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
  3.60 1.38% 265.00 9,073,637 16:35:16
Bid Price Offer Price High Price Low Price Open Price
265.00 265.10 267.20 263.80 264.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 50,231.00 1,499.00 27.00 9.8 15,814
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:05 O 5,727 265.00 GBX

Legal & General (LGEN) Latest News (3)

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Legal & General (LGEN) Discussions and Chat

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Date Time Title Posts
29/7/202116:22Legal and General7,925
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) 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 261.40p.
Legal & General Group Plc has a 4 week average price of 249p and a 12 week average price of 249p.
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 12,443,657 shares. The market capitalisation of Legal & General Group Plc is £15,813,513,426.05.
marktime1231: Dumping an "investment" after a couple of months, at a loss, buying after a big dividend and selling before the small one? Value, one that pays 6.5% and now progressive, but fed up that the share price floats around? One that is fundamentally cheap and safe on all measures? That has an outlook for a stronger share price over the medium and long term? The musings of someone playing games perhaps. The mistake is not LGEN. It is unduly sensitive to macro economic sentiment which is disappointing at times but doesn't make it a dog, it just makes the market and investors fickle. To get rich slowly you have to invest for longer than a couple of months. You are trading, not investing, and badly, a minus mark against the "mature" aspiration.
marktime1231: You might be right, shares do go down as well as up etc. But with LGEN yielding over 6.5% at a 265p share price on a p/e of 12 and any further dip likely to be temporary within a cycle of 240-330p it is not a worry. On the other hand we might have seen the bottom of the current cycle already, and with prospectively good news on the way we should see 280p if not 290p again within the next 6 weeks. If you don't add now you might well be missing out. It is not a perfect science predicting the precise tops and bottoms of cycles, sometimes logic lets you down, same with the alternative method of imagining patterns by staring at charts. But when the worst consequence is that you are "saddled" with shares producing the sort of income you can retire comfortiably on, well that suits me just fine.
levisrus: Hi fellow investors. Heavily invested with LGEN. I think part of the recent drop due to investment properties. Most builders taking a bath from recent highs. Then stress tests for banks and insurance companies for ‘Clinate change’ What next! when the largest forested area in the world is being cleared in Russia on a yearly bases, size of Wales. Timber goes to China and manufactured goods end up exported to USA. The rain forrests in Asia destroyed at a pace of the size of Germany every decade for cheap palm oil. Millions of creatures killed…you won’t see that aired on BBC or SKY. The whole thing is a disgrace with world leaders shouting climate change but look the other way!! ULVR are one major player of palm oil. Almost half of all goods in supermarkets contain palm oil from what used to be rain forrests to wild animal life and flora….are there alternatives. Yes it’s all those yellow fields called oilseed rape but more expensive, Europe subsidized not to grow and ground is fallow @ farmers paid to have percentage arable farm growing zero! I’m all for a pollution free world. I hope LGEN aren’t being influenced by politicians and are genuinely interested in invironmental issues. Look forward to reading headline pressure from LGEN ref palm oil companies & there are dozens of companies, where LGEN are invested. Not all about fossil fuel!!
wllmherk: I'm getting hammered these last 2 weeks, my three biggest holdings are PHNX, DLG and LGEN. I also hold CSN. PHNX was falling even before the Swiss Re news broke, not sure why these companies' share prices are getting mullered but, I'm down almost 5% in a fortnight. wllm :(
hydrogen economy: Will we ever see £3 again? Yes The dividend stream alone is worth that on a DCF calc if it grows at 3% or more (with a 6% DF). Since 2011 LGEN div has grown at CAGR of 12% so that seems very conservative. Board expect EPS to rise faster than dividend up to 2024 which should push share price well above 300. When? dunno but we get a great dividend whilst we wait.
