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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Legal & General Group Plc | LGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.16% | 244.60 | 16:35:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 243.50 | 241.80 | 245.00 | 244.60 | 245.00 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 26/3/2024 10:28 by netcurtains unastubbs: Value stocks... There are loads of ways of looking at value...If you mean value at todays prices that is potentially a value trap. If that value company is in long term decline - good value today might be worthless in ten years time. The market appears to be saying the UK FTSE itself might be a value trap due to events in 2016 (etc).... Investors want more evidence that the UK is escaping the long term negative affects of previous decisions.. |
Posted at 23/3/2024 10:41 by woodhawk Another point to bear in mind if considering attempting to 'swap' divis for a (hopeful) capital gain is that divis are taxed at 8.75% while capital gains are taxed at 10 or 20% (obviously only on shares outside ISA or SIPP). Additionally, from April 6th, annual tax free allowances will drop to just £3K as regards cap gains and £500 for divis. A lot more smaller traders/investors are going to have to be declaring their trades - and divis - to the tax man. |
Posted at 23/3/2024 09:59 by bargainsniper Investors have got used to lowly valued Uk shares akin to past low interest rates. Time will prove neither lasts forever.The savvy among us have and are accumulating. |
Posted at 18/3/2024 17:10 by marktime1231 How interesting well done wc. Is this Simoes pre-empting his strategy reset ahead of the June capital markets day, proceeding at pace. Does it suggest a simplification, a focus on core business activities and cleaner branding, whereas in recent years LGEN has dabbled in all sorts of ventures with mixed fortune. Cala has been a positive asset development. Might this translate in to more support for the share price rather than plumping up the dividend. Responding to the pressure caused by Aviva outperformance. Or corp investors fed up with the share price in the doldrums and no obvious response, we know city brokers want a buyback. |
Posted at 06/3/2024 11:20 by anhar Small private investors are generally opposed to BBs and would prefer higher divis or maybe debt reduction.However PIs are irrelevant to big caps who are influenced only by their institutional shareholders in making BB decisions. These investors overwhelmingly prefer BBs and that's why the BB pandemic has spread so widely. It's so entrenched now that companies seem to fear not following the BB fashion, like a teenager desperate to wear the right gear so as not to be different. Credit to LGEN for not joining in. |
Posted at 03/2/2024 15:12 by waldron Iain GilbertSharecast News 08 Jan, 2024 17:14 08 Jan, 2024 17:14 Broker tips: Berenberg upgraded its rating for insurance and investment group Legal & General from 'hold' to 'buy' on Monday, saying that the macro environment should support the shares heading into 2024. "At the start of 2023, the macroeconomic environment was not supportive for Legal & General shares," said analyst Thomas Bateman, who also raised his target price on the stock from 258.0p to 289.0p. Investor concerns about credit risk and property valuations have hampered the stock since January 2022, said Berenberg, but it thinks the tide was set to turn going into 2024, driven by a greater certainty about the interest-rate outlook. Looking ahead, Bateman said: "Fears of credit risk and real estate valuations are subsiding, but the benefits of higher interest rates for L&G, such as strong annuity volumes, are here to stay, and we expect strong annuity volumes to drive a step-up in capital generation." Meanwhile, he said that L&G offers one of the best dividend prospects for income investors, being the seventh-highest yielding stock on the FTSE 100, trading at an 8.5% 12-month forward dividend yield. A predicted "step-up" in capital generation growth could also drive higher dividends, Bateman said. |
Posted at 03/1/2024 20:18 by pastyman3851 https://www.proactiv |
Posted at 28/12/2023 09:23 by skinny "Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at Options include growing capital-light businesses such as defined contribution pension savings and wealth management. &ld Over a shorter timeline, investors are hopeful for more clarity on near-term capital returns. Some analysts think there could be scope for the new CEO to announce a share buy-back but others think the group is still more likely to put capital to work in extra bulk annuity deals. Jefferies portrays the group as “caught between a bulk and a buyback”. Whether Simões doubles down on the bulk annuity market in pursuit of growth or puts greater stress on shareholder returns will be a key first test of his intention, investors say. “His first port of call is to build his reputation, and his credibility with investors,” said Crean." |
Posted at 04/11/2023 13:29 by kipper999 Legal & General's shares slide but dividend yield remains attractiveLegal & General (LSE:LGEN) has experienced a significant decrease in its share price over the past two years, with an 8.9% drop in the past year and a total decline of 26% over the past two years. Despite this downturn, the company's dividend yield has risen to 8.8%, which is highly sought after by investors. This comes as the company maintains a robust dividend health, demonstrated by a consistent payment history and a strong dividend coverage ratio of 1.98 times in 2022. In a challenging macroeconomic environment, Legal & General reported an H1 operating profit of £941m, slightly below the previous year but still in line with its five-year financial objectives. The company, which does not participate in buybacks, primarily rewards its shareholders with dividends. The firm aims to generate between £8bn and £9bn in capital by 2024, with £5.9bn already secured. Legal & General's Solvency II coverage ratio, a key indicator of financial strength, increased year-on-year from 212% to 230%. As a leader in the Bulk Purchase Annuities (BPA) market, Legal & General handled transactions worth £7.2bn in 2022. The BPA market has grown from £10bn in 2016 to over £50bn in 2022, and Legal & General was the top