|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.51 - 13.86|
|52 Week Range||13.41 - 19.25|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||7.09|
|Forward Dividend & Yield||0.60 (4.34%)|
|1y Target Est||21.00|
Over the past 10 years Legal & General Group Plc (LON:LGEN) has grown its dividend payouts from £0.041 to £0.16. With...
The following are the top stories on the business pages of British newspapers. Legal & General Group Plc said it had bought the company behind My Future Now for an undisclosed sum and would be making its service available to customers and financial advisers, following the UK government's plans for a state-backed service enabling people to see all their pension entitlements on one web page.
(Bloomberg) -- Record pension transfers boosted first half profit at Legal & General Group Plc as the insurer benefits from U.K. companies seeking to transfer responsibility for paying their retirees.Operating profit rose to 1 billion pounds ($1.22 billion) in the six months through June as the firm expands its annuity book, it said in a statement. Legal & General wins much of the pension-transfer business, partly because it has few rivals for the deals.Insurers are taking on the pension liabilities, betting they can manage them better than retirement pots. Potential competitor Aviva Plc is going through a turnaround under a new chief executive officer and specialist insurer Reassure Group Plc prefers transfers containing both life and pensions assetsL&G completed a record 7 billion pounds of annuity sales in the period, including the 4.6-billion-pound transfer of assets from Rolls-Royce Holdings Plc, the largest ever deal of its kind in the U.K.Assets under management at money manager LGIM climbed 15% from a year earlier to 1.14 trillion pounds, the biggest British fund manager said. Inflows from Asia rose after the investment business won a deal to manage $50 billion on behalf of a Japanese pension fund in the first half, its biggest contract from a customer outside the U.K.The second half of the year “has started well, building on the success of our first half transactions,” Chief Executive Officer Nigel Wilson said in the statement.Pension customers are living shorter lives than insurers had predicted and L&G may release more reserves in the second half as a result, according to the statement. That has bolstered profits for the last two years.Earnings HighlightsTo contact the reporters on this story: Will Hadfield in London at firstname.lastname@example.org;Lucca de Paoli in London at email@example.comTo contact the editors responsible for this story: Shelley Robinson at firstname.lastname@example.org, Neil Callanan, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Every investor in Legal & General Group Plc (LON:LGEN) should be aware of the most powerful shareholder groups...
The closing auction — a window of just five minutes — is becoming the most heavily traded part of the day, a shift that has driven a wedge between investors, banks, exchanges and regulators.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Legal & General Group Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Today we'll take a closer look at Legal & General Group Plc (LON:LGEN) from a dividend investor's perspective. Owning...
British insurer Legal & General has announced plans to invest up to 4 billion pounds ($5.07 billion) in a 10-year house-building partnership with the University of Oxford. Legal & General said its investment, derived from its shareholder, annuity and managed funds, would go towards developing an initial 3,000 homes for university staff, graduates and the general market. The company has formed a 50:50 partnership with the university on the project and said it could replicate the joint venture with other academic institutions in the future.
Let's talk about the popular Legal & General Group Plc (LON:LGEN). The company's shares saw significant share price...
Legal & General Group Plc (LON:LGEN) saw significant share price movement during recent months on the LSE, rising to...
Britain's biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World funds, and said it would vote against their chairs for failing to confront the threats posed by climate change. Legal & General Investment Management (LGIM), the fund arm of insurer Legal & General which has 1 trillion pounds under management, has been among the most vocal asset managers on climate risks, and will also divest from Hormel Foods , Korea Electric Power Corp, Kroger and Metlife.
British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities, which involve Legal & General taking over companies' defined benefit or final salary pension schemes. Blockchain suits "the long-term nature of annuities business as it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years," Thomas Olunloyo, CEO of Legal & General Reinsurance said.
I've been keeping an eye on Legal & General Group Plc (LON:LGEN) because I'm attracted to its fundamentals. Looking at...
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