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LGEN Legal & General Group Plc

-0.40 (-0.16%)
19 Apr 2024 - Closed
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
  -0.40 -0.16% 244.60 244.10 244.30 245.00 241.80 243.50 25,673,283 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 31.95 14.6B
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 245p. 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 £14.60 billion. Legal & General has a price to earnings ratio (PE ratio) of 31.95.

Legal & General Share Discussion Threads

Showing 20476 to 20499 of 21200 messages
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Hunt should not be chancellor, he's not even a finance person. And hasn't he had some failed businesses? Sums up this awful tory government, the sooner they get booted out the better.
mt1231 - LGEN average annualised returns over the last 10 years have been 5.84%. A simple global equity index fund has delivered 12.47% over the same 10 year

That make a massive difference bewtween a 10 year return of 76% against 223%!

If Hunt can reinstate the divi tax relief the pension funds enjoyed before Brown era and change the rules to encourage them to increase U.K. stock investments , then U.K. PLC can grow again as a wealth base. Changing ISA rules although I welcome, will not cut it as the small investor has no chance in the vast stocks pool. Cmon Hunt and rotten conservatives do something to encourage investing in Britain next month , that can be a game changer !
I personally would only hold something like LGEN for a combination of yield and a modest rerating - I'd want 15% annualised return over next 3 years or so. At current price LGEN could easily rerate by around 20% so should be able to deliver those sort of returns. If you just want a simple 10% yield wirh no capital gain there are plenty of fixed income securities that now provide this at a lot lower risk than LGEN so not sure what the attraction is from a purely yield perspective.
Zac you may be overstating the downside. Taking a single point of reference in time perhaps.

If you had invested in LGEN over the years the average price of your holding should be somewhat under 250p. I would hope very few of us only bought LGEN when it was flying high (up to 318p in Feb 2020). Most long term investors have topped up when LGEN was in a trough, the spectacular sub-180s in 2016 and 2020 or three more recent opportunities sub-220. I am sure there are folks here who have had considerable success adding and trimming at the right time, their average holding price will be much better.

The apparent capital decline does however look worse if you factor in inflation. And yet while interest rates were so low for so long a return of 4.25% doesn't look that bad, for much of the last decade you wouldn't been able to buy a better annuity for example.

It has been discussed several times over the years, the secret to being satisfied with a successful investment in LGEN is to use the cycles in share price to add low and trim high. I have done so to a modest extent but have gained just as much from doing that as from the dividends, while at all times retaining a core holding.

" . . . As long as the dividend is maintained the return is still more than enough for me . . . "

Had you bought into this 5 years ago you'd be sitting on a capital loss of 30p per share. In return you'd have enjoyed 90p in dividends. So, a total nett return of 60p, or 23%. That equates to an average annualised return of around 4.25% pa over the 5 year period.

I'm not satisfied with that!


What ever happened to the long lie in of a weekend

Until the results come out there is no point in getting agitated and while worrying this relentless fall in this and others share prices will provide an opportunity to stock up at bargain prices.

As long as the dividend is maintained the return is still more than enough for me.

There looks to be more pain before any meaningful gain.

Take a profit and keep cash available.(Lesson learned from Aviva) the hard way !

good luck

A "technical recession" is a recession.... Putting "technical" in front of it doesn't fool any voters. 😃...

With large numbers of migrants (I think last year was a record) and no growth means relative pay cuts all round... Eg if economy shrinks but the working age population has increased that means peoples take home pay is falling fast.

Anyway, interest rates falling GOOD. Recession BAD.

For LGEN share price, one piece of news might counter the other piece.

Hopefully the BoE will start to cut rates soon.

"UK economy probably fell into recession last year, say economists
Mehreen Khan, Economics Editor

Friday February 09 2024, 9.00am GMT, The Times

Figures out on Thursday are expected to confirm that the economy has shrunk for two successive quarters, the definition of a technical recession

The UK is likely to have slipped into a technical recession at the end of 2023, with weak growth putting pressure on the Bank of England to cut interest rates to support the economy.

Economists expect gross domestic product to have fallen by 0.1 per cent in the three months to December, after a similar contraction in the previous quarter. Two consecutive quarters of negative growth mark the start of a recession but will only be confirmed when figures from the Office for National Statistics are released on Thursday.

