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 Shares Traded Last Trade
  -3.10 -1.06% 290.70 14,286,863 16:35:01
Bid Price Offer Price High Price Low Price Open Price
290.60 290.80 294.00 289.70 294.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 50,231.00 1,499.00 27.00 10.8 17,347
Last Trade Time Trade Type Trade Size Trade Price Currency
18:16:34 O 6,300 290.70 GBX

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Legal & General (LGEN) Discussions and Chat

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Date Time Title Posts
14/4/202123:21Legal and General7,574
22/3/202119:41LGEN poised for a VERY BIG drop.............563
26/6/201716:16who just bought 60 000 000 shares2
17/3/201608:01Legal & General (LGEN) announcement17
03/9/201417:23Is Legal & General being defrauded?3

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Legal & General (LGEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-14 17:17:49290.706,30018,314.10O
2021-04-14 16:38:08290.996,11417,791.07O
2021-04-14 16:38:02292.012,5517,449.10O
2021-04-14 16:37:04291.032572.76O
2021-04-14 16:37:04291.881749.62O
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Legal & General (LGEN) Top Chat Posts

Legal & General Daily Update: Legal & General Group Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker LGEN. The last closing price for Legal & General was 293.80p.
Legal & General Group Plc has a 4 week average price of 268.70p and a 12 week average price of 243.20p.
The 1 year high share price is 299.20p while the 1 year low share price is currently 176.35p.
There are currently 5,967,363,557 shares in issue and the average daily traded volume is 17,037,247 shares. The market capitalisation of Legal & General Group Plc is £17,347,125,860.20.
marktime1231: I am not fixed on 6% it was just a point in contrast with LGEN here. Good ambition though, I have some higher and some lower, on average my income-from-trusts is about 5.7% or it was until SQN hiccoughed. Unfortunately if you buy in lower and the share price rises it all falls away, but yes buying into a strong progressive payer is a great approach. My "worst" is BERI only yielding about 4.2% until they index the payday, but then I built up my BERI holding when it was in the 50's and yielding 7-8%. EAT and SMIF are my current trust favourites, growing or steady and SMIF pays out monthly at 6.x% depending on how much extra they give in the last month. As for single stocks I do look to add as a rule when reliable or prospective yield over 6% is available without too much risk (ahem CARD, CLLN, NAHL etc). LGEN the current favourite with IMB, and an eye on the possibility of BP raising payments again in a year or two. A few GSK, NG AND SSE, (edit oh and RIO) and place holdings in BT, CRST and CMC. My wildcard punt is on SNWS which I imagine becoming a 6% yielder again in the next 2 years. My mistake I thought AV had reset yield to about 2/3 of historic rates. So AIF is borrowing to pay dividends? Eeeeek!
marktime1231: Just been looking at ebb's suggestion STCM, a Khazak cement company with a volatile share price history but gross yielding over 7% even at 40p near the top of range. The GBP-KZT (Tenge ... who knew) exchange rate not something familiar, nor do I know what taxes are applied before the dividend arrives. Pays out nearly all net income. So not a buy-and-forget retirement income stock, except perhaps a speculative minor stake, but what a heck of a buy it would have been at 20p a year ago. Interesting selection RCT, I too hold EAT which is now returning well after a tough patch. What is your current yield, surely not over 6% didn't AV just cut? Why did you quit RGL which I am watching, the recovery is binary on whether we good back to the office and more likely in the regions? That is the second mention of SOM which is new to me, another one to research.
skinny: AEWU,SHED,RESI,VSL,WHT. BBOX yield has dropped after a decent share price rise, but dividend increasing. On edit - VSL goes Ex tomorrow @12.64p
north sea boy: I do think that circa 310p-320p would be realistic price for LGEN, but it will have to break 300, and perhaps retest that level, to do so - and that IMHO is unlikely to happen this week in view of the large ex-d drop expected Thursday. I could be wrong about that though, and have been so in the past. As you know, I have built a reasonably large holding (for me) in LGEN over past 3 years, and 50% of that was in the past 12 months. I am VERY comfortable with that, and expect to hold that for next 5-10 years, barring any unexpected mishaps. I did not want to get caught with the further 40% enlarged holding (due to ISA transactions) for an extended period of time though. So happy to be out at very modest profit, and with no further tax to pay on that core ISA holding going forward. I remain VERY overweight in LLOY, and whilst I might trim a little if we get to a 45p-50p range in next few months, I will not reduce or significantly rebalance the main LLOY overhang until we hit a 60p-70p level, and that of course may never happen; I think it is possible though in a 3-5 year timeframe. IMB also overweight for now, but I do think the management strategy put in place last year will, and is starting to, work; touch wood, but I think the company has perhaps turned a corner. I don't ever see it sitting back at a £35 level (where I bought my first 500 shares), but if they maintain progress over next 3-5 years, then £20 could be achievable, and again at that level I would rebalance without capital loss. Plans, plans and plans..... Best wishes, NSB
marktime1231: Well done NSB, I am still hoping for a better LGEN price before Thursday or I might hold. Also still holding a large LLOY overhang, forcing myself not to jump too soon, the share price stirred this afternoon I think thanks to a broker upgrade. IMB is a puzzle, the share price has steadily improved since February and may continue up, an interim report in May should be in line or positive. Which is a bit annoying, I would like to have added some more at 1400p not 1550p or higher ... feels like the last chance to load up on an real bargain so I might take a few more anyway, in the absence of anything better. Rebought a few GSK yesterday, not because of a suddenly good story but because they have a fair yield and are at long-term low.
