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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Legal & General Group Plc | LGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.40 | -0.60% | 232.20 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 233.40 | 231.20 | 234.00 | 232.20 | 233.60 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/03/2024 | Interim | GBP | 0.06 | 22/08/2024 | 23/08/2024 | 27/09/2024 |
| 06/03/2024 | Final | GBP | 0.1463 | 25/04/2024 | 26/04/2024 | 06/06/2024 |
| 08/03/2023 | Interim | GBP | 0.0571 | 24/08/2023 | 25/08/2023 | 26/09/2023 |
| 08/03/2023 | Final | GBP | 0.1393 | 27/04/2023 | 28/04/2023 | 05/06/2023 |
| 09/03/2022 | Interim | GBP | 0.0544 | 18/08/2022 | 19/08/2022 | 26/09/2022 |
| 09/03/2022 | Final | GBP | 0.1327 | 21/04/2022 | 22/04/2022 | 01/06/2022 |
| 10/03/2021 | Interim | GBP | 0.0518 | 12/08/2021 | 13/08/2021 | 20/09/2021 |
| 10/03/2021 | Final | GBP | 0.1264 | 15/04/2021 | 16/04/2021 | 27/05/2021 |
| 18/12/2019 | Interim | GBP | 0.0493 | 13/08/2020 | 14/08/2020 | 24/09/2020 |
| 18/12/2019 | Final | GBP | 0.1264 | 23/04/2020 | 24/04/2020 | 04/06/2020 |
| Top Posts |
|---|
Posted at 19/1/2025 10:54 by skinny Simoes might be looking for some empathy himself given that shareholders have given a far from enthusiastic response to his first year in charge. His strategy day in June was greeted with a 5 per cent fall in the share price, and the stock is now down 3.5 per cent since he arrived.The main part of his plan at L&G is to put the company’s giant asset management business at the heart of its future growth. This has meant merging Legal & General Investment Management (LGIM), which largely invests in stock market companies, with Legal & General Capital, which backs private projects such as clean energy. He has also installed a new boss, the American Eric Adler, to run the business, replacing LGIM’s popular leader Michelle Scrimgeour. Operations not key to the strategy will be ditched, and housebuilder Cala Homes has already gone under the hammer. The idea is that two other divisions will fire up the asset management powerhouse: retail, which has 12.5 million UK policyholders or workplace pension members; and bulk purchase annuities, the arm that buys companies’ pension schemes, taking the risks away from the employer. Both divisions are targeting expansion in the US. The negative stock market reaction to L&G has largely been caused by a change to its dividend policy. Wilson had shunned share buybacks but Simoes was under pressure from some investors to introduce them. So, he came up with a compromise: a £200 million buyback but a reduction in the growth of future dividends. “I had spoken to many shareholders, so I knew on the day I was going to disappoint a few people,” he says. “But that had to be done. I went into it with my eyes open. I wanted something that was ambitious and visionary but realistic in terms of delivery.” Simoes believes the new strategy will give him more flexibility to invest in the business than the previous dividend policy would have allowed. “Would I prefer the share price to go up? Yes! I don’t think I’ve meet a CEO that wouldn’t. But it will come,” he explains. |
Posted at 16/1/2025 16:04 by netcurtains My little online system says these are the top10 FTSE100 dividend yield companies (highest at top)PHNX ABDN MNG LGEN PNN (Pennon) TW. (Taylor Wimpey) BATS VOD LAND AV. (I have the top 4) |
Posted at 11/1/2025 14:34 by pierre oreilly 7348F, another lady also had to lie to get her high profile job - ironically the first specialist of the truth people at the beeb, BBC Verify, Mariana Spring. (And already being accused of being biased in their truth reporting, quelle surprise). And why aren't the beeb reporting the truth anyhow, without the truth dept?. Anyhow back to lgen. Plenty of posts giving reasons for (lgen's and others) fall. To get any meaning to a price move, the general ftse move has to be referenced. If the ftse fall 4% and lgen falls 3%, then that implies lgen's business is better than the rest (and vv). Doesn't help the 80p in your pocket, but it does give an insight into the business which just focussing on the share price alone doesn't. imv. |
Posted at 09/1/2025 04:59 by jordaggy Old now but maybe? worth a re-read...Capital markets days are usually sedate events. Companies give presentations at the stock exchange, there is generally a decent lunch, and investors and lenders get to rub shoulders with the management and ask a few tame questions. By contrast, the recent capital markets day for Legal & General (LGEN) was an altogether more surprising affair, with new chief executive António Simões handed the unenviable task of telling investors that their dividends are not going to grow as fast over the next couple of years as expected. The market did not take the news well on the day, sending the shares down 5 per cent. Legal & General has recovered slightly since then, but the shares are still down 8 per cent in the year to date. The news allowed two impressions to form. Firstly, that Simões had been given a hospital pass by his much-lauded predecessor Sir Nigel Wilson. Secondly, that Legal & General is perhaps not as cash-generative as many analysts and investors had assumed. The new chief executive, who is a banker by training and headed Santander Spain before joining L&G, at least handled the task well, coming across as business-like during his presentation and as someone who has already taken some difficult decisions. 