group stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of GBX 273 ($3.77) per share, with a total value of £3,499.86 ($4,835.40). Also, insider Toby Strauss acquired 927 shares of Legal & General Group stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of GBX 271 ($3.74) per share, for a total transaction of £2,512.17 ($3,470.81). In the last three months, insiders purchased 3,159 shares of company stock worth $852,003.

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Legal & General Group Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

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