marktime1231: Fair enough, and I agree this is a long term hold reliable income stock. I have trust in Nigel Wilson, although the ability of cash flow to cover dividends has been a close thing at times. It is also very sensitive to all sorts of macro outside its control, Brexit and covid19 the two most recent examples. The conversation with NSB was not about a lack of faith in the future of LGEN but about derisking, to rebalance having spent the last year buying hard from the 170s upward including using some cash raided from a mortgage offset account. At some stage I need to take some gains, and to balance the sources of the next 10 years of income. Even in a steady state I like to trade small slices using the rhythm between the peaks and troughs to enhance dividend income. In the space of a few months the LGEN share price can move up and down 50p while the yield is a third of that. It is productive and it gives me an interest, the challenge of timing the cycle. Often move too soon. That sort of light trading of LGEN is getting harder because there aren't so many reliable alternatives with well-set 6% yield to back-and-forth with. IMB and ... actually not too many in the 5-6% group either, SSE and NG and ... even BP would be a gamble on the dividend being increased again. If actually when I trim some at 315p+ I will then be looking for a rebuy opportunity around 280p or better, and hoping the next upswing sees full value at 330p.
marktime1231: Quite a few buyers have appeared, punters with their calendars set to week-ahead only just realised the big ex-div is fast approaching? Where was all the clever money when a dip to 272p was made a few days ago, very happy to have topped up and enjoying the share price appreciation since. It would be nice to step up through 300p, might we see the 318p high again ... why not, LGEN is worth it.
williamcooper104: The increased cost on existing annuities is only if assets have to be reinvested if there's a miss match between longevity and the asset life matching that annuity Great thing about LGEN is it's a machine for creating commercial ground rents, which are the best assets to match against annuities and have almost no risk of needing to be reinvested before an annuity runs out Lower rates are of course a headwind to new annuity business and pension risk transfer - but growth is not reflected in the current share price (IMO)
garycook: FAO eurofox.Legal & General (LSE: LGEN) had been doing reasonably well following the Brexit referendum shock of 2016. That vote knocked the whole financial industry for six. But the Legal & General share price was coming back. Until this year. Since the start of 2020, the shares are down 38%. That’s worse then sector rival Aviva and its 32% fall. And way worse than the overall FTSE 100, which is down 22%. Will L&G shareholders see anything to cheer any time soon? I think they will, and it could come quicker than people expect.The thing I like most about the Legal & General share price is that it represents a terrific long-term dividend investment that’s only got better. The annual payments have been progressive. And they’ve provided yields of around the 6% mark in recent years. Dividends in the financial sector have been tumbling in 2020, as companies seek to preserve capital. But LGEN is having none of that. In August, the company announced an interim dividend of 4.93p per share, “providing flexibility as the economic effect of Covid-19 becomes clearer.”Dividend commitment That’s despite a big fall in first-half profit, and for me it shows strong confidence in the firm’s future. The Legal & General share price initially responded positively to the news, but less so than I’d have hoped. And since a second wave of coronavirus infection has been raising its ugly head, the shares have slid downwards again. Maybe investors have less confidence in the insurer’s ability to maintain its dividends than the board does? At the interim stage, the firm’s liquidity looked very solid. The report described the balance sheet as robust, and L&G was able to boast a Solvency II coverage ratio of 173% — slightly better than 12 months previously. Total annuity assets were up, and assets under management were up too.Solid second-half outlook In its outlook statement, the company said “Despite Covid-19, 2020 is anticipated to be the second largest on record, with £20bn to £25bn of UK [pension risk transfer] expected to transact, demonstrating the resilience of this market.“ It added that its investment management arm “is well positioned to continue to drive net flows, and to deliver meaningful earnings growth.” And on that dividend, L&G said it “expects to maintain its progressive dividend policy reflecting the group’s expected underlying business growth, including net release from operations and operating earnings.”Legal & General share price recovery? Forecasts suggest only a modest shrinkage in EPS for the full year. That will leave enough to cover the forecast dividend almost 1.6 times. That’s not far below 2019 cover of a bit over 1.7 times, and it looks very reassuring to me in such a traumatic year. On today’s depressed share price, the dividend would yield 9.5%. And we’re looking at a P/E multiple of just 6.7. I’ve suggested that the Aviva share price could easily double in the next 12 to 24 months. I think the same is likely of the Legal & General share price too.
nick rubens: Pierre "I said i'd never bought a 9% yielding stock." So you haven't bought LGEN then, or if you have it was at higher prices yielding much lower. You said you made money buying Yield Traps? The market is clearly concerned, hence the share price reflecting a huge Yield. Woodhawk "A 5% yield is circa 350p." Not when it's cut, which is what the current share price is indicating. Obviously you think the market is wrong or claim so, so keep buying.
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