L&G non-exec buys

Legal & General non-executive director Ronaldo Schmitz has bought shares worth nearly £100,000 in the insurer.Schmitz acquired 160,000 shares in five separate transactions at a price range of 62.05p-65.4p each. His holding has now increased to 297,000 shares.Yesterday L&G tumbled after posting a 92% plunge in half-year operating profit, which prompted a 45% cut in the dividend. European embedded value (EEV) operating profit rose 12% to £657m for the six months to 30 June, up from £589m a year ago, but it slumped to £31m from £391m on an IFRS basis.There was also an IFRS pre-tax loss of £143m versus a deficit of £44m last time.Top Director BuysLegal & General Group (LGEN) Director name: Dr Dr Ronaldo H SchmitzAmount purchased: 65,862 @ 62.40p Value: £41,098Mountview Estate (MTVW) Director name: Mr K Langrish-SmithAmount purchased: 1,000 @ 3,100.00p Value: £31,000Legal & General Group (LGEN) Director name: Dr Dr Ronaldo H SchmitzAmount purchased: 35,108 @ 62.30p Value: £21,872Legal & General Group (LGEN) Director name: Dr Dr Ronaldo H SchmitzAmount purchased: 24,113 @ 62.20p Value: £14,998Rathbone Brothers (RAT) Director name: Mr Paul D G ChavasseAmount purchased: 1,625 @ 779.50p Value: £12,667Top Director SellsSt. Modwen Properties (SMP) Director name: Mr C C A GlossopAmount sold: 552,118 @ 216.00p Value: £1,192,575Investec (INVP) Director name: Mr Glynn BurgerAmount sold: 180,000 @ 403.00p Value: £725,400St. Modwen Properties (SMP) Director name: Mr W. A.(Bill) OliverAmount sold: 202,960 @ 216.00p Value: £438,394Moneysupermarket.com (MONY) Director name: Mr Paul Harris DoughtyAmount sold: 143,464 @ 70.10p Value: £100,568St. Modwen Properties (SMP) Director name: Mr Tim HaywoodAmount sold: 10,000 @ 214.50p Value: £21,450Rathbone Brothers (RAT) Director name: Mr Paul D G ChavasseAmount sold: 2,000 @ 778.50p Value: £15,570