Legal & General Group PLC

Legal & General Group Plc engages in the provision of risk, savings, and investment management products and services. It operates through the following segments: Legal and General Retirement Institutional (LGRI); Legal and General Capital (LGC); Legal and General Investment Management (LGIM); Retail Retirement; and Insurance. The LGRI segment is involved in pension risk transfer business including longevity insurance. The LGC segment includes shareholder assets invested in direct investments primarily in the areas of specialist commercial real estate, clean energy, housing, and SME finance, as well as traded and treasury assets. The LGIM segment offers institutional and retail investment management. The Retail Retirement segment provides retail annuity and drawdown products, workplace savings, and lifetime mortgage loans. The Insurance segment focuses on the United Kingdom protection and Fintech business, as well as the United States retail protection business. The company was founded on September 19, 1836 and is headquartered in London, the United Kingdom.

Aviva PLC

M&G PLC - Legal & General, M&G and Avia in the spotlight as Deutsche eyes growth for UK life Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys' amongst the UK's life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth. The German bank meanwhile rates Aviva PLC (LSE:AV.) and Phoenix Group Holdings PLC (LSE:PHNX) as ‘hold'.

Legal & General, M&G and Aviva in the spotlight as Deutsche eyes growth for UK life

AstraZeneca

BAE Systems PLC

British American Tobacco

Diageo

National Grid

RELX

Smith & Nephew

Unilever

The list ranks stocks based on their market cap and dividend yield alone. What I am looking for is quality dividend stocks with long track records of progressive dividend growth, and while dividend yield is still important, it's a secondary consideration.

U.K. Top 40 Quality Dividend Stocks: Q2 2024

Legal & General's new chief executive Antonio Simoes is likely to emphasise the insurer's retail and asset management arms at a scheduled Capital Markets Day on 12 June, predict analysts at UBS.  “We expect management organically to reduce dependence on L&G's capital-intensive pension risk transfer (PRT) business by emphasising the company's retail (particularly wealth) and asset management (particularly private assets) capabilities.

Legal & General retail arm central to future plans, UBS suggests

Legal and General reported resilient FY 2023 results in a difficult operating environment, and raised its dividend by 5%. New business sales were at record levels, with tailwinds to drive further growth. The new CEO, Antonio Simoes, hinted at potential strategy changes during the earnings call.

Legal & General Group: 2023 On Track, New CEO Keeps His Cards Close, Rating Maintained

Korn/Ferry Int.

Shin-Etsu Chemical Co Ltd

KFY, SHECY and LGGNY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 27, 2023.

Best Momentum Stocks to Buy for March 27th

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- #digitalsales--Legal & General America in tandem with Hexure launches life e-tickets to deliver a simplified quote to apply experience.

Legal & General America Launches Life e-Tickets with Hexure for a Simplified, Accelerated Quote to Apply Experience

Gladstone Commercial

Reynolds Consumer Products

GOOD, LGGNY and REYN made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 22, 2024.

Best Income Stocks to Buy for March 22nd

British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.

Exclusive: UK's Legal & General shelves China business license plan, cuts headcount, sources say

Guaranty Bancshares

Southside Bancshares

SBSI, LGGNY and GNTY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 20, 2024.

Best Income Stocks to Buy for March 20th

FTSE 100 insurance firm Legal & General Group PLC (LSE:LGEN) is said to be mulling the sale of its housebuilding subsidiary Cala Group. According to a Sky News report, Cala Group, which comprises Cala Homes and sister company Legal & General Homes, could fetch £750 million for L&G.

L&G reportedly mulling sale of Cala housebuilding subsidiary

JP Morgan has upgraded its price target for Legal & General Group PLC (LSE:LGEN) to 330p from 305p, reflecting its positive assessment of the insurer's future performance. It has done so ahead of a capital markets event, set to unveil new CEO António Simões' strategy and to spotlight a simplified business approach, growth opportunities, and key financial metrics and targets, including L&G's new capital management policy.

Legal & General share price upgraded as investment bank becomes more bullish on buyback

Legal & General Group Plc (OTCPK:LGGNY) Q4 2023 Earnings Conference Call March 6, 2024 5:00 AM ET Company Participants Antonio Simoes - Chief Executive Officer Jeff Davies - Chief Financial Officer Michelle Scrimgeour - Chief Executive Officer, Legal & General Investment Management Andrew Kail - Chief Executive Officer, Legal & General Institutional Retirement Bernie Hickman - Chief Executive Officer, Legal & General Retail Laura Mason - Chief Executive Officer, Legal & General Capital Conference Call Participants Dominic O'Mahony - BNP Paribas Exane Abid Hussain - Panmure Gordon Mandeep Jagpal - RBC Capital Markets Andrew Crean - Autonomous Farooq Hanif - JPMorgan Andy Sinclair - Bank of America Larissa Van Deventer - Barclays Rhea Shah - Deutsche Bank Andrew Baker - Citi Nasib Ahmed - UBS Thomas Bateman - Berenberg William Hawkins - KBW Antonio Simoes Good morning and welcome to our 2023 Results Presentation. It's a pleasure to be here as the Chief Executive of Legal & General.

