Legal & General Group Plc (OTCMKTS:LGGNY) Short Interest Update

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

Analysts Set New Price Targets

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

Legal & General Group Price Performance

Shares of OTCMKTS LGGNY traded up $0.08 during mid-day trading on Monday, hitting $16.09. 33,844 shares of the company were exchanged, compared to its average volume of 52,827. The stock has a 50 day simple moving average of $15.55 and a 200-day simple moving average of $14.88. Legal & General Group has a 1-year low of $13.51 and a 1-year high of $16.74.

Legal & General Group Increases Dividend

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

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.