Legal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales.
Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252.
At the start of November, Legal and General reported a drop in sales in the third quarter although the company preferred to focus on its cash generation, which is said remains strong.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Operational cash rose to £736m in the three months to the end of September from £628m in the same period a year ago, while net cash generation was up 15% to £631m from £549m.
Latest Videos FromMoneyWeek
Top Director Buys
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,615 @ 452.22p
Value: £43,481
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,615 @ 447.91p
Value: £43,067
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,800 @ 437.24p
Value: £42,850
IP Group (IPO)
Director name: Mr Jonathan Brooks
Amount purchased: 60,000 @ 72.00p
Value: £43,200
Lok'n Store Group (LOK)
Director name: Mr Charles Peal
Amount purchased: 30,000 @ 97.51p
Value: £29,253
Helius Energy (HEGY)
Director name: Mr William Ingram Hill
Amount purchased: 250,000 @ 11.50p
Value: £28,750
XCAP Securities (XCAP)
Director name: Mr Daron Ross Lee
Amount purchased: 1,140,000 @ 1.75p
Value: £19,950
Global Petroleum Ltd. (GBP)
Director name: Mr Peter Hill
Amount purchased: 180,000 @ 11.00p
Value: £19,800
XCAP Securities (XCAP)
Director name: Mr Michael Andrew Frame FCA
Amount purchased: 857,000 @ 1.75p
Value: £14,998
Legal & General Group (LGEN)
Director name: Mr Henry Staunton
Amount purchased: 9,708 @ 105.60p
Value: £10,252
Top Director Sells
Johnson Matthey (JMAT)
Director name: Mr W F Sandford
Amount sold: 15,094 @ 1,873.69p
Value: £282,815
Sportingbet (SBT)
Director name: Mr Andrew McIver
Amount sold: 255,252 @ 31.50p
Value: £80,404
Volga Gas (VGAS)
Director name: Mr Vladimir Koshcheev
Amount sold: 50,000 @ 75.50p
Value: £37,750
NR
