|Bid||166.15 x N/A|
|Ask||166.20 x N/A|
|Day's range||165.98 - 174.82|
|52-week range||148.75 - 268.90|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||6.15|
|Earnings date||09 Aug 2022|
|Forward dividend & yield||0.15 (8.32%)|
|Ex-dividend date||18 Aug 2022|
|1y target est||191.75|
Legal & General delivered another half of rising dividends as interest rates boosted life insurers, writes Julian Hofmann. Legal & General showed considerable resilience in its half-year results as rising interest rates started to make their impact felt in the annuity market and the company’s insurance reserves. The rising tide meant the life insurance provider saw surplus capital generation above its statutory solvency ratio, which in total was up by 14 per cent to £946mn, and meant it was able to continue the long unbroken rise in its already chunky dividend.
British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives abrdn a seat on the board at Archax and makes the asset manager its largest external shareholder, an abrdn spokesperson said. Founded in 2018, Archax provides access to blockchain-based digital assets and became the first digital securities exchange to win regulatory approval from the Financial Conduct Authority, abrdn said in a statement.
Abrdn, BlackRock and Charles Schwab have done deals or launched products tied to digital assets this month