If growth figures are negative for the fourth quarter and there are no upward revisions to the previous quarter, it would be the first time that the UK has fallen into recessionary territory since the onset of the pandemic in mid 2020. Despite being within the range of statistical error, a mild recession may raise pressure on the Bank of England to consider cutting interest rates and one ratesetter has already warned of the consequences of keeping monetary policy tight for too long."

The ideas of the British ISA is to encourage people to start investing in UK companies again - simply raising the 20k cap on existing ISAs won't do that as most investors will continue to shun UK shares and go global. There needs to be some sort of incentive.
..or keep the existing ISA framework and enable people to have an additional ISA for UK instruments
Just raise the £20k isa cap riverman - It's been stuck at this level for years and well overdue an increase. spud
riverman77 - If there was no stamp duty more brokers will be able to do special offers like "First 100 trades free" (or similar)....
Thanks for your thoughts Cassini
Going back to this British ISA idea - if the only benefit is not paying 0.5% stamp duty then barely worth bothering with. Would only appeal to frequent traders, something I doubt the government would want to encourage. Better for some sort of government top-up - eg for every £1 an investor puts in the government adds a penny or two.

I's complicated and depends somewhat on individual circumstances.

IMO if you have a long way to go until retirement it may make sense to keep money going into a pension/SIPP as although you may breach the income tax allowance, you may have grown your SIPP enough that even with paying some tax, you're still better off.

On the other hand if retirement is close and you've used up your entire income tax allowance just in income from a pension(s) then I'd say the playing field between pensions and ISAs becomes blurred.

I have a pension, a SIPP and an ISA. I sized the SIPP so that (until the state pension kicks in) the anticipated income from it, plus that from a work pension, would not attract any income tax.

Any extra money went into an ISA, plus a lump sum from the work pension (on the grounds I could probably do better with it than leave it in the pension which returns about 4.5%). Of course it's more complicated than that as usually pensions keep back some growth to protect against inflation.

It's tricky making the 'correct' call in this kind of stuff.

CASSINI, I am thinking the same way too.

I watched a quick £3 a share profit in SSE vanish in a month or so and now I sit at a loss. Locking in profits makes much more sense in a flat / negative market as there always seems to be a better time to buy back in.

Sure it could turn against you but if you have a balanced portfolio then the odds of not being able to get back into anything seems very slim.

Good luck all 👍🏻

I’ve been pondering whether makes sense to top up my ISA or Pension in April. I’m already near max tax free pension drawdown limit , so looks like I pay the tax and put it into my ISA for divi compounding returns. Hoping it’s the U.K.-focussed ISA which rumours say could be free of stamp duty. Here’s hoping 👍

I'm with you on this. One issue is the dim view taken of the UK market by overseas investors. Looking at my re-invested dividends in Lgen since 2019 only 3 are in positive territory which is a poor reflection of the sentiment here over 4 years. I'm hoping that we pull an inflation rabbit out of the hat and this share rises as interest rates drop. It's not a growth stock thats for sure.

There is a lot of negativity currently over the UK market but if quality companies continue to make profits and pay dividends then once the last major seller has finished selling the market will turn without warning and we are still being held back by the BoE's indecisiveness on cutting interest rates. I am more optimistic that inflation will continue to fall, and in turn wage increases will also reduce faster than the BoE are expecting and now is definitely not the time to throw in the towel.

If the UK market does finally turn decisively positive, then Lgen and other insurers will surely rise as well.

Looks like 220 could be beckoning next week. Could be a good entry point. Im very heavy on Aviva so this could be a good same sector diversification if that’s possible.
I bought back in in a small way today after selling out not so long ago at 247p.

Am I too early? Probably, but we don't know the future.

I've come to the conclusion that given the time between divis and the sclerotic nature of the UK stock market, I need to be a bit more proactive with divi stocks and sell out and hope to buy back in at more favourable if prices if things look weak.

It's a lot of faff of course and there's always the risk of getting it wrong.

My dividend paying assets are a real drag on my portfolio

I don t have that problem about who to vote for

I can t spell X

Have a good weekend

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