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LGEN Legal & General Group Plc

247.90
2.70 (1.10%)
24 May 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
  2.70 1.10% 247.90 247.90 248.00 248.10 243.30 244.30 11,430,270 16:29:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 32.45 14.82B
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 245.20p. 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 £14.82 billion. Legal & General has a price to earnings ratio (PE ratio) of 32.45.

Legal & General Share Discussion Threads

Showing 20676 to 20700 of 21625 messages
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DateSubjectAuthorDiscuss
06/3/2024
07:44
I agree, with interest rates sure to reduce during this year this will help the AUM profitability and hopefully start to see inflows again. I say keep the faith and keep investing. Got to be one of the safest dividends in FTSE which is yielding >8% GLA
tornado12
06/3/2024
07:37
The thing is in the short term it’s not worth the risk buying at this level and I would fully expect the share price to get back to £2 after dividend is paid so basically another one to watch for the lows I think.
123trev
06/3/2024
07:35
everyone loves a rising dividend.
everyone hates a falling profit..
Does dividend trump profit?
No idea..
But gut feeling is NEXT years profits will
be higher.

Does it give a forward statement?

netcurtains
06/3/2024
07:31
I say flat to moderately up. If it does fall significantly (over 5%) I'll buy more
unastubbs
06/3/2024
07:30
Dividend per share of 20.34p, up 5% (2022: 19.37p)
bountyhunter
06/3/2024
07:30
In my opinion, steady as she goes and the focus on the divi growth is fundamental to the majority of the long termers on this board. As expect, the impact of interest rates on LGIM profit was evident, but due to their diversified portfolio they compensate in other areas of the business. The growth in PRT is most welcome and the comment for further divi growth in 2024 giving us a later return of 21,36p together with other potential options is confident news. LGEN strategy is one of organic and dividend growth and the main reason I am invested. Will add further before Ex-divi date as long as share price remains steady. GLA
tornado12
06/3/2024
07:30
But I agree Mark, no trees upturned today...
unastubbs
06/3/2024
07:30
Dibs on 10% markdown on open
scepticalinvestor
06/3/2024
07:29
Antonio is going to suffer the Alex Ferguson curse by the looks of it....
kaffee
06/3/2024
07:29
I guess we're all playing a long game, knowing that in the end stocks always win.

How long that long game is ...TBA

unastubbs
06/3/2024
07:27
Great stuff guys👍ㇿ5;
unastubbs
06/3/2024
07:26
Distinctly underwhelming.Return is on a par with a high yield bond fund and you get to carry single stock equity risk.Why bother?
marksp2011
06/3/2024
07:25
I love pre-judging the market. It's my favourite past time after golf and strangling animals.👌27995;
unastubbs
06/3/2024
07:24
Never pre judge the markey. And it's not what happens at 8am it's what happens to the SO over the next days/weeks.
melmoo
06/3/2024
07:23
I'm going to guess that the possibility of buying back stock may just be enough to please the market in to not killing these at open.
unastubbs
06/3/2024
07:23
14.63p final
utyinv
06/3/2024
07:21
Opens the door to buybacks. But no details on this with more to be revealed on capital markets day in June. From my pov it's fair enough, I like a boring insurer to move slowly.

My pov is not going to affect the sp!!

unastubbs
06/3/2024
07:18
Operating profit is a miss - consensus £1753m v £1667m
unastubbs
06/3/2024
07:18
Certainly not the best results but pretty much as expected in fact slightly better than I thought but let’s see how the market reacts.
123trev
06/3/2024
07:09
In a rare show of defiance, the FTSE futures are actually +12 after the 400+ point fall in the US.
skinny
06/3/2024
07:08
Thanks Skinny

Have to say this new bloke has started with a whimper in my opinion

Was expecting more of an entrance

Mustn't grumble but tad disappointed

jubberjim
06/3/2024
07:04
Dividend per share of 20.34p, up 5% (2022: 19.37p)

The Board's intention is to grow the dividend at 5% for the year FY246, as previously communicated

skinny
06/3/2024
07:02
António Simões, CEO

"Everything I have seen since joining the business in January has confirmed what attracted me to Legal & General. We have an authentic sense of purpose and stand out for our market-leading businesses, performance track record and strong balance sheet, delivered by talented colleagues.

Our 2023 performance reflects these strengths. We are on course to achieve our five-year targets, and demonstrated resilience in challenging markets to achieve record new business volumes in pension risk transfer, UK annuities and US protection, increasing our store of future profit. Our international assets under management and alternative assets portfolio continue to grow, as does our position in the UK defined contribution pensions market.

We must be as ambitious for Legal & General's future as we are proud of our history. This is the right moment to take a fresh perspective, build on our track record and set out a vision for profitable and sustainable growth. I look forward to outlining our strategy and plans at our Capital Markets Event on 12 June."

skinny
06/3/2024
07:00
Resilient financial performance1
· Operating profit of £1,667m (2022: £1,663m)

· Profit after tax2 of £457m (2022: £783m)

· Solvency II capital generation of £1.8bn (2022: £1.8bn)

· Solvency II coverage ratio3 of 224%, with surplus of £9.2bn (2022: 236%, £9.9bn)

· Dividend per share of 20.34p, up 5% (2022: 19.37p)

Growth in our store of future profit: up 9% to £14.7bn4
· Record volumes across our insurance businesses:

‒ £13.7bn of institutional annuities (£10.5bn retained premium5)

‒ £1.4bn of individual annuities

‒ $175m of US protection new business premium

· New business CSM contributed £1.2bn (2022: £0.9bn)

· CSM has grown 9% to £13.0bn (2022: £11.9bn)

Set to achieve our five-year (2020-2024) ambitions
· Cumulative Solvency II capital generation of £6.8bn (£8-9bn by 2024)

· Cumulative dividends declared of £4.5bn (£5.6-5.9bn by 2024)

· Cumulative net surplus generation over dividends of £0.8bn

· The Board's intention is to grow the dividend at 5% for the year FY246, as previously communicated

1. The Group uses a number of Alternative Performance Measures (including adjusted operating profit) to enhance understanding of the Group's performance. These are defined in the glossary, on pages 83 to 83 of this report. IFRS 17 was introduced on 1st January 2023, comparatives have been restated accordingly.

2. Profit after tax attributable to equity holders.

3. Solvency II coverage ratio before the payment of 2023 final dividend.

4. Store of future profit refers to the gross of tax combination of established Contractual Service Margin "CSM" and Risk Adjustment "RA" (net of reinsurance) under IFRS 17.

5. Net premium after deducting for funded reinsurance relating to 2023 PRT transactions.

6. Absent market shocks / events outside of our control.

skinny
06/3/2024
06:59
Let Babble Commence!
jubberjim
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