Mark Jordy, an insider at Legal & General Group Plc, purchased 1,076 shares of the company’s stock on December 1, 2023. The shares were acquired at an average price of GBX 244 each, amounting to a total investment of £2,625.44. This transaction highlights the confidence of company insiders in the firm’s ongoing performance.
Following this purchase, the stock of Legal & General Group experienced a slight increase, opening at GBX 249.69 on Thursday. The company currently holds a market capitalization of £14.06 billion and has a price-to-earnings ratio of 55.98. Its price-to-earnings-growth ratio stands at 2.34, while the stock has a beta of 1.31, indicating a relatively higher volatility compared to the market.
Company Financial Overview
Legal & General Group has shown a diverse financial profile, with a fifty-day moving average price of GBX 239.78 and a two-hundred-day moving average price of GBX 246.71. The company’s debt-to-equity ratio is notably high at 155.18, reflecting its leverage, while its current ratio is 1.50 and its quick ratio is 0.50, suggesting moderate liquidity.
Over the past twelve months, Legal & General Group has experienced stock fluctuations, with a low of GBX 206.80 and a high of GBX 266.20. Such movements indicate the volatility that can come with investments in the financial services sector.
About Legal & General Group
Legal & General Group Plc is a prominent provider of various insurance products and services, operating not only in the United Kingdom but also in the United States and other international markets. The company operates through several segments, including Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.
The recent insider transaction by Mark Jordy may signal positive sentiment regarding the company’s future prospects. Investors often view insider buying as a sign of confidence from those who have the most insight into the company’s performance.
As the financial landscape evolves, stakeholders will be closely monitoring further developments at Legal & General Group, particularly in light of recent trading patterns.
