Legal & General Group (LGEN) Shares Down 0.5%

Legal & General Group Plc (LON:LGEN)’s share price dropped 0.5% during trading on Wednesday . The company traded as low as GBX 251.30 ($3.47) and last traded at GBX 252.60 ($3.49). Approximately 14,230,000 shares traded hands during trading, a decline of 10% from the average daily volume of 15,840,000 shares. The stock had previously closed at GBX 253.80 ($3.51).

LGEN has been the subject of a number of research analyst reports. Barclays lifted their price target on Legal & General Group from GBX 279 ($3.85) to GBX 294 ($4.06) and gave the stock an “overweight” rating in a report on Monday, December 11th. Shore Capital reiterated a “buy” rating on shares of Legal & General Group in a report on Tuesday, November 14th. Royal Bank of Canada reiterated an “outperform” rating on shares of Legal & General Group in a report on Wednesday, January 17th. Numis Securities upgraded Legal & General Group to an “add” rating and set a GBX 305 ($4.21) price target for the company in a report on Friday, November 3rd. Finally, Citigroup upgraded Legal & General Group to a “buy” rating and set a GBX 296 ($4.09) price target for the company in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Legal & General Group currently has a consensus rating of “Hold” and an average target price of GBX 267.71 ($3.70).

The firm has a market capitalization of $15,050.00 and a price-to-earnings ratio of 971.54.

In other Legal & General Group news, insider John Kingman purchased 1,282 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was bought at an average cost of GBX 273 ($3.77) per share, for a total transaction of £3,499.86 ($4,835.40). Also, insider Toby Strauss purchased 927 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of GBX 271 ($3.74) per share, with a total value of £2,512.17 ($3,470.81). In the last 90 days, insiders have bought 3,159 shares of company stock valued at $852,003.

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Legal & General Group 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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