Legal & General Group Plc (LON:LGEN – Get Free Report) has been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 307.80 ($3.80).
A number of brokerages have recently commented on LGEN. Barclays dropped their price objective on shares of Legal & General Group from GBX 336 ($4.15) to GBX 325 ($4.01) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 289 ($3.57) price target on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd.
Get Our Latest Stock Report on LGEN
Legal & General Group Stock Performance
Legal & General Group Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be issued a dividend of GBX 14.63 ($0.18) per share. This represents a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Legal & General Group’s previous dividend of $5.71. Legal & General Group’s payout ratio is currently 28,571.43%.
Insider Transactions at Legal & General Group
In related news, insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.00), for a total value of £536,801.58 ($663,045.43). In related news, insider Laura Wade-Gery acquired 712 shares of Legal & General Group stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of GBX 257 ($3.17) per share, for a total transaction of £1,829.84 ($2,260.18). Also, insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.00), for a total transaction of £536,801.58 ($663,045.43). In the last quarter, insiders have purchased 2,662 shares of company stock worth $669,356 and have sold 324,303 shares worth $79,322,614. Insiders own 0.85% of the company’s stock.
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.
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