Legal & General Group (LON:LGEN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Legal & General Group Plc (LON:LGEN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 266.67 and traded as high as GBX 302.35. Legal & General Group shares last traded at GBX 300.85, with a volume of 16,425,861 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a report on Friday, May 1st. Citigroup lifted their price objective on Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Finally, Jefferies Financial Group cut Legal & General Group to an “underperform” rating and set a GBX 185 target price on the stock. in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Legal & General Group currently has an average rating of “Hold” and a consensus price target of GBX 251.

Legal & General Group Price Performance

The company has a debt-to-equity ratio of 1,100.04, a quick ratio of 0.50 and a current ratio of 59.08. The stock has a market capitalization of £16.47 billion, a PE ratio of 30.89, a P/E/G ratio of 2.34 and a beta of 0.79. The company’s fifty day simple moving average is GBX 280.61 and its two-hundred day simple moving average is GBX 266.67.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Ric Lewis purchased 931 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of GBX 253 per share, for a total transaction of £2,355.43. Also, insider Laura Wade-Gery acquired 988 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of GBX 253 per share, with a total value of £2,499.64. Insiders have acquired 8,519 shares of company stock valued at $2,299,198 over the last three months. Company insiders own 0.59% 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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.