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LGEN Legal & General Group Plc

224.70
1.00 (0.45%)
14 Jun 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
  1.00 0.45% 224.70 225.40 225.50 227.40 222.80 224.50 28,953,569 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 29.50 13.48B
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 223.70p. 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 £13.48 billion. Legal & General has a price to earnings ratio (PE ratio) of 29.50.

Legal & General Share Discussion Threads

Showing 20726 to 20749 of 21975 messages
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DateSubjectAuthorDiscuss
06/3/2024
09:33
MC - I see Butler has a pinned post on ABDN, sanctimoniously endorsing the BB whilst simultaneously patting himself on the back in a self congratulatory fashion at how well it has gone.Oh, the irony....spud
spud
06/3/2024
09:29
I've confirmed my bias to be against annuities.

That's why I've bunged £25k into L&G since my first purchase on £5k on 6 April 2023. Since then I've had £925 in divs - all reinvested. I'm currently valued at £27,107 showing a true profit (after reinvestment cost acknowledged) of £1,188. Yesterday that 'profit' was considerably higher.

I'm guessing (it's all we can do) that before too long the share price will have returned to the level it was at earlier this week.

I only regret not having the guts to buy another £5k this morning and selling same later. But I like ABDN for that volatility....you'll all remember ABDN. As Skinny pointed out they fared brilliantly with THEIR Buy Back :-)

mcunliffe1
06/3/2024
09:25
Skinny - my point exactly. In a falling interest rate environment that situation should improve considerably.
alex1621
06/3/2024
09:23
My take fwiw - UK stocks are so beaten down and Institutions have so little skin left in the game that even when a bad set of numbers are released, the downside is limited. Conversely, good numbers are readily sold into as those selfsame institutions divest (not unlike a BB).

spud

spud
06/3/2024
09:17
This thread is a fantastic example of confirmation bias.

The numbers are clear

I have 7250 left and will be exiting when I get to my exit point. I was nearly there but this morning we went the wrong way as i wanted 255 :(

marksp2011
06/3/2024
09:15
Skinny - Re ABDN - Nail/head.

spud

spud
06/3/2024
09:15
alex61 from today's update :-

LGIM delivered operating profit of £274m (2022: £340m), primarily reflecting the impact of higher interest rates on the value of assets under management: average assets under management were 12% lower year-on-year.

skinny
06/3/2024
09:14
alex1621: re falling interest rates?
One would think more people will buy LGEN because the BIG DIV compared to the LOW INTERST RATE will be even more in LGENs favour than it is now...

netcurtains
06/3/2024
09:13
What will be the impact of falling interest rates in the second half of the year?
alex1621
06/3/2024
09:10
A bit like ABDN......
skinny
06/3/2024
09:09
Yes, thebutler, this stock is a screaming share buyback!
jonnybig
06/3/2024
09:02
Skinny 2.20 something. 2.29 I might add :-)
chiefbrody
06/3/2024
08:57
the butler: Then grow a pair and buy the stock rather than advocating the 'safe' and 'boring' (and bloody useless IMO) share buyback.

There's been talk on this thread over the past 12 hours about the sustainability of a 5% divi. increase. If there's sufficient money available for a BB then that money can be easily used to fund the 5% growth for more than one year beyond next.

There's been talk about the share price drop offering a greater yield. That's true ONLY on the share you buy at the lower share price If, like me, your average buy price is 227.182 then the yield is 8.953% with the divi. at 20.34p MY yield will NEVER change other than by a change in the dividend rate and for THAT reason I want a rising 5% increase year on year and stuff the BB's at the current - NOT VERY LOW - share price level.

mcunliffe1
06/3/2024
08:53
chiefbrody: 1% rise in BT , ITV, NWG etc is a general sign that BIG DIVIDEND stocks are rising today and yes that is sort for FLYING for a FTSE100 stock...
Its not AIM..
Big dividends AND a rising price is a win win situation...
So that possibly is why LGEN is bouncing back...
Big DIV is in vogue..
"A rising tide raises all boats".

netcurtains
06/3/2024
08:50
chiefbrody - 2.20 today - good luck with that!

It looks like all eyes are now on June 12th.

skinny
06/3/2024
08:48
…don’t panic lads, nice little gap-down to close!
colonelgrim
06/3/2024
08:43
Totally agree, Andyble. The disclosure requirements,which are supposed to give greater transparency, are ironically confusing and even misleading and the bottom line "profit" is no longer the true gauge to performance. Bonkers.

Also agree a share buyback should be started. IMO this is undervalued by a good 30% so it's somewhat short sighted not to take advantage.

thebutler
06/3/2024
08:38
Is a 1% increase in share price really flying -;)Big ticket dividend players like NatWest are creeping higher seems more like it. I'm gonna wait and see if this hits 2.20 something during today.
chiefbrody
06/3/2024
08:29
On the plus side the general "big dividend" market is flying this morning (eg Nat West and BT etc)
So assuming a "rising tide raises all boats"...
This might be a reasonable time to buy more...

netcurtains
06/3/2024
08:26
I guess as log as fall less than 5.9% we are still "just" making money....
The million dollar question is

will it fall more than 5.9% ?

netcurtains
06/3/2024
08:25
The further investment variances relate to the unrealised mark to market impact of higher rates on the surplus assets in the annuity portfolio and the impact of the longevity assumption change, and although recognised in the operating profit this is just timing differences in the recognition of profits which average out to zero in the longer term. Simply, the headline lower operating profit is not a guide to performance, and the underlying cash flow and profit generation in the results is good, the boffins will recognise this when they do the analysis.
andyble
06/3/2024
08:24
Yesterday I read about how angry companies are with valuations on the LSE and here is a good example of it. Will add if they drop it further in the coming weeks
dope007
06/3/2024
08:16
Sold on the bell
cestnous
06/3/2024
08:13
A big fall! I got all excited for a minute then saw a paltry 3% off. Big fall is 10%!
chiefbrody
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