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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
|
|
|---|---|---|---|---|
| 5.10 | 2.16% | 240.90 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 237.40 | 237.00 | 241.80 | 240.90 | 235.80 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
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 23:51 by pierre oreilly Rong and Ronger, I'll tell you what all proper investors know.All Advfn traders are necessarily penny punters. Plenty of market attributes stopping pi day/week traders being anything other than that, whatever instrument is used. (As an aside, 10/15 years ago, pis could get very high gearing for a very low margin and get a couple of hundred k exposure on very illiquid stocks. Of course, this meant many losing their homes followed by their families. The regulator stepped in to protect these traders from themselves and tightened what the derivative platforms could offer such that gearing became very low, making all pi traders now penny punters, whatever the claims) The reason you think divis are pennies is because they are for you, but not for proper investors where individual divis after a couple of decades can be realistically five figures pa per stock (legally tax free). I know it's beyond imagination for you, but I'm afraid once a penny punter always a penny punter for the vast majority of penny punters. Anyhow, good luck with your guessing. And keep us informed of these daily hundred quid gains which the next day become thousand quid gains. And ffs don't tell anyone about the losing trades, which will be just over your number of winning trades - the difference being enough to drive 80% of you to give up trading when the trading pot is depleted to zero. |
Posted at 03/5/2024 18:17 by rongetsrich Nice positive end to the week. The city seem to have taken a Labour whitewash in their stride; the city likes certainty.As investors, well once the magic money tree is broke let's imagine where we are going to get hit. |
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 29/4/2024 16:16 by jubberjim WoodhawkEase up son It is frustrating just believe you are right and suffer the swings and arrows Markets and investors don t know betwixt Harris and Snr Bow Manana |
Posted at 29/4/2024 13:04 by pierre oreilly Never paid for a subscription to advfn, so your imagination is running away with you 123. As how to make a billion I have no idea (via the stock market). Making millions is achievable, for those who have 20years and are intelligent enough to dismiss trading. A tech boom helps, as does a high tax free salary to build the initial pot (in isas of course), then rely on the exponential growth of dividends and share prices over that timescale (the economy relies on long term share growth). Then the high tax free divis come rolling on faster than it can be spent within reason. Unfortunately, the very lucky traders (all advfn traders) will still be trading at 80, making a hundred quid here and there and telling their followers how great they are at guessing. The unlucky iii traders of course soon have no trading money left.Not sure what's happened to the lgen boards recently. Used to be the domain of sensible rich investors ('cretins' in Rodger's parlance), not kid penny punters. Not sure why that's changed. |
Posted at 06/3/2024 11:20 by anhar Small private investors are generally opposed to BBs and would prefer higher divis or maybe debt reduction.However PIs are irrelevant to big caps who are influenced only by their institutional shareholders in making BB decisions. These investors overwhelmingly prefer BBs and that's why the BB pandemic has spread so widely. It's so entrenched now that companies seem to fear not following the BB fashion, like a teenager desperate to wear the right gear so as not to be different. Credit to LGEN for not joining in. |
Posted at 28/12/2023 09:23 by skinny "Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at Options include growing capital-light businesses such as defined contribution pension savings and wealth management. &ld Over a shorter timeline, investors are hopeful for more clarity on near-term capital returns. Some analysts think there could be scope for the new CEO to announce a share buy-back but others think the group is still more likely to put capital to work in extra bulk annuity deals. Jefferies portrays the group as “caught between a bulk and a buyback”. Whether Simões doubles down on the bulk annuity market in pursuit of growth or puts greater stress on shareholder returns will be a key first test of his intention, investors say. “His first port of call is to build his reputation, and his credibility with investors,” said Crean." |
Posted at 04/11/2023 13:29 by kipper999 Legal & General's shares slide but dividend yield remains attractiveLegal & General (LSE:LGEN) has experienced a significant decrease in its share price over the past two years, with an 8.9% drop in the past year and a total decline of 26% over the past two years. Despite this downturn, the company's dividend yield has risen to 8.8%, which is highly sought after by investors. This comes as the company maintains a robust dividend health, demonstrated by a consistent payment history and a strong dividend coverage ratio of 1.98 times in 2022. In a challenging macroeconomic environment, Legal & General reported an H1 operating profit of £941m, slightly below the previous year but still in line with its five-year financial objectives. The company, which does not participate in buybacks, primarily rewards its shareholders with dividends. The firm aims to generate between £8bn and £9bn in capital by 2024, with £5.9bn already secured. Legal & General's Solvency II coverage ratio, a key indicator of financial strength, increased year-on-year from 212% to 230%. As a leader in the Bulk Purchase Annuities (BPA) market, Legal & General handled transactions worth £7.2bn in 2022. The BPA market has grown from £10bn in 2016 to over £50bn in 2022, and Legal & General was the top BPA provider in the UK for 2022. Despite leadership changes following Sir Nigel Wilson's retirement and a lower share price than five years ago, Legal & General remains steadfast. The company generated a net surplus exceeding dividends by £600m and deferred new business profits worth another £600m. Although investor views may differ on Legal & General's performance, The Motley Fool UK suggests that there's no catch to the high dividend yield. Furthermore, only 15% of the UK's defined benefit programs have been transferred to insurance providers like Legal & General, indicating potential growth for the company in the future. InvestingPro Insights InvestingPro data and tips offer valuable insights on Legal & General's performance and outlook. The company's market cap stands at a substantial 16308.05M USD. Its P/E ratio is at 6.53, indicating a relatively low valuation compared to earnings. The company's dividend yield is impressive at 8.82%, reflecting its commitment to rewarding shareholders despite the challenging market conditions. Two InvestingPro Tips that stand out are that Legal & General has raised its dividend for 14 consecutive years and pays a significant dividend to shareholders. These tips align with the company's strategy of primarily rewarding its shareholders with dividends, as noted in the article. InvestingPro provides a wealth of additional tips for Legal & General and other companies, providing valuable insights for investors. It's worth noting that despite some financial challenges, Legal & General has managed to maintain a robust dividend health, which is a key factor for dividend-focused investors. |
Posted at 09/9/2023 16:35 by pj84 I agree with the questor view that even though the dividend yield is currently at 9% it appears to be secure and likely to continue to rise and sentiment could quickly change as we are hopefully (fingers crossed) at the peak of the current interest rate cycle and the delayed impact seems to be feeding through to the economy and people on fixed rate mortgage deals will continue to come off previous low rates every month and that will continue for a few more years yet.Extremely high dividend yields are often considered a red flag by income investors. In many cases they are assumed to indicate a company that is struggling to afford its payouts to shareholders and is therefore likely to cut its dividend before long. As with all things in the investment world, though, there are exceptions. Sometimes a high-quality company that can easily afford its dividend payments ends up trading at an unjustifiably low share price that causes its yield to spike to an unusually high level. In such situations, this column believes the risk/reward opportunity for income investors is favourably skewed. Legal & General is an obvious example. While the FTSE 100 yields 3.9pc, the diversified financial services firm has a yield of around 9pc. This is in spite of an excellent dividend record that is unmatched by many large companies. It maintained dividend payments throughout the pandemic and has increased them at an annualised rate of 4.2pc over the past four years. Its investors have thereby enjoyed above-inflation income growth, since price rises have averaged 3.5pc a year over the same period. In its half-year results, released last month, the company raised its interim dividend by 5pc and said it planned to maintain this rate of growth through to next year. Since the Bank of England expects inflation to fall to below 3pc within a year, investors in the stock should experience a further real-terms rise in their income. Legal & General’s dividend payouts are highly sustainable, as they were covered twice by profits last year. Its financial position is sound; its “solvency ratio” of 230pc is well in excess of regulatory requirements. As a result, the chances of dividends being paid at their current, or higher, level over the coming years remain good. This is in spite of the negative impact of 14 consecutive interest rate rises on the company’s investment management business. Higher interest rates have inevitably suppressed asset prices and contributed to a 10pc year-on-year decline in the amount of money L&G manages in the first half of the year. However, with interest rate rises likely to abate and the world economy’s growth prospects likely to improve, the outlook for asset managers is increasingly upbeat. Indeed, the company’s investment management operations could swing from acting as a drag on overall performance to being a key catalyst for its financial returns, and hence its share price, as its profitability is so closely linked to the fortunes of the stock market. Higher interest rates have had a far more positive impact on L&G’s pension risk transfer business as they have contributed to a reduction in pension deficits and growing demand for insurance policies that provide pension schemes with a guarantee that retirement benefits will be paid. Since only 15pc of Britain’s defined benefit pension liabilities have so far been transferred to insurers, there is significant scope for growth in this area. Clearly, the forthcoming arrival of a new chief executive represents a sizeable risk for investors; the incumbent, Sir Nigel Wilson, has overseen sound financial performance for many years. A price-to-earnings ratio of just 5.6, though, suggests that investors have more than adequately factored in the potential for strategy changes and any short-term uncertainty that may accompany them. Dividends received or due to be paid since then amount to 49pc of our purchase price, which makes our total return roughly 36pc. None the less, negative capital returns more than six years after purchase represent a disappointing outcome for a company that is delivering sound financial performance. When investors will warm to Legal & General is anyone’s guess. But an extremely high yield and an exceptionally low valuation do not dovetail with a business that has a solid record of profitability, a sound financial position and clear long-term growth potential. This column remains optimistic about the stock’s prospects and it remains a key holding in our income portfolio. Readers without a holding should consider a purchase. Questor says: buy Ticker: LGEN Share price at close: 213.6p |
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