|Bid||241.00 x 1315900|
|Ask||272.00 x 739400|
|Day's Range||265.50 - 268.50|
|52 Week Range||231.60 - 279.90|
|PE Ratio (TTM)||10.31|
|Forward Dividend & Yield||0.19 (5.44%)|
|1y Target Est||N/A|
It has also been growing in the bulk annuity market, which involves taking on the risk of company defined benefit, or final salary, pension schemes. The insurer said sales at its retirement business for 2017 to date stood at 6.2 billion pounds ($8.29 billion) supported by strong UK and U.S. institutional pension risk transfer markets, individual annuities and lifetime mortgages. It said annuity sales year to date had generated 4.5 billion pounds of annuity premium, compared to 2 billion in the first half, and that it had doubled its U.S. institutional pension risk transfer business versus 2016.
Britain's biggest stock market investor is urging non-executive directors in companies in takeover situations to obtain independent advice to make sure they do not sign up to a bad deal and destroy shareholder value. Sacha Sadan, who heads up corporate governance at Legal & General Investment Management (LGIM), said he had made the request to around 80 non-executive directors and directors of Britain's leading companies at a recent event hosted by the fund firm.
L&G said the roughly one million life insurance policies held in its Mature Savings business were being taken over by Swiss Re's ReAssure division, a life and pensions business that manages closed and non-core in-force portfolios. Legal & General said in statement it would use the cash from the sale to invest in other areas of the business, including annuities, where it is increasingly looking to insure corporate pension risk, investment management and general insurance. The deal is the latest by an insurer to offload a so-called "closed book" of business, policies which are still in force but not being grown further.
Swiss Re has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) for 650 million pounds, the Swiss group said on Wednesday. The policies – which include with-profit, unit-linked and savings products – will be transferred to ReAssure from Legal & General Assurance Society Limited, which is part of the L&G Group," it said in a statement.
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Legal & General Group Plc a score of 68. Our analysis is based on comparing Legal & General Group Plc with the following peers – Old Mutual plc, Prudential plc, Standard Life Aberdeen PLC, Aviva plc, Allianz SE, St. James’s Place Plc, RSA Insurance Group plc, Chesnara ... Read more (Read more...)
Measuring Legal & General Group Plc’s (LSE:LGEN) track record of past performance is a valuable exercise for investors. It allows us to understand whether or not the company has metRead More...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Legal & General Group Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving ... Read more (Read more...)
Legal & General Home Finance appointed Barry Meeks and Steve Haggerty as non-executive directors. Meeks has 35 years of experience, and has been the chief executive of a U.K. bank. Haggerty has been involved ...
The Bank of England said on Wednesday that it wanted the SONIA measure of overnight interest rates to replace scandal-hit LIBOR measure as the main benchmark for commercial sterling interest rates by the end of 2021. "It has become increasingly clear that we cannot rely on LIBOR in the long term," BoE Governor Mark Carney said in a speech to bankers in London. Carney said there was a risk that the banks which currently quote interbank lending rates that are used to calculate LIBOR might pull out and precipitate the benchmark's collapse, which he added "raises obvious financial stability concerns".
BAE Systems is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide both steadyRead More...
Legal & General Investment Management may be the U.K.’s largest manager of index funds, but it doesn’t want to be pigeon-holed as a passive investor.
LGEN operates in the insurance industry, which has characteristics that make it unique compared to other sectors. Understanding these differences is crucial when it comes to putting a value onRead More...
The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email firstname.lastname@example.org. STANDARD CHARTERED Aurelia Bes has joined as director ...
UK asset manager Legal & General Group Plc appointed Kerrigan Procter as chief executive of its capital division. Procter was previously chief executive of Legal & General Retirement's business division. ...
Legal & General (L&G) (LGEN.L), the owner of Britain's biggest fund manager, has staked its claim for a slice of the growing market for exchange-traded funds (ETFs) with a deal to buy Europe-focused platform Canvas. Legal and General Investment Management (LGIM), which runs a third of its $1.2 trillion (£909 billion) in assets in index funds, but none in ETFs, will acquire the platform and $2.7 billion in assets from ETF Securities for an unspecified sum, L&G said on Wednesday . Vanguard, one of the world's biggest providers, has said continental Europe will be a key growth market in the future, fuelled in part by new regulations aiming to remove inducements for financial advisers to push higher-cost funds.
The company has contacted potential buyers in the last few weeks, Sky News said on Monday. The portfolio would be divided into four parts of between 2-3 billion pounds each, Sky said citing a person briefed on the insurer's plans. Rothesay Life, Legal & General and Pension Insurance Corporation were potential buyers according to the media report.
British's third-largest insurer, Legal & General (LGEN.L), is launching an operation in Japan to offer company pension scheme insurance and investment management, Chief Executive Nigel Wilson said on Thursday. Japan has an ageing population which L&G sees as a key driver of growth in its existing markets, as it fuels demand for companies to cut their pension scheme risks. "We've just got approval from the Japanese regulator - you'll see us win business very quickly," Wilson told Reuters in an interview.
Prudential, Aviva, and Legal & General Group are financial services stocks that generally perform in-line with the economy. Firms in this sector offer services ranging from investment banking to consumerRead More...
British mid-caps jumped to a record closing level on Wednesday as investors grew more comfortable with the smaller, more domestically-focused stocks, while the FTSE 100 held its ground as third quarter earnings trickled in. The FTSE 250 (.FTMC) was up 0.6 percent on the day, closing at a record 20,263.1 points. Mid-caps have strongly outperformed the bigger index this year, up around 12 percent against the FTSE 100's 6 percent rise.
Let’s talk about the popular Legal & General Group Plc (LSE:LGEN). The company’s shares maintained its current share price over the past couple of month on the LSE, with aRead More...
Publisher Pearson (PSON.L) said on Tuesday it had agreed a deal to insure a third of its pension scheme liabilities totalling 1.2 billion pounds with Legal & General (LGEN.L) and Aviva (AV.L). The deal "substantially reduces" the risk that Pearson would be unable to fund future retiree benefits and was agreed at no further cost to the company, it said in a nine-month trading update. Under the so-called 'buy-in bulk annuity', the insurers take on some of the risk of the pension scheme, which remains with the company.