Legal & General Group Plc (LGEN) Stock Price Down 0.4%
Legal & General Group Plc (LON:LGEN)’s share price dropped 0.4% during trading on Tuesday . The company traded as low as GBX 261 ($3.46) and last traded at GBX 261.70 ($3.47). Approximately 11,503,322 shares changed hands during trading, a decline of 21% from the average daily volume of 14,560,600 shares. The stock had previously closed at GBX 262.70 ($3.48).
Several brokerages recently weighed in on LGEN. Societe Generale reaffirmed a “hold” rating and set a GBX 250 ($3.32) target price on shares of Legal & General Group Plc in a research note on Thursday, August 10th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 290 ($3.85) price objective on shares of Legal & General Group Plc in a research report on Wednesday, August 23rd. Barclays PLC reiterated an “overweight” rating on shares of Legal & General Group Plc in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) decreased their target price on Legal & General Group Plc from GBX 255 ($3.38) to GBX 250 ($3.32) and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, Macquarie lifted their target price on Legal & General Group Plc from GBX 201 ($2.67) to GBX 218 ($2.89) and gave the company an “underperform” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 253.63 ($3.36).
The company’s market capitalization is GBX 15.53 billion. The stock’s 50 day moving average is GBX 260.08 and its 200 day moving average is GBX 257.38.
The business also recently disclosed a dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 17th were given a dividend of GBX 4.30 ($0.06) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend was Thursday, August 17th.
In related news, insider John Kingman purchased 629 shares of Legal & General Group Plc stock in a transaction on Monday, October 2nd. The stock was bought at an average price of GBX 261 ($3.46) per share, with a total value of £1,641.69 ($2,177.60). Also, insider Toby Strauss purchased 934 shares of Legal & General Group Plc stock in a transaction on Tuesday, August 1st. The stock was bought at an average cost of GBX 269 ($3.57) per share, with a total value of £2,512.46 ($3,332.62). In the last quarter, insiders acquired 2,433 shares of company stock valued at $641,141.
Legal & General Group Plc 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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