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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 Shares Traded Last Trade
  1.00 0.45% 224.70 28,953,569 16:35:01
Bid Price Offer Price High Price Low Price Open Price
225.40 225.50 227.40 222.80 224.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 29.50 13.48B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:42:10 O 2,000 226.4862 GBX

Legal & General (LGEN) Latest News (2)

Legal & General (LGEN) Discussions and Chat

Legal & General Forums and Chat

Date Time Title Posts
14/6/202419:17LGEN Moderated Thread5,905
14/6/202416:22Legal and General12,662
17/3/202416:46LGEN for charts3
03/2/202415:12Legal & General - News & Charts2,844
06/5/202320:29Legal & General (LGEN) announcement18

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Legal & General (LGEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-06-14 15:43:24226.492,0004,529.72O
2024-06-14 15:43:21226.492,0004,529.72O
2024-06-14 15:42:13224.96900,0002,024,649.00O
2024-06-14 15:35:02224.7025,83258,044.50O
2024-06-14 15:35:02224.702,8146,323.06O

Legal & General (LGEN) Top Chat Posts

Top Posts
Posted at 14/6/2024 09:20 by Legal & General Daily Update
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.
Legal & General currently has 5,979,665,207 shares in issue. The market capitalisation of Legal & General is £13,478,165,377.
Legal & General has a price to earnings ratio (PE ratio) of 29.50.
This morning LGEN shares opened at 224.50p
Posted at 14/6/2024 13:44 by tornado12
predicting the market has always been challenging, and once again we see movements that were not obvious 2 weeks ago. The interest rates holding high for longer and looking for only small reduction in 2024 is a big negative for equity market and financial impact. However, if the investor has a solid base for income and are not distressed seller of capital, then its business as usual looking to add when funds are available. I was already thinking not to add in LGEN when share price reached north 260p, but now it looks again in purchasing range. Keeping the faith for income is my key priority with my average yield now at 9,6% GLA
Posted at 14/6/2024 08:50 by tornado12
Looks like they made their first 2M BB yesterday. Current share price is compelling , I have no doubts , but our new CEO needs to understand the fickle market if we are to see the true value of LGEN. The good thing is the long term vision in growth is there and I believe foundations are very strong. Will continue to add YoY at these crazy low prices and yields GLA
Posted at 14/6/2024 07:02 by waldron
Legal & General: share price down, UBS lowers guidance
June 13, 2024 at 04:31 pm
Share
The share price is down -2% after UBS lowered its target price.

The Legal & General group yesterday announced a £200 million share buyback for 2024 as part of its plan to increase returns to shareholders.

Following this announcement, UBS confirms its neutral recommendation on the stock and lowers its target price to 240p (from 258p), which represents upside potential of only 4%.

UBS highlights the fall in EPS, with no increase in shareholders' total return on capital. The realization of private assets is essential in the coming transition period," says the research firm.

The Group plans to create a single asset management division and revise its capital allocation policy. Improved returns are targeted, with a compound annual growth rate in core earnings of 6-9%.

CercleFinance.com.
Posted at 13/6/2024 19:02 by phil1969
No it's not. And specially not in the context of the question asked. Yield when quoted in fundamentals is as a percentage of the current share price. So the question asked, is will the yield promised by board be higher than promised due to share price drop or will the percentage payout be the same meaning a lower cash payout.
Posted at 12/6/2024 12:50 by marktime1231
A bit disappointed that the intended buyback is only £200M, is that before any proceeds of Cala Homes divestment? As has been neatly put it would take a decade at that rate to have any real effect. It would have been more impressive if the pre-CM announcemnt of what Simoes was about to say was followed by a swift rns putting the buyback intention in to motion.

Cala held for sale under CFO so is that a hint they are looking for proceeds in cash rather than swapped for an ongoing investment in the shares of a housebuilder? A pity there is no meat on the bones of this deal.

Scrimgeour paying the price for dismal IM performance. A merger with hollowed out Capital where Mason has been sidelined. And yet no announcement of the incoming Asset Management leader is disappointing. Why give the job of transformation to Scrimgeour and Mason when they are on the way out, the new leader needs to lead. Yes to building up more adventurous business areas within this division, also potentially stripping away superstructure to make it more efficient eg cost savings? Need to wow us with the swift appointment of a global superstar asset manager.

Financial performance targets are not spectacular, they never were, a dividend outlook pretty much in line with inflation. But that is fine given where we are starting from.

As ever with LGEN the opportunity is to exploit the cycles in share price. Boost your effective yield, add low and trim high. Weak reaction to the CM event, where the key moves were open secrets, helping to create such an opportunity.
Posted at 07/6/2024 13:15 by rongetsrich
The share price is behaving in line with the sector today, so if there are any leaks or rumours about the strategic plan, they can’t be that bad.
Personally I’d like to see a buy back with cancellations.
Sure it won’t help the share price, but it’s worked after some persistence at AV. Share price and divi up, and sustainable.
Perhaps a quarterly dividend, as well.
Posted at 27/5/2024 13:39 by marktime1231
Funded reinsurance has been an important tool for LGEN when capturing pension transfer business. It means it can take on larger annuity transfers by re-insuring (sharing) a part of the risk with third parties to reduce exposure and capital strain.

The BoE PRA has been reviewing FundedRe for some time and last June raised questions about whether this increases risks, about how the third parties invest and manage liability, whether the underlying assets are appropriate and sufficiently liquid to service the pensions under stress conditions etc. While the PRA has regulatory visibility in to how LGEN operates it has less transparency when LGEN reinsures with international counterparties. Reads like there is an intervention on its way.

The outcome is probably going to add hurdles and limit the capacity which LGEN has for taking on new pension transfer business.
Posted at 20/5/2024 14:36 by netcurtains
"if" OIL share prices are going down than possibly insurance/pension share prices should be going up

This is the graph for SHEL -
It does look like our time is approaching
Posted at 07/5/2024 22:17 by zac0_4
". . . My targets for 2028 are 370p LGEN . . . "

Based on what exactly? It certainly can't be historical performance. So, what do you think is going to deliver a 50% uplift in the LGEN share price?
Posted at 23/4/2024 15:56 by marktime1231
Given all the positives it is a shame LGEN hasn't risen more strongly in the run in, I was hoping for at least mid 260's. And it will be a bit of a shock to the system if ex-div kicks the share price back down to the 230's -edit.

Wonder what the chance is of good macro news allowing LGEN to regather in the coming months.
Legal & General share price data is direct from the London Stock Exchange

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