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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
|
|
|---|---|---|---|---|
| -1.20 | -0.52% | 229.20 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 230.20 | 228.80 | 231.60 | 229.20 | 230.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 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 |
| 06/03/2019 | Interim | GBP | 0.0493 | 15/08/2019 | 16/08/2019 | 26/09/2019 |
| Interim | GBP | 0.0493 | 14/08/2019 | 16/08/2019 | 26/09/2019 |
| Top Posts |
|---|
Posted at 18/6/2024 19:13 by richie1218 hxxps://www.ii.co.ukincome investors kept Legal & General Group in their sights today as another big City firm backed the group’s long-term strategy in the wake of a punishing week for the shares. Supported by a projection for an 11% total distribution yield in 2025, Deutsche Bank said today it saw no reason to change its “Buy” recommendation on the FTSE 100 stalwart. It’s a view shared by retail investors as the company again topped interactive investor’s list of most traded stocks, with 90% of this morning’s activity being “Buy” orders. This surge in demand has been consistent over the past four sessions after new L&G boss Antonio Simoes tempered some of the City’s loftier expectations. The shares fell by more than 5% on the day of his much-anticipated strategy presentation, which included plans for £200 million a year of share buybacks and 2% dividend growth starting from next year. This updates the previous dividend policy of 5% under predecessor Nigel Wilson, who spurned buybacks in favour of investment. Simoes told City analysts that the combination of dividends and share buybacks meant the company intended to distribute more than what it would've otherwise with 5%. His updated earnings guidance last Wednesday also underwhelmed, prompting Deutsche Bank to lower its per share forecasts by about 6% in today’s note. However, the City firm believes the new estimates are more realistic and likely to be conservative looking out to the future. The guidance leads to the bank’s new price target of 275p, down from 300p previously but a jump of 21% from today’s level of 226p. Other changes revealed by Simoes include the consolidation of four divisions into three via the creation of a new Asset Management unit. He has also split out housebuilder Cala and other non-strategic assets with a view to these being managed for value. The strategy is underpinned by L&G’s plan to write £50-65 billion in pension risk transfer business in the UK by year-end 2028, which should increase the store of future profit and generate permanent capital to catalyse asset management growth. Targets in asset management include cumulative annualised net new revenues of £100-150 million between 2025-28. In the third unit of retail, the company is aiming for £40-50 billion of cumulative net flows as a leading provider of workplace pensions. Bank of America upgraded to a “Buy” recommendation on Thursday and said that short-term pain should lead to long-term gain. It said the investment decisions being taken now at the expense of near-term payouts were likely to lead to cash generation ramping up in the outer years of forecasts. For 2024, it highlighted a 9.3% forecast dividend yield after L&G pledged to grow this year’s payout by 5% before switching to the new rate of 2% up to 2027. The bank, which has a price target of 268p, said: “We think L&G made the right decisions for the long term, even though this led to short-term disappointment at its capital markets day.” |
Posted at 15/6/2024 11:05 by richie1218 Other fallers in today’s lacklustre blue-chip session included Legal & General GroupLGEN 0.45%, which dropped another 2.9p to 226.9p amid the City’s underwhelmed response to the capital return plans of new chief executive Antonio Simoes. The shares fell by more than 5% yesterday as he forecast £200 million a year of share buybacks and 2% dividend growth from this year. This replaces the previous dividend policy of 5% under predecessor Nigel Wilson, who spurned buybacks in favour of investment. UBS today highlighted L&G's growth ambitions in high margin private assets and infrastructure as one of the most interesting developments in yesterday’s strategy update. It said: “L&G's ambition to grow private assets from £48 billion to £85 billion by 2028, and the increased near-term cost to achieve this, make this element of the strategy key for L&G's long-term re-rating.” UBS cut its earnings forecasts and price target to 240p, whereas Bank of America has upgraded L&G to a “Buy” recommendation with a 268p price objective. It points out that L&G is investing in growth, which should lead to cash generation ramping up in the outer years at the expense of near-term payouts — albeit with a 9.3% dividend yield projected for 2024. The bank said: “We think L&G made the right decisions for the long-term, even though this led to short-term disappointment at its capital markets day yesterday. “We think the weakness more than reflects the long-term nature of L&G's investment thesis and leave a stock with market-leading operations and attractive long-term growth prospects.” |
Posted at 13/6/2024 13:47 by netcurtains Do you think we will get 10% or 11% dividend yield or do you think this fall is well over done and the share price will recover quickly to an 8% dividend yield? |
Posted at 12/6/2024 12:40 by mister md Well... fortunately spent my generous LGEN dividend on something else last week.But added further to my holding today at 230p ... seems fine for the long term. |
