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
  -0.30 -0.11% 272.70 5,299,294 16:35:05
Bid Price Offer Price High Price Low Price Open Price
272.90 273.10 274.40 270.70 271.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 66,786.00 2,156.00 30.92 8.8 16,272
Last Trade Time Trade Type Trade Size Trade Price Currency
17:22:47 O 492 272.776 GBX

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Date Time Title Posts
16/1/202120:35Legal and General7,399
28/4/202010:41LGEN poised for a VERY BIG drop.............561
26/6/201715:16who just bought 60 000 000 shares2
17/3/201608:01Legal & General (LGEN) announcement17
03/9/201416:23Is Legal & General being defrauded?3

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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 273p.
Legal & General Group Plc has a 4 week average price of 237.90p and a 12 week average price of 177.20p.
The 1 year high share price is 320.40p while the 1 year low share price is currently 138p.
There are currently 5,966,908,005 shares in issue and the average daily traded volume is 9,329,122 shares. The market capitalisation of Legal & General Group Plc is £16,271,758,129.64.
williamcooper104: Apollo has done exceptionally well out of Athene - so a big US GP could have a pop - which of course wouldn't be a disaster from our perspective LGEN is growing it's US business but it's cash much a U.K. business - so if UK is toast then LGEN takes a huge kick In fact LGEN stepped up their investment in the U.K. post 2016 (house building/Build to Rent is a big contributor to profitsnow) - and they've done well out of that as Brexit prevented U.K. assets from fully pricing in QE infinity - LGEN hoovered up ground leases on yields that are now higher on what you would get from a prime Paris/Berlin office
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.
pierre oreilly: Nick eh? I said i'd never bought a 9% yielding stock. So no, lgen isn't my first. You have a funny view on divis. They are, in times like this, totally uncoupled from the price. i.e. bt lloy with a current zero divi are not priced at zero, exactly the same reasoning as why lgen's divi isn't out of kilter in these exceptional times. If profits stay up, lgen will pay the same or increased divi irrespective of the share price.
nick rubens: Ok cheers Pierre, so LGEN is the first 9% yield stock for you then. 5% yield in itself is good but they are not considered Yield Traps, that's likely why they have been maintained and even grown to give you a capital gain. For LGEN to Yield a safer 5%, it would indicate a share price of around 120p.
damanko: Going with the flow...: In the last year or so L&G has 'lost' Sir Robert McAlpines pension administration to Fidelity. Perhaps an extrapolation of that one event explains the rapid fall in the share price. Does anyone remember 2001? I say that as the share price today is the same as it was 19 years ago.
milliethedog: W104, yes, so long as the divi is maintained am sure, long term, Lgen is a good bet. But even then a c8% yield is not good for me if the share price cuts it's wrists....I don't want to sit on too much of a paper loss IF the US indices have a nose bleed these, & others, may very well test March/April low's. Hope not tho..... Speaking personally my 'watchlist' containes....Lgen, Av, RDSB, IMB, BT, Lloy, HSBC....mostly excellant divi stocks but beaten down just now For instance am waiting for RDSB @ 1,000 & IMB @ 1,200.... M
netcurtains: NAV per share is 153. Share price is about 223. So NAV about 70% of share price. So LGEN is really really cheap ... Take Standard Life it has similar NAV but its liabilities are way bigger than its current assets..... LGEN is incredibly cheap by comparison (using NAV and current assets)
erogenous jones: I was rather expecting the share price to fall back after it broke through 215p. I took some of my holding off the table in anticipation of a down day yesterday. For LGEN that didn't happen and the share price has continued to rise. Not complaining, of course. And although I have invested some of the dividend received from LGEN, I have squirrelled some away to bulk up cash reserves. Currently sitting on 6% cash, which is most unusual as I like to be fully invested.
erogenous jones: p0pper, if it is of any help, trying to time the market is generally a mugs game. You could do worse than drip money in, but in my experience any bargain that is smaller than £1,000 will be hammered with dealing costs. Looking at the chart, it seems to me that the share price is making a higher low and a slightly higher high to indicate that the share price should have a go at crossing the 225p mark over the next month provided that volumes remain steady and there is no news to alter the momentum. It could be argued that the share price had become a little frothy during 2019 and things will return to a trading range of 210p to 285p. And I'll be happy with that, if truth be known and simply allow dividends to accumulate for re-investment.
Legal & General share price data is direct from the London Stock Exchange
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