'Lacks ambition' Simões said buybacks would "more than offset" the lower dividend growth plans. "Having listened to shareholders, I believe that the combination of dividend growth... share buybacks is the right solution," he added. Still, Berenberg analyst Thomas Bateman articulated the market’s doubts over the implications of its new dividend policy: “The new 2 per cent [dividend] growth target implies that the total cash outlay will rise at 1 per cent annually in 2024-27. This signals to investors that the cash generation of the business is not increasing and it is at odds with the volume growth and [earnings per share] growth of the business.” This confirms some of our doubts over the sustainability of L&G’s dividend expressed at the end of last year. There were also issues with the new asset management operating profit target of £500mn-£600mn by 2028, which implies a compounded annual growth rate of 2 per cent, something that “lacks ambition” in Bateman’s view. Ultimately, the bulk annuities business should generate cash flow, but this is still ramping up and is some way off maturing; the company has been building this division up and completed £13.7bn of bulk annuities underwriting last year. Bateman wondered whether there should be concerns over the margins in this business, but also said that cash generation should “explode” However, it is still the speed at which L&G can turn assets added to its pension transfers business into cash flow that analysts will puzzle over. One measure to watch is 'store of future profit' projections under IFRS 17 – for every £10bn of business it writes, L&G expects to earn £800mn in future profits, notwithstanding changes in interest rates, according to the company. Current projections are that capital generation will be an annualised £1.8bn between 2024 and 2027, based on a total of £5bn-£6bn, slightly higher than the previous target. Currently, this easily covers the dividend of £1.1bn, plus the projected £200mn of buybacks for this year. The buybacks will play an important role in bridging the gap where the mid-single-digit growth in the dividend had been. Is asset management worth the cost? Aside from Berenberg's worries, reforms to the company’s asset management divisions generally attracted more positive commentary, with a new single entity taking over from a private markets division and the LGIM asset manager arm. This was generally welcomed as proof that L&G is serious about improving its asset management offering, although the lack of a heavyweight chief executive to oversee the new combination once it is completed is a worry until an appointment is confirmed. LGIM’s current highly experienced chief executive, Michelle Scrimgeour, who joined LGIM in 2019 after a long career at some of the market’s largest asset managers, will step down after the changes are implemented. One regular gripe with asset management is that the investment arm has pushed up the cost-to-income ratio to 70 per cent in the last set of results without generating the same level of profit. Fielding questions from analysts, the chief executive explained the rationale for keeping the business: “The advantage of asset management is that it compounds all the time. If we keep the mandates, then fees will keep compounding. It takes longer but eventually through to 2028 the business becomes a bigger portion of the whole business.” The other noteworthy reform was L&G's goal for its private markets division – the company plans to double the amount of private assets on the balance sheet from the current £48bn to £85bn by 2028. Given that new management has only been in place a few months, it seems likely that Simões will be given the time he needs to complete the restructuring of the company and manage everyone’s expectations over the dividend. The reason the reaction was so forceful reflects L&G’s status as one of the top five dividend payers on the London market, a cornerstone for many an income investor or pension fund. Investors may have more choice when it comes to income from insurance companies, however. Phoenix (PHNX) has made an aggressive push to be the preferred income insurance share after renouncing mega-acquisitions and bringing in a progressive dividend policy earlier this year. Still, if L&G’s restructuring is to be ultimately successful, that will reinforce the payout. |
