Legal & General Group (LGEN) Share Price, News & Analysis

Company Overview

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets. The LGC segment provides investment strategy and implementation, and direct investment and structuring services. The Retail segment offers protection products, such as health, disability, critical illness, and accident; individual term assurance; reinsurance; savings and death benefits; annuities; lifetime mortgages; lifetime care plans; retirement interest only mortgages; and workplace savings scheme that provides corporate pension scheme solutions. It is also involved in the unit trust and institutional fund management, mortgage finance, treasury, building project and modular housing development, general insurance, and open-ended investment businesses. In addition, the company engages in the investment, operation, management, trading, and letting and operation of leased real estate; and construction of commercial buildings, financial intermediation, pension tracing and transfer, insurance agents and brokers, fund general partner, commercial lending, venture capital investing, contractual scheme, investor alternative investment fund, collective asset-management, and investment management activities; and provision of investment advisory, business information consultancy, and technology services. Legal & General Group Plc was founded in 1836 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: 221.40 to 224.91
• 50-Day Range: 214.70 to 239.40
• 52-Week Range: 211.40 to 259
• Volume: 38.38 million shs
• Average Volume: 16.92 million shs
• Market Capitalization: £13.05 billion
• P/E Ratio: 4,468.90
• Dividend Yield: 9.40%
• Price Target: GBX 276.67
• Consensus Rating: Moderate Buy

Legal & General Group Stock Analysis - MarketRank™

Legal & General Group scored higher than 44% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Legal & General Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Legal & General Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Legal & General Group is 4,468.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Legal & General Group is 4,468.90, which means that it is trading at a more expensive P/E ratio than the Financial Services sector average P/E ratio of about 435.42.

Price to Earnings Growth Ratio

Legal & General Group has a PEG Ratio of 2.34. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Legal & General Group has a P/B Ratio of 3.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LGEN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Legal & General Group is a leading dividend payer. It pays a dividend yield of 8.92%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Legal & General Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Legal & General Group is 42,000.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.74

Short Interest

There is no current short interest data available for LGEN.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

Legal & General Group has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Legal & General Group this week, compared to 2 articles on an average week.

Search Interest

19 people have searched for LGEN on MarketBeat in the last 30 days. This is an increase of 111% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Legal & General Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Legal & General Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £5,759.62 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

Only 0.88% of the stock of Legal & General Group is held by insiders.

Percentage Held by Institutions

47.17% of the stock of Legal & General Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LGEN Stock Analysis - Frequently Asked Questions

How have LGEN shares performed this year?

Legal & General Group's stock was trading at GBX 251.10 at the beginning of the year. Since then, LGEN stock has decreased by 11.0% and is now trading at GBX 223.45.
View the best growth stocks for 2024 here.

How do I buy shares of Legal & General Group?

Shares of LGEN stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Legal & General Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Legal & General Group investors own include Lloyds Banking Group (LLOY), Aviva (AV), Barclays (BARC), BP (BP), GSK (GSK), Vodafone Group Public (VOD) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 8/22/2024
• Dividend Payable: 9/27/2024
• Today: 12/20/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: N/A
• Current Symbol: LON:LGEN
• CUSIP: N/A
• CIK: N/A
• Web: www.legalandgeneralgroup.com
• Phone: +44-20-31243000
• Fax: N/A
• Employees: 11,956
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 276.67
• High Stock Price Target: GBX 325
• Low Stock Price Target: GBX 245
• Potential Upside/Downside: +23.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.05
• Trailing P/E Ratio: 4,468.90
• Forward P/E Ratio: 9.22
• P/E Growth: 2.34
• Net Income: £281 million
• Net Margins: 2.46%
• Pretax Margin: N/A
• Return on Equity: 6.51%
• Return on Assets: 0.18%

Debt

• Debt-to-Equity Ratio: 722.64
• Current Ratio: 1.12
• Quick Ratio: 0.50

Sales & Book Value

• Annual Sales: £12.32 billion
• Price / Sales: 1.06
• Cash Flow: GBX 370.74 per share
• Price / Cash Flow: 0.60
• Book Value: GBX 67 per share
• Price / Book: 3.34

Miscellaneous

• Outstanding Shares: 5,840,000,000
• Free Float: N/A
• Market Cap: £13.05 billion
• Optionable: Not Optionable
• Beta: 1.31