Legal & General Group Plc Announces Dividend of GBX 6 (LON:LGEN)

Legal & General Group Plc (LON:LGEN) declared a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 6 ($0.08) per share by the financial services provider on Friday, September 27th. This represents a dividend yield of 2.77%. The ex-dividend date is Thursday, August 22nd. The official announcement can be accessed at this link.

Legal & General Group Price Performance

LON LGEN opened at GBX 231.80 ($3.01) on Wednesday. The company’s 50 day simple moving average is GBX 228.03 and its 200 day simple moving average is GBX 239.85. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. The firm has a market capitalization of £13.63 billion, a PE ratio of 4,604.00, a P/E/G ratio of 2.34 and a beta of 1.36. Legal & General Group has a 12 month low of GBX 203.10 ($2.64) and a 12 month high of GBX 259 ($3.37).

Insider Buying and Selling

In other Legal & General Group news, insider Laura Wade-Gery bought 926 shares of the stock in a transaction on Monday, July 1st. The shares were bought at an average price of GBX 230 ($2.99) per share, with a total value of £2,129.80 ($2,767.41). In other Legal & General Group news, insider Henrietta Baldock acquired 957 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average price of GBX 254 ($3.30) per share, with a total value of £2,430.78 ($3,158.50). Also, insider Laura Wade-Gery acquired 926 shares of Legal & General Group stock in a transaction that occurred on Monday, July 1st. The stock was acquired at an average cost of GBX 230 ($2.99) per share, with a total value of £2,129.80 ($2,767.41). In the last ninety days, insiders acquired 10,919 shares of company stock valued at $2,701,876. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LGEN. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 285 ($3.70) price objective on shares of Legal & General Group in a research report on Wednesday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 255 ($3.31) price target on shares of Legal & General Group in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Legal & General Group from GBX 300 ($3.90) to GBX 275 ($3.57) and set a “buy” rating for the company in a research note on Tuesday, June 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 289 ($3.76) target price on shares of Legal & General Group in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 245 ($3.18) price target on shares of Legal & General Group in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Legal & General Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 279 ($3.63).

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.