Legal & General Group’s (LGEN) “Underperform” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Legal & General Group (LON:LGEN) in a report released on Wednesday morning, Marketbeat reports. Jefferies Financial Group currently has a GBX 185 target price on the financial services provider’s stock.

LGEN has been the subject of a number of other research reports. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, July 29th. Peel Hunt reissued an “add” rating and issued a GBX 320 price target on shares of Legal & General Group in a report on Tuesday. Citigroup increased their price target on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 308 price objective on shares of Legal & General Group in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 276.29.

Legal & General Group Stock Up 0.9%

Shares of LON LGEN opened at GBX 314.93 on Wednesday. Legal & General Group has a twelve month low of GBX 217.20 and a twelve month high of GBX 318.10. The stock’s 50 day moving average price is GBX 288.78 and its 200-day moving average price is GBX 269.80. The company has a market capitalization of £17.20 billion, a PE ratio of 32.33, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last released its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, research analysts expect that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Jordy bought 3,494 shares of the stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 303 per share, for a total transaction of £10,586.82. Insiders acquired 8,390 shares of company stock valued at $2,444,751 in the last 90 days. Insiders own 0.61% 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. 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.