sd235: As an aside for those looking for a good dividend and not to worried about share price growth, Henderson far East income is worth looking at. Its still offering a 7.1% dividend. If it was a UK investment trust with that dividend then you would expect significant negative share price over 5 years (my preferred reference) probably around 25% plus. Also a big discount to NAV. Henderson far East trades at a small premium and has a positive share price gain of 16% over 5 years. I would have bought more of these during the crash but I want a minimumal amount in China. It has 23% in China so not going to put anymore in. I have a 8% dividend and about the same share price gain over 14 months.
cassini: Pierre, Spawny I posted to you on this board then sent you the PM in that order which is probably why you haven't seen it, bad timing on my part. Pierre, I ought to point out that I never mentioned a 'double-digit return' ;0) I mentioned a point in time in March when talking to my friend and reckoned I could get him around 9% in dividends from a few stocks at that time. The time to fill yer boots was last year, when valuations were depressed. Of course that didn't always go well and some firms offering high historical returns cut or eliminated their divi entirely. Take Royal Dutch Shell: 75 years of uninterrupted increasing dividends which reached double digits yield last year and then they slash their divi by 2/3. So the list of very high yielders at the moment is much shorter than it was but here are some with yields in the 8-9% ballpark or could be if one times a purchase right: IMB 8.7% (Imperial Brands, tobacco. Recent change of management (old CEO was clueless allegedly), now reducing debt by sale of cigar company and a slightly reduced divi, wide economic moat, strong cashflow, shunned by ESG funds but share price now looks to be recovering) divi reduced slightly to facilitate the debt reduction) BATS 7.6% (British American Tobacco. Not as attractive as IMB now in my opinion and the yield is the lowest in this list, but still has a decent yield and adds diversification to a portfolio) CSN 7.9% (Chesnara, very boring, very safe IMO insurer/life assurance) RAVP ~10% (Raven Properties. Commercial property Anglo-Russian cumulative irredeemable preference shares) MNG 8.4% (Spun off from the Pru. The high yield is perhaps due to the market not being sure of it due to its short track record) DEC 9.16% (Diversified Energy Company - changed name recently, was DGOC before. Sort of half energy company, half financial company almost as it hedges all its energy contracts and does not explore for energy - it buys up old end-of-life US gas wells and extracts every last bit of gas from them. Didn't miss a beat in 2020. Needs to be in a SIPP really as withholding tax applicable ) Up until last month I would have suggested INVP (Investec, financial services, Anglo-South African) as a potential high yielder. It eliminated its divi last year and has just restarted it but it isn't clear what the final amount will be and the share price climbed nearly 50% last month as it rerated. Another possibility is RPS an engineering consultancy which also eliminated its dividend last year. Historically it paid nearly 10p/share and the price currently is about 100p. What level will the divi be when reinstated? I don't know but if it's 10p then that's 10% right there. Perhaps I'm being optimistic, but if RPS continues its share price rise, gets back to 200p, then the 10p divi will only equate to 5%, so a 10p reinstated divi is not pie in the sky. I actually think some of the more under-the-radar high dividend yields are those, like RPS, which cancelled their divi last year, saw their share price halve or more, but can still be picked up cheap IMO and should eventually show quite a good dividend yield if picked up cheap now, when they reinstate the divi. However, it's a speculative tactic for sure, no guarantees. I've only included what I consider the safer possibilities here. As someone mentioned, there are shares like STCM (Steppe Cement) but you are getting the high yield there due to geopolitical risk (RAVP might be considered to suffer from this effect too). PS: Some companies offer special dividends. These are often not included in lists of dividend yields so the casual observer can miss them. Of course they are discretionary but can be pretty good. some miners like RIO, POLY offer them, Also NWG (NatWest Group) gave one in 2019, as did MNG. I have RIO but the basic dividend yield has come down in the last month or two due to rising share price, but a special dividend ought to be added on top of the basic dividend to get the full picture. Commodities are doing well at the moment.
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.
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.
Legal & General share price data is direct from the London Stock Exchange
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