BPA provider in the UK for 2022. Despite leadership changes following Sir Nigel Wilson's retirement and a lower share price than five years ago, Legal & General remains steadfast. The company generated a net surplus exceeding dividends by £600m and deferred new business profits worth another £600m. Although investor views may differ on Legal & General's performance, The Motley Fool UK suggests that there's no catch to the high dividend yield. Furthermore, only 15% of the UK's defined benefit programs have been transferred to insurance providers like Legal & General, indicating potential growth for the company in the future. InvestingPro Insights InvestingPro data and tips offer valuable insights on Legal & General's performance and outlook. The company's market cap stands at a substantial 16308.05M USD. Its P/E ratio is at 6.53, indicating a relatively low valuation compared to earnings. The company's dividend yield is impressive at 8.82%, reflecting its commitment to rewarding shareholders despite the challenging market conditions. Two InvestingPro Tips that stand out are that Legal & General has raised its dividend for 14 consecutive years and pays a significant dividend to shareholders. These tips align with the company's strategy of primarily rewarding its shareholders with dividends, as noted in the article. InvestingPro provides a wealth of additional tips for Legal & General and other companies, providing valuable insights for investors. It's worth noting that despite some financial challenges, Legal & General has managed to maintain a robust dividend health, which is a key factor for dividend-focused investors. |
Posted at 09/9/2023 16:35 by pj84 I agree with the questor view that even though the dividend yield is currently at 9% it appears to be secure and likely to continue to rise and sentiment could quickly change as we are hopefully (fingers crossed) at the peak of the current interest rate cycle and the delayed impact seems to be feeding through to the economy and people on fixed rate mortgage deals will continue to come off previous low rates every month and that will continue for a few more years yet.Extremely high dividend yields are often considered a red flag by income investors. In many cases they are assumed to indicate a company that is struggling to afford its payouts to shareholders and is therefore likely to cut its dividend before long. As with all things in the investment world, though, there are exceptions. Sometimes a high-quality company that can easily afford its dividend payments ends up trading at an unjustifiably low share price that causes its yield to spike to an unusually high level. In such situations, this column believes the risk/reward opportunity for income investors is favourably skewed. Legal & General is an obvious example. While the FTSE 100 yields 3.9pc, the diversified financial services firm has a yield of around 9pc. This is in spite of an excellent dividend record that is unmatched by many large companies. It maintained dividend payments throughout the pandemic and has increased them at an annualised rate of 4.2pc over the past four years. Its investors have thereby enjoyed above-inflation income growth, since price rises have averaged 3.5pc a year over the same period. In its half-year results, released last month, the company raised its interim dividend by 5pc and said it planned to maintain this rate of growth through to next year. Since the Bank of England expects inflation to fall to below 3pc within a year, investors in the stock should experience a further real-terms rise in their income. Legal & General’s dividend payouts are highly sustainable, as they were covered twice by profits last year. Its financial position is sound; its “solvency ratio” of 230pc is well in excess of regulatory requirements. As a result, the chances of dividends being paid at their current, or higher, level over the coming years remain good. This is in spite of the negative impact of 14 consecutive interest rate rises on the company’s investment management business. Higher interest rates have inevitably suppressed asset prices and contributed to a 10pc year-on-year decline in the amount of money L&G manages in the first half of the year. However, with interest rate rises likely to abate and the world economy’s growth prospects likely to improve, the outlook for asset managers is increasingly upbeat. Indeed, the company’s investment management operations could swing from acting as a drag on overall performance to being a key catalyst for its financial returns, and hence its share price, as its profitability is so closely linked to the fortunes of the stock market. Higher interest rates have had a far more positive impact on L&G’s pension risk transfer business as they have contributed to a reduction in pension deficits and growing demand for insurance policies that provide pension schemes with a guarantee that retirement benefits will be paid. Since only 15pc of Britain’s defined benefit pension liabilities have so far been transferred to insurers, there is significant scope for growth in this area. Clearly, the forthcoming arrival of a new chief executive represents a sizeable risk for investors; the incumbent, Sir Nigel Wilson, has overseen sound financial performance for many years. A price-to-earnings ratio of just 5.6, though, suggests that investors have more than adequately factored in the potential for strategy changes and any short-term uncertainty that may accompany them. Dividends received or due to be paid since then amount to 49pc of our purchase price, which makes our total return roughly 36pc. None the less, negative capital returns more than six years after purchase represent a disappointing outcome for a company that is delivering sound financial performance. When investors will warm to Legal & General is anyone’s guess. But an extremely high yield and an exceptionally low valuation do not dovetail with a business that has a solid record of profitability, a sound financial position and clear long-term growth potential. This column remains optimistic about the stock’s prospects and it remains a key holding in our income portfolio. Readers without a holding should consider a purchase. Questor says: buy Ticker: LGEN Share price at close: 213.6p |
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