Legal & General Share Discussion Threads

[supermarky] 08/12/2023 09:11

How about 'Inclusive Ratings' 'Progressive Ratings' or even 'Diversity Ratings' ?

[jubberjim] 08/12/2023 07:17

Added again yesterday first thing

Had to sell some phnx to do so as my Nick Train efforts have so far been a bit of a disappointment and gone backwards

Onward and upward here though (hopefully)

Good luck all

[bareknee] 08/12/2023 00:10

A suspect we'll see "cuddly" ratings when that happens.

[masurenguy] 07/12/2023 19:01

Legal & General tipped for growth by Barclays as pension risk transfer deals boom

Against a background of record bulk pensions transfer deals, analysts at Barclays see Legal & General Group as well positioned to continue growing and potentially increase share buybacks. The FTSE 100 life insurer in the past fortnight announced record sales in the US of US$160m and the biggest bulk annuity deal in its history. "The consistent message from UK insurers is that bulk annuity margins should remain resilient given high demand for the product from pension funds, and we calculate that L&G can withstand a meaningful margin decline before its earnings growth is impacted," analysts said.

Advisory firm LCP has forecast that bulk annuity volumes over the next 5 years could reach £360bn. Barclays estimates for L&G's UK bulk annuity volumes are towards the lower end of LCP's potential range, assuming they maintain their current market share of circa 26%, which the analyst team said offered upside risk to its estimates. They say the investment case is further supported by strong solvency levels to support growth, with "a potential buy-back as upside risk".

Barclays, which reiterated its 'overweight' rating, said L&G's solid financial foundation is evident in its impressive Solvency II ratio, outpacing UK life insurance peers. This strong capital position enables L&G to navigate rate fluctuations while supporting growth initiatives. The firm's financial stability also allows for consistent dividend payouts and debt management, with no pressing debt obligations until October 2025. Barclays nudged up its price target to 336p from 333p.

[colonelgrim] 07/12/2023 18:48

<…evening Lads, something wrong with my intraday chart here!

[yf23_1] 07/12/2023 18:28

More applicable, the 30 year has trended down to just below 4.5 from 4.7 recently.

[mcunliffe1] 07/12/2023 17:26

Thanks guys. tornado's original worked if I used it properly rather than using it as a search in Google. I'll get my coat ;-)

[cwa1] 07/12/2023 17:21

Hmmm. Does for me. Try this...

[mcunliffe1] 07/12/2023 17:18

tornado12: that link seems not to provide a result.

[tornado12] 07/12/2023 17:14

hxxps://mol.im/a/12833441

[jubberjim] 07/12/2023 16:55

Common sense has prevailed

And as you will know I am very bewildered but not getting too carried away

Come on Tikk Tokkers shout it from the rooftops

Happy to be here now

[marktime1231] 07/12/2023 16:46

The penny seems to have dropped this afternoon, presumably correlated with a surge in bond and debt prices rather than wild analyst speculation.

[spud] 07/12/2023 16:44

Barclays nudged up its price target to 336p from 333p.

Wow (a full 3p) - Hope they don't get a nosebleed!!

spud

[cwa1] 07/12/2023 16:39

Against a background of record bulk pensions transfer deals, analysts at Barclays see Legal & General Group PLC (LSE:LGEN) as well positioned to continue growing and potentially increase share buybacks.

The FTSE 100 life insurer in the past fortnight announced record sales in the US of US$160 million and the biggest bulk annuity deal in its history.

"The consistent message from UK insurers is that bulk annuity margins should remain resilient given high demand for the product from pension funds, and we calculate that L&G can withstand a meaningful margin decline before its earnings growth is impacted," the analysts said.

Advisory firm LCP has forecast that bulk annuity volumes over the next five years could reach up to £360 billion.

Barclays estimates for L&G's UK bulk annuity volumes are towards the lower end of LCP's potential range, assuming they maintain their current market share of circa 26%, which the analyst team said offered upside risk to its estimates.

They say the investment case is further supported by strong solvency levels to support growth, with "a potential buy-back as upside risk".

Barclays, which reiterated its 'overweight' rating, said L&G's solid financial foundation is evident in its impressive Solvency II ratio, outpacing UK life insurance peers.

This strong capital position enables L&G to navigate rate fluctuations while supporting growth initiatives.

The firm's financial stability also allows for consistent dividend payouts and debt management, with no pressing debt obligations until October 2025.

Barclays nudged up its price target to 336p from 333p.

[bountyhunter] 07/12/2023 16:04

Definitely breaking out now.

[netcurtains] 07/12/2023 16:01

Touchwood!

[supermarky] 07/12/2023 15:31

The wall of fear

[netcurtains] 07/12/2023 15:01

How can the market give us big dividends and a price going up......
Are we turning American?

[tornado12] 07/12/2023 14:39

General sentiment around the world that interest rates have peaked and bond yields are falling is changing the share price direction positive. GLA

[jubberjim] 07/12/2023 13:25

Unfortunately X dividend is still a few months away and the market is still very anxious

Each share is looking for one of the three Av. Lgen or Phnx to break to the upside and lead the others in the group higher.

Fear is the common denominator ruling this market at the moment

Just have to keep funds available and await the rewards which are surely due

[mknight] 07/12/2023 13:02

Would we not expect buyers to come in before the next Divi . Its the larger payout of the 2 dividends which could produce 5 perecent plus over 6/7 months .

[supermarky] 07/12/2023 11:28

at what point do we break out of the down channel?

[netcurtains] 07/12/2023 11:11

Come on market gods - prove me right - lets get LGEN over 1.5% higher by close of play....