Legal & General Group (LON:LGEN) Sets New 1-Year High – Here’s What Happened

Legal & General Group Plc (LON:LGEN) reached a new 52-week high during trading on Monday . The company traded as high as GBX 302.68 and last traded at GBX 298.10, with a volume of 13516094 shares traded. The stock had previously closed at GBX 299.60.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LGEN. Jefferies Financial Group downgraded shares of Legal & General Group to an “underperform” rating and set a GBX 185 target price on the stock. in a research report on Tuesday, May 5th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 255 target price on shares of Legal & General Group in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research note on Friday, May 1st. Finally, Citigroup upped their price objective on shares of Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Legal & General Group has an average rating of “Hold” and a consensus target price of GBX 256.

Legal & General Group Stock Down 0.7%

The firm has a market capitalization of £16.17 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The company has a debt-to-equity ratio of 1,100.04, a quick ratio of 0.50 and a current ratio of 59.08. The business’s 50 day moving average is GBX 283.41 and its 200-day moving average is GBX 267.63.

Insiders Place Their Bets

In other Legal & General Group news, insider Laura Wade-Gery acquired 988 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of GBX 253 per share, for a total transaction of £2,499.64. Also, insider Ric Lewis acquired 931 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of GBX 253 per share, with a total value of £2,355.43. In the last ninety days, insiders purchased 8,519 shares of company stock valued at $2,299,198. 0.59% of the stock is owned by company insiders.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.