Legal & General Group Plc (LGGNY) Q4 2023 Earnings Call Transcript

Legal & General is an attractive investment with a high yield and sustainable and growing dividends. Its main business is pension risk transfers with the record-beating transaction volume. The risk of a dwindling supply of PRT deals appears overblown.

Legal & General: 8.5% Yield With Growing And Sustainable Dividend

Insurance firm Legal & General Group PLC (LSE:LGEN)'s annual results narrowly missed the mark, according to analysts at Jefferies. L&G's financial results for fiscal year 2023 unveiled an operating profit of £1,67 billion, which fell short of the consensus estimate by approximately 5%.

L&G results missed the mark, reckons Jefferies

Legal & General was the biggest faller on the FTSE 100 after it posted full-year operating results below consensus, but said it was on track to meet its midterm goals.

Legal & General Falls on Profit Miss

Insurance big cap Legal & General Group PLC (LSE:LGEN) increased pension-based operating profits by 10% in 2023 to generate £886 million in a year that saw record appetite for de-risking among legacy pension providers. Some £50 billion in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers.

L&G delivers bumper retirement profits, hits dividend target

SATO Corporation Press release 28 February 2024 at 12:50 pm    SATO Corporation has signed a EUR 150 million secured loan facility with LGIM. The facility has a tenor of 12 years and has sustainability linked features which provides a margin reduction to SATO upon achieving certain sustainability performance measures.

SATO Corporation has signed a EUR 150 million 12 year secured sustainability linked term loan facility with Legal & General Investment Management's dedicated UK and European Real Estate Debt division

Enel SpA

KION Group AG

Legal & General has seen a 25% increase in value since October, but its current valuation may be an overreaction and it may be time to consider rotating investments. KION has experienced a significant surge in pricing, with a 32% increase since November, and its potential for growth justifies holding onto the investment.

Revisiting 3 Successful Investments And Their Targets

Legal & General stock has done okay since prior coverage in May, slightly outperforming broader European financials amid a good run for equities in general. There are good reasons to remain bullish ahead of full-year results, with the macro environment looking supportive of earnings and credit risk appearing to moderate. The valuation remains attractive, too, with a 7.7% dividend yield not reflecting sound medium-term growth potential.

Legal & General: 3 Reasons I Remain Bullish Ahead Of 2023 Results

American Financial Group

American Financial Group Inc 6 1/4 % Debentures 2014-30.9.54 Subord

Apollo Global Management

Cigna

F&G Annuities & Life Inc

Fidelity National Financial

Progressive

UnitedHealth Group

Trisura, Progressive, Cigna, UnitedHealth, Fidelity National, American Financial Group, Legal & General, and F&G Annuities & Life are highlighted as promising insurance picks with unique qualities.

My Top Insurance Picks In Early 2024

Even though Legal & General Group PLC (LSE:LGEN) shares rose over 10% in the final few weeks of last year, Deutsche Bank said “we believe there is plenty more to go”. The bank upped its share price target to 295p to 305p, having upgraded its rating on the life insurer to a 'buy' in late November.

Legal & General shares have 'long way to go' as new CEO refreshes returns strategy - analyst

STAMFORD, Conn.--(BUSINESS WIRE)--Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, announced today that it has reached the milestone of $10 billion in total written premium and over 100 deals since its 2015 inception, with roughly $5 billion secured in just the past three years. Year-to-date, LGRA has completed $1.7 billion in transactions securing the retirement for over 27,000 annuitants. LGRA's new business volume was primarily.

Legal & General Retirement America (LGRA) has Closed $10 Billion Since Inception

Legal & General has updated its pay policy to say it would back huge US-style bonuses being offered to asset managers this side of the Atlantic in a bid to attract talent. As first reported by the Sunday Times, the pension and insurance giant updated guidelines over the weekend to acknowledge “necessary flexibility” in attracting talent.

Legal & General backs huge US-style bonuses for London asset managers

Enterprise Products Partners

Enterprise Products is considered a golden standard for high-yield stocks, but British Legal & General may be a better choice for many. Both companies offer a high yield, secure distribution coverage, strong balance sheets, and probable dividend growth of 5% in 2024. LGEN's yield and stock appreciation potential are higher but the tax-deferred status of EPD distributions makes it preferable for high-bracket US taxpayers.

Enterprise Products Vs. Legal & General - Which Of The 2 Superior Yield Stocks To Choose

Against a background of record bulk pensions transfer deals, analysts at Barclays see Legal & General Group PLC (LSE:LGEN) as well positioned to continue growing and potentially increase share buybacks.  The FTSE 100 life insurer in the past fortnight announced record sales in the US of US$160 million and the biggest bulk annuity deal in its history.

News for Legal & General Group PLC Stock (LGGNY)