LGGNF - Legal & General Group Plc
| Previous close | 2.8070 |
| Open | 2.9175 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 2.8320 - 2.9270 |
| 52-week range | 2.1400 - 3.5900 |
| Volume | |
| Avg. volume | 15,717 |
| Market cap | 17.808B |
| Beta (5Y monthly) | 1.37 |
| PE ratio (TTM) | 6.45 |
| EPS (TTM) | 0.4500 |
| Earnings date | N/A |
| Forward dividend & yield | 0.23 (8.29%) |
| Ex-dividend date | 27 Apr 2023 |
| 1y target est | N/A |
- Financial Times
UK fund giant L&G bets on Ecuador’s Galápagos debt experiment
Britain’s biggest asset manager buys $250mn of bonds in a sign of growing investor interest in debt-for-nature swaps
The TelegraphHeat pumps to be installed in 50,000 households a year
A green energy company plans to install 50,000 heat pumps a year in British homes after securing a £70m investment from Octopus Energy and Legal & General.
The GuardianLegal & General halts new production at modular homes factory near Leeds
Group tells staff it will let most of them go, as it considers options for loss-making factory
- The Guardian
Fast-build modular homes – an answer to the UK housing crisis?
Industry in UK is still largely loss-making but there are hopes it might soon deliver significant proportion of new homes
ReutersL&G's fund arm to back climate votes at U.S., Canadian banks
LONDON (Reuters) -Britain's biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of eight leading U.S. and Canadian banks. LGIM, insurer Legal & General's fund arm, which manages around $1.5 trillion, said it was going public ahead as part of an escalation strategy after backing several climate votes last year. "We continue to consider that decarbonisation of the banking sector and its clients is key to ensuring that the goals of the Paris Agreement are met," LGIM said in a statement, referring to the world's shared goal of capping global warming.
- Reuters
Legal & General 2022 operating profit up stronger-than-expected 12%
FRANKFURT (Reuters) -Operating profit at British life insurer and asset manager Legal & General Group Plc rose a stronger-than-expected 12% in 2022, helped by its retail operations but dragged down by market moves at its asset management division, it said on Wednesday. The company, one of Britain's largest insurers by assets and market capitalisation, said that it was on track to meet its medium-term goals. "We are seeing some big positive macro and demographic trends which are reinforcing the growth of our business," Chief Executive Officer Nigel Wilson told Reuters, referring in part demand for its products as populations age.
- Investing.com
Legal & General profit up 12% in 2022 as rising rates boost pension business
By Geoffrey Smith
ReutersLegal & General sues Glencore for investor losses after corruption fallout - FT
Glencore's UK subsidiary pleaded guilty to seven instances of bribery last June in relation to its oil operations in Africa, and was ordered to pay a penalty of 276.4 million pounds ($310.6 million) in November. L&G's case concerns alleged losses to shareholders resulting from Glencore's statements to the market, after corruption probes revealed misconduct, the FT reported on Thursday, citing people familiar with the matter. The claim has been formally launched, but the asset manager has not filed legal documents yet detailing its allegations, the report added.
ZacksShould Value Investors Buy Ageas (AGESY) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The TelegraphLegal & General boss steps down after more than a decade
Legal & General boss Sir Nigel Wilson is stepping down after more than a decade leading the financial services giant.
The GuardianLegal & General chief executive Nigel Wilson to retire
Asset manager and insurance group’s shares fall after news, making it the worst performer on the FTSE 100
Yahoo Finance UKWall Street falls ahead of Fed rate decision while FTSE bounces back
FTSE cautious as investors brace for central bank decisions in the UK, eurozone and the US later this week.
ZacksIs Allianz (ALIZY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ReutersL&G plans to vote against Capricorn leadership and NewMed merger
LONDON (Reuters) -Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn's senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters. Capricorn shareholders will vote on the NewMed deal on the morning of Feb. 1 before voting in the afternoon on activist investor Palliser's proposal to overhaul the board. The deal is opposed by Capricorn's three biggest investors, who say that it undervalues Capricorn.
ZacksAre Investors Undervaluing Legal & General Group (LGGNY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ZacksIs Legal & General Group (LGGNY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ReutersInvestor L&G says change of Capricorn directors 'warranted'
LONDON (Reuters) -Capricorn Energy investor Legal & General Investment Management is in favour of changing Capricorn's directors, it said on Tuesday, after another investor's call for a vote to oust seven of them including the CEO. "We believe there has been a substantial breakdown in relations between the current Capricorn board and Capricorn shareholders," Legal & General, which owns a little less than 4% of Capricorn, said in an emailed statement. Capricorn's third-biggest shareholder, Palliser, on Monday called for a general meeting to set a vote on removing seven Capricorn directors from supervisory roles, including the chief executive and finance chief, in a plan Capricorn rejects.
ZacksAre Investors Undervaluing Axa (AXAHY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Reuters
L&G Investment Management defers monthly dealing in $4 billion UK property fund
Legal & General Investment Management is deferring monthly dealing by institutional clients in its 3.7 billion pounds ($4.17 billion) Managed Property Fund, it said in an emailed statement to Reuters on Thursday. The investment management unit of the British insurer said trading in all other property funds, retail and institutional, was unaffected. Open-ended real estate funds across Britain have been battling to meet a surge in requests for investor exits, against an uncertain economic backdrop and sharp rises in interest rates which have challenged the investment case for commercial property.
The TelegraphThe bond chaos has hit L&G hard – but here's why investors should keep faith
Legal & General has been having a tough time of it since Kwasi Kwarteng’s disastrous mini‑Budget: its shares have lost about a 10th of their value in those four weeks, compared with (for example) 5.6pc for Direct Line, a more bread‑and‑butter insurer, and 4.3pc for the FTSE 100.
ReutersExplainer-How are life insurers coping in LDI storm?
The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged. Life insurers also use LDI strategies in their provision of annuities, which pay a fixed income for life. HOW HAVE LIFE INSURERS PERFORMED?
The TelegraphBank of England stops buying bonds as market chaos subsides
The Bank of England has stopped buying government bonds for the first time since its emergency intervention to stabilise the market, in a sign that the panic that gripped gilts has already subsided.
- The Guardian
Legal & General seeks to reassure investors amid pension fund volatility
Pension and insurance company says it has not been a forced seller of government bonds
- Investing.com
Legal & General Shares Jump As Firm Aims to Reassure Investors Amid Market Turmoil
By Scott Kanowsky