Posted at 30/5/2024 07:50 by pj84 Deutsche Bank backs L&G property saleThe reported sale of its property division is positive for Legal & General (LGEN) and would position the insurer for further growth, says Deutsche Bank. Analyst Rhea Shah reiterated her ‘buy’ recommendation and target price of 300p on the Citywire Elite Companies A-rated stock, which retreated 1.5% to 249p on Wednesday, but is up 8% over the past year. Over the weekend, reports suggested L&G was in talks with housebuilder Persimmon (PSN) to sell its Cala housebuilding division. Shah said other UK housebuilders are ‘also expected to consider bids ahead of the deadline at the end of the week’. ‘A potential sale would not be a surprise given we expect L&G’s chief executive officer to talk about streamlining the group with the capital markets day on 10 June,’ she said. ‘Overall, we see this as a positive, as it should provide optionality for growth and/or one-off capital return. As such, ahead of the capital markets day, we reiterate or positive thesis on L&G, which is a top insurance pick.’ Shah added that the shares offer an ‘attractive&rs |
Posted at 27/5/2024 13:39 by marktime1231 Funded reinsurance has been an important tool for LGEN when capturing pension transfer business. It means it can take on larger annuity transfers by re-insuring (sharing) a part of the risk with third parties to reduce exposure and capital strain.The BoE PRA has been reviewing FundedRe for some time and last June raised questions about whether this increases risks, about how the third parties invest and manage liability, whether the underlying assets are appropriate and sufficiently liquid to service the pensions under stress conditions etc. While the PRA has regulatory visibility in to how LGEN operates it has less transparency when LGEN reinsures with international counterparties. Reads like there is an intervention on its way. The outcome is probably going to add hurdles and limit the capacity which LGEN has for taking on new pension transfer business. |
Posted at 18/5/2024 09:35 by netcurtains I posted this on the Phoenix thread but you might be interested. Its the DIVIDEND YIELD of a large selection of finance companies:Another interesting statistic is Assets - Liabilities / Market Cap (lets call this X) I've put this figures at the end of the list (The higher then number the "better" it is) PHNX yield is 10.02% X= 0.57 LGEN is 8.1% X=0.32 HSBC is 7% X=1.41 <=========WOW ABDN is 9.57% X=1.77 <=======WOW AV. 6.77% X=0.69 MNG 9.54% X= 0.56 CSN 9.21% (CHESNARA) X=0.89 ELLA 6.53% (ECCLESIASTICAL) X=3.13 <=======WOW HSD 9.35% (HANSARD) X=0.31 PGH 5.76% (PERSONAL GRP) X=0.57 SBRE 3.29% (SABRE Insurance) X=0.60 LRE 2.55% (LANCASHIRE) X=0.99 <========Nearly wow JUST 2.02% (JUST GROUP) X=2.04 <=========WOW AJB 2.97% (AJ BELL) X=0.11 ADM 2.72% (ADMIRAL) X=0.12 DLG 2.03% (DIRECT LINE) X=0.85 HSX 2.58% (HISCOX) X=0.81 PRU 2.08% (PRUDENTIAL) X=0.75 STJ 4.8% (ST JAMES PLACE) X=0.37 IG Group Holdings ticker IGG (its been having a good run) Yield 5.73 PE: 10.74 X=0.68 Its difficult to find overseas competitors but I guess these two are: Perpetual Equity Investment Company Ltd Australia ASX:PIC Yield: 6.67% PE: 25.83 The BlackRock in NewYork NYSE:BLK Yield 2.51% PE: 20.63 |
Posted at 04/5/2024 09:19 by woodhawk Yes, they are ridiculously under-valued at current levels, imo. Hence the extra-large dividend yields across the board and the recent rises. Why PHNX, in particular is so lowly rated beats me. My holding there is as large as LGEN. My guess is that PHNX is less well known than many of it's peers. I like that the dividend there is split into two equal payments, not lopsided like LGEN.As it seems that the BoE might even be so bold as to reduce interest rates before the USA, that may be an extra boost to larger yielding shares as INVESTORS try to lock in their ever more appealing yields. Of course, the gamblers will be taking their usual chances. |
Posted at 03/5/2024 10:56 by pierre oreilly My post divi 'dead money' seems to be doing quite well today.Which raises a question. The divi dodgers as explained on here, sell just before a divi then buy back after the divi. But the same people saying that also say away from the divi, it's dead money. But they end up holding, having just bought back after dodging the divi. Oh well, about as paradoxical and ridiculous as everything else said about divi dodging. Getting rich means doing the opposite for 20 years. Seek out high divi shares with the capacity and willingness to grow divis annually in excess of rpi. Then chances are you'll get rich slowly, both from capital appreciation (on average exponential) plus divi exponential growth. And if you can resist snorting coke off a prostitute's likely infected bum and reinvest those exponential divis back into the same or other shares with the same divi characteristics, then you'll get double exponentiation which, over time, will make you rich or more financially comfortable, depending on how much you have when you realise this is the way forward (and do like Buffet and other great investors do). You're welcome. |
Posted at 27/4/2024 07:51 by netcurtains pvb: I think you are over extending other peoples positions...Generally they are saying, (I think), there are lots of variables in investing in LGEN (or other shares) Dividends, Profits, PE ratios, NAV, Debt, Economic Climate, Changing business models... If a company becomes and outlier in one of these (or other variables) then the market is saying "beware" (eg odds are a bit wobbly)... The poster appears to be over focusing on the yield without taking into account anything that might go wrong... (at least it appears that way) There are numerous newspaper articles explaining why large dividend yields dont always help the investor... |
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