Short Interest in Legal & General Group Plc (OTCMKTS:LGGNY) Decreases By 34.8%

Legal & General Group Plc (OTCMKTS:LGGNY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 48,900 shares, a drop of 34.8% from the February 28th total of 75,000 shares. Based on an average trading volume of 108,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Legal & General Group Stock Up 0.3 %

Shares of Legal & General Group stock traded up $0.05 on Friday, reaching $16.01. 40,332 shares of the company were exchanged, compared to its average volume of 53,344. Legal & General Group has a 1-year low of $13.51 and a 1-year high of $16.74. The company’s 50-day moving average is $15.55 and its two-hundred day moving average is $14.88.

Legal & General Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, April 25th will be paid a $0.9943 dividend. This is a boost from Legal & General Group’s previous dividend of $0.36. The ex-dividend date of this dividend is Friday, April 25th.

Analysts Set New Price Targets

A number of equities analysts have commented on LGGNY shares. UBS Group raised shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised shares of Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

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.