Legal & General Group Plc (LON:LGEN – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 314.67 ($3.97).
Several research analysts have weighed in on LGEN shares. Barclays increased their target price on shares of Legal & General Group from GBX 330 ($4.17) to GBX 333 ($4.21) and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 335 ($4.23) target price on shares of Legal & General Group in a research note on Monday, May 22nd.
Read Our Latest Stock Analysis on Legal & General Group
Legal & General Group Stock Up 1.4 %
Legal & General Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Thursday, August 24th will be issued a dividend of GBX 5.71 ($0.07) per share. This represents a yield of 2.45%. The ex-dividend date is Thursday, August 24th. Legal & General Group’s dividend payout ratio (DPR) is presently 6,250.00%.
Insider Buying and Selling at Legal & General Group
In other Legal & General Group news, insider Ric Lewis bought 1,416 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 232 ($2.93) per share, with a total value of £3,285.12 ($4,148.93). In other Legal & General Group news, insider John Kingman bought 705 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were acquired at an average cost of GBX 229 ($2.89) per share, with a total value of £1,614.45 ($2,038.96). Also, insider Ric Lewis bought 1,416 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of GBX 232 ($2.93) per share, for a total transaction of £3,285.12 ($4,148.93). Insiders have acquired a total of 2,210 shares of company stock worth $509,448 over the last ninety days. Corporate insiders own 0.93% 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 four segments: Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail Retirement.
Further Reading
- Five stocks we like better than Legal & General Group
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- MarketBeat Week in Review – 9/4 – 9/8
- What is a Special Dividend?
- The Best 5 Small Cap AI Companies to Buy Now
- Investing in Travel Stocks Benefits
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for Legal & General Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group and related companies with MarketBeat.com's FREE daily email newsletter.