Posted at 05/1/2025 11:16 by marksp2011 @LLBthe low return on UK is clear to see but why is the market undervalued? low return for low growth seems fair to me. there are def gold nuggets buried in the dross but as a cap weighted index why would anyone expect strong performance? US Mid Caps are larger than most of the FTSE100 constituents LGEN, PHNX and MNG are all bond proxies offering low single digit growth Aviva seems to have some legs but primarily in GI. XPS is probably the best bet. LGEN and MNG are both great trading stocks but as investments they are pretty poor. Comparing the Total Return, capital and divis of LGEN v FT100 I year +2.14 v 11.9% 3 year -1.08 v +7,64 5 year +1,1 v +5.27 Over 1 and 3 years, LGEN has underperformed a Money market fund in TR terms. That is truly dire. Over that 3 year period, the share price has been between 307 and 207 so plenty of trading opportunities Just for completeness Aviva v XPS total return over 1, 3 and 5 years AV. v XPS I year 18% v 50 3 Year 18% v 38 5 year 11% v 23 I really struggle with why PIs hold LGEN/MNG. It is a bad investment, worse than a money market fund I have noticed people buying low and making a good capital profit but, they dont recycle the capital and then top up again when the share price drops. All that leaves then with is a greater and greater exposure to a bad investment You can make decent money trading in dogs. My current capital commitment in dec is £4500 but I have roughly 2500 shares by buying low and then selling to get back my investment leaving the profit in shares all done trading blocks of 2k shares but it really isn't a game for anyone with a pacemaker fitted. :) |
Posted at 29/12/2024 15:48 by netcurtains Its true that economic policy does affect LGEN share price (eg LGEN peaked during Labours boom years and then went sideways during the Conservative malaise). But as investors its not about PARTIES its about specific policies and specific "events/news" items. Being a leftie or a rightie or a liberal is pretty much meaningless when it comes to LGENs share price.2025 will not be about Republicanism it will be about specific new US policies. It will be about what MUSK and TRUMP will actually do - NOT the fact that they are republicans. If they get peace in UKRAINE and or MIDDLE EAST we could find mini-UK stock market boom and thus a significant rise in LGEN.... |
Posted at 19/12/2024 12:25 by cyberian Also added at opening as excellent value with both growth prospects and a nice dividend yield which currently appears more attractive than Aviva. The latter was a strong holding until they increased their proposed offer for Direct Line which maybe reversed before decision day on 25th December. However, this is not playing out well for their CEO after a more or less faultless run. LGEN has this new dynamic fund manager from PRU Eric Adler and I believe that the board will match their growth expectations as stated in the November 4th presentation. The doubts surrounding the effect of a Trump administration is secondary to the performance of LGEN imho, and investors will return here for more assured returns. It could be a bumpy ride in the USA for a while and until we see how Trump's team progress. I personally believe that his current statements/plans will be railed back and that a more balanced and sensible approach will prevail. |
Posted at 12/12/2024 12:52 by cyberian I feel at a loss to understand why there is not a stronger forward momentum here with such a strong management team in place and range of services encouraging substantial growth. The latter was reinforced in their 4th December presentation, and with Eric Adler fully on board (ex PRU)I feel the Asset management team will make improved headway over the coming months and beyond. The dividend yield is assured and even at a more realistic share price presents a very attractive return. However, when one looks at the deserved momentum at IAG (B.A) where the share price is riding higher every day there could always be a risk of a major event disrupting growth and profits. Also the income yield has a lot of catching up to what exists here at LGEN, but the market may well see the benefits in the likes of LGEN, Aviva etc.in due course. The latter two and a few other selective high yielders appear a safer hold in ones portfolio. Time will tell!! |
Posted at 10/12/2024 10:46 by cwa1 LGEN tipped as a "HOLD" by the Questor column in this morning's TelegraphAnalysts’ consensus forecasts for a dividend of 21.32p a share in 2024 equate to a dividend yield of 8.9pc, which should be enough to satisfy the needs of any income-hungry portfolio builder. There is also scope for further share buybacks, over and above the £200m programme completed this year, to take the total cash yield from the stock above 10pc. Questor says: hold Ticker: LGEN Share price: 236p |
Posted at 21/10/2024 06:24 by garycook Skinny, Future Dividend increase in the next 12 months. Current yield atm is 8.97% @ 230p Legal & General Group Current Yield Details - 8.97%Dividends Declared in Previous 12 months Year End Type Announce Date Ex-Dividend Date Payment Date Dividend 12/2023 Final 06-Mar-24 25-Apr-24 06-Jun-24 14.63p 12/2024 Interim 07-Aug-24 22-Aug-24 27-Sep-24 6p Total: 20.63p Dividend Yield = Total Dividends Current Share Price = 20.63p 230.1p = 8.97% |
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