Legal & General Group (LON:LGEN) Announces Quarterly Earnings Results

Legal & General Group (LON:LGEN) posted its quarterly earnings data on Monday. The financial services provider reported GBX 2.89 earnings per share for the quarter, reports. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%.

Legal & General Group Price Performance

LGEN opened at GBX 248 on Monday. The firm has a market cap of £13.96 billion, a PE ratio of 55.61, a P/E/G ratio of 2.34 and a beta of 1.31. The stock has a 50-day moving average price of GBX 241.24 and a 200-day moving average price of GBX 247.07. Legal & General Group has a 1 year low of GBX 206.80 and a 1 year high of GBX 266.20. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

Analyst Ratings Changes

LGEN has been the subject of a number of research analyst reports. Peel Hunt restated an “add” rating and issued a GBX 255 target price on shares of Legal & General Group in a research note on Wednesday, October 15th. Berenberg Bank increased their price objective on Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada raised their price objective on Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 257.25.

Insider Activity

In other news, insider John Kingman acquired 674 shares of Legal & General Group stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of GBX 244 per share, for a total transaction of £1,644.56. Also, insider Ric Lewis bought 928 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 244 per share, with a total value of £2,264.32. Over the last 90 days, insiders purchased 7,744 shares of company stock valued at $1,878,362. Company insiders own 0.57% of the company’s stock.

Legal & General Group Company Profile

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.