Free Trial
OTCMKTS:LGGNY

Legal & General Group (LGGNY) Stock Price, News & Analysis

$16.16
-0.31 (-1.88%)
(As of 06/7/2024 ET)
Today's Range
$16.08
$16.38
50-Day Range
$14.90
$16.47
52-Week Range
$12.38
$16.74
Volume
42,550 shs
Average Volume
46,513 shs
Market Capitalization
$19.33 billion
P/E Ratio
N/A
Dividend Yield
10.89%
Price Target
N/A

Legal & General Group MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.01% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
9.62%
From $1.56 to $1.71 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.54 out of 5 stars

LGGNY stock logo

About Legal & General Group Stock (OTCMKTS:LGGNY)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets. The LGC segment provides investment strategy and implementation, and direct investment and structuring services. The Retail segment offers protection products, such as health, disability, critical illness, and accident; individual term assurance; reinsurance; savings and death benefits; annuities; lifetime mortgages; lifetime care plans; retirement interest only mortgages; and workplace savings scheme that provides corporate pension scheme solutions. It is also involved in the unit trust and institutional fund management, mortgage finance, treasury, building project and modular housing development, general insurance, and open-ended investment businesses. In addition, the company engages in the investment, operation, management, trading, and letting and operation of leased real estate; and construction of commercial buildings, financial intermediation, pension tracing and transfer, insurance agents and brokers, fund general partner, commercial lending, venture capital investing, contