Legal & General Group (LON:LGEN) Posts Earnings Results

Legal & General Group (LON:LGEN) posted its quarterly earnings data on Wednesday. The financial services provider reported GBX 2.89 ($0.04) EPS for the quarter, Digital Look Earnings reports. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%.

Legal & General Group Stock Performance

Shares of LON LGEN opened at GBX 240.76 ($3.12) on Wednesday. Legal & General Group has a one year low of GBX 211.40 ($2.74) and a one year high of GBX 266.20 ($3.45). The business’s 50-day moving average price is GBX 237.01 and its two-hundred day moving average price is GBX 229.13. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The company has a market capitalization of £14.11 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Insider Activity

In related news, insider John Kingman bought 677 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of GBX 243 ($3.15) per share, with a total value of £1,645.11 ($2,129.87). Also, insider Henrietta Baldock purchased 1,046 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was bought at an average price of GBX 236 ($3.06) per share, for a total transaction of £2,468.56 ($3,195.96). Insiders bought a total of 3,455 shares of company stock worth $822,935 in the last three months. 0.88% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.82) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.43) price objective on shares of Legal & General Group in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 267 ($3.46).

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 Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.