Andrew Kail Purchases 73 Shares of Legal & General Group (LON:LGEN) Stock

Legal & General Group Plc (LON:LGEN) insider Andrew Kail bought 73 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of GBX 302 per share, for a total transaction of £220.46.

Andrew Kail also recently made the following trade(s):

• On Thursday, July 2nd, Andrew Kail purchased 78 shares of Legal & General Group stock. The shares were purchased at an average price of GBX 287 per share, with a total value of £223.86.
• On Monday, June 1st, Andrew Kail acquired 82 shares of Legal & General Group stock. The shares were bought at an average price of GBX 268 per share, for a total transaction of £219.76.

Legal & General Group Stock Down 0.3%

Shares of LGEN stock traded down GBX 1.02 on Tuesday, hitting GBX 302.78. The stock had a trading volume of 16,554,684 shares, compared to its average volume of 35,423,285. The firm has a market capitalization of £16.57 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 2.34 and a beta of 0.79. The stock’s 50 day moving average is GBX 285.87 and its 200-day moving average is GBX 268.62. 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. Legal & General Group Plc has a 52-week low of GBX 217.20 and a 52-week high of GBX 310.

Analysts Set New Price Targets

LGEN has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a research report on Friday, May 1st. Citigroup increased their target price on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Peel Hunt reiterated an “add” rating and issued a GBX 320 target price on shares of Legal & General Group in a report on Tuesday. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 255 price target on shares of Legal & General Group in a report on Wednesday, July 29th. Finally, Jefferies Financial Group downgraded Legal & General Group to an “underperform” rating and set a GBX 185 target price for the company. in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Legal & General Group presently has an average rating of “Hold” and a consensus target price of GBX 265.29.

More Legal & General Group News

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Peel Hunt reaffirmed its “add” rating and set a GBX 320 price target, implying further upside from recent levels and providing a positive near-term signal for Legal & General Group (LGEN). Digital Look broker views
• Positive Sentiment: Non-executive director Mark Jordy purchased 3,494 shares at approximately GBX 303, worth £10,586.82. The transaction follows additional purchases in June and July, potentially signaling management confidence in the company’s valuation and prospects. Insider buying report
• Positive Sentiment: Legal & General repurchased and canceled 1.75 million ordinary shares. Buybacks reduce the share count and can support earnings per share and shareholder returns, while the accompanying voting-rights update confirms the capital reduction. Share cancellation announcement
• Neutral Sentiment: The company admitted 169,845 new shares to the London Stock Exchange under an employee share scheme. The issuance is operationally routine but modestly offsets the benefit of share repurchases through limited dilution. Employee share scheme announcement
• Negative Sentiment: Analyst opinion remains divided. RBC and Jefferies maintain “underperform” ratings, while Citi is neutral and Berenberg is bullish. The reported consensus is “Hold” with an average GBX 256 target, well below current trading levels, suggesting valuation concerns could limit additional gains.

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. 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.