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LGEN Legal & General Group Plc

233.60
-15.00 (-6.03%)
Last Updated: 08:31:50
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Legal & General Group Plc LSE:LGEN London Ordinary Share GB0005603997 ORD 2 1/2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.00 -6.03% 233.60 233.40 233.60 235.00 232.20 235.00 5,284,659 08:31:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 32.54 14.87B
Legal & General Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker LGEN. The last closing price for Legal & General was 248.60p. Over the last year, Legal & General shares have traded in a share price range of 203.20p to 258.70p.

Legal & General currently has 5,979,665,207 shares in issue. The market capitalisation of Legal & General is £14.87 billion. Legal & General has a price to earnings ratio (PE ratio) of 32.54.

Legal & General Share Discussion Threads

Showing 20426 to 20447 of 21275 messages
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DateSubjectAuthorDiscuss
09/2/2024
12:10
Guardian said in budget the chancellor is thinking of creating a UK-ISA to encourage funds back to UK - there will be NO STAMP DUTY on these investment....

Interesting idea.

netcurtains
09/2/2024
11:38
Citi may be right. H1 net profit on the books was hit by investment variances and H2 could be aswell. Asset values everywhere have been under pressure and that will include own funds. It is why the share price here plunged towards 200p last year.

Operating profit, capital generation, deferred eg future profit, new business etc were all strong and there is always the possibility of a helpful mortality release. Sir Nigel in whom we trust said at halfway that LGEN is on track and:

"The Board's intention is to continue to grow the dividend at 5% per annum to FY24"

LGEN might however, because of those investment asset variances, report a low full year eps, well short of recent performance and profit appearing to not cover the dividend. It is transient in the same way that you might be looking at your own portfolios which have perhaps been down 10-30% in recent times but are on the way back and which will continue to bounce as confidence returns. So if you believe in a recovery, and in the soft-landing interest rate cut scenario, the downgrade is alarmist. Nothing to be truly bothered by. LGEN remains in solid financial health with a great outlook paying a terrific yield we can rely on.

marktime1231
09/2/2024
11:12
You miss my point, netcurtains. The current yield of 8.5% is obviously better than 4% so folk should be happier lgen costs 236p rather than 500p.

If you complained to your local pub its beer is far too cheap they'd think you bonkers.

But this is true only for income investors for whom yield and divi sustainability is the major factor. I'm one but most here are not. ADVFN is populated mainly by short term gain chasers following chart nonsense.

LGEN is one of the last shares I'd consider if I was still seeking to score from gains. But I gave that up decades ago when I switched to scoring from divis. It changed my life.

anhar
09/2/2024
11:01
It was also £@£3.20 & @£1.40 5 years ago.

Make that 4/5 years ago. 🙄

skinny
09/2/2024
10:57
" . . . I will be amazed if this is 2.35 in 5 years time . . . "

It was £2.66 5 years ago!!

zac0_4
09/2/2024
10:42
JJ :-




Hope that helps.

skinny
09/2/2024
10:31
jonnybig: Nevertheless, if UK interest rates set to fall, then an 8.5% dividend will be seen as even better and thus the share price, touchwood will rise.
I'm 99% certain all investors want the share price to rise - I mean that is ground zero of investing.

netcurtains
09/2/2024
10:24
You miss my point, netcurtains. The current yield of 8.5% is obviously better than 4% so folk should be happier lgen costs 236p rather than 500p.

If you complained to your local pub its beer is far too cheap they'd think you bonkers.

jonnybig
09/2/2024
10:13
Some investors would be happy with a 4% dividend.

if interest rates fall substantially then 4% will be perceived as good.

So 500p seems potentially possible within 12 months if interest rates fall sharply.

netcurtains
09/2/2024
10:09
We should be rejoicing that uk stocks are so cheap yielding fantastic dividends.

Why would one be happier buying lgen at 500p yielding sub 4%?

Strange how folks perceive stuff!

jonnybig
09/2/2024
09:58
Any word on the gaps ??

Thanks

jubberjim
09/2/2024
09:51
I thought this share was for the dividend not trading and worrying about every drop. I just got a load which will give 8.6%. Won't be selling for 5 years as I want yearly pension monies from it. Long term if this is still 2.35 in 5 - 6 years I will happy as I reinvest the divi's till then at 8.6%. Or am I missing something? I will be amazed if this is 2.35 in 5 years time.
m12rtn
09/2/2024
09:47
I would say more frustration than fear and anger jonnybig
tag57
09/2/2024
09:38
Wow, you can feel the fear and anger on here lol!
jonnybig
09/2/2024
09:27
Fortunate for us the ex didi is not normally until end April, so have a chance to grab some cheapo in the new ISA . I agree with a lot of sentiment that something is not right with UK stocks and the investor mix is not right to generate a good source of saving wealth. Need to get the pension funds back into the UK stock market, they have the clout to change things
tornado12
09/2/2024
09:23
Probably not Melmoo......I like your style :-)
tornado12
09/2/2024
09:17
"it's working for biden"

Trouble is, will he remember what he did?

melmoo
09/2/2024
09:00
It's all legal market manipulation and counter intuitive.spud
spud
09/2/2024
09:00
Tempting to buy back in, although shares can often be weak after downgrades so might give it a couple of weeks. I recently sold at 250p, mainly because I prefer AV rather than anything wrong with LGEN. I had slight niggling doubts about some of their asset exposure, as well the tricky task of replacing a dominant CEO. Nevertheless a good company and would happy to buy some at 230p
riverman77
09/2/2024
08:55
21 days ago the same CITI issued a neutral rating when the share price was above 250p.Really ? Have the wheels fallen off in the last three weeks?
muscletrade
09/2/2024
08:55
imho
eps will be down full year because of the write
offs in the first half.
But i expect eps to be well up in the next first half if
no more write offs

morgoth1
09/2/2024
08:54
maggie said you can't buck the market
the market is telling us that the uk is a busted flush
when will the govt open its ears and stimulate investment?
it's working for biden
good old keynesian theory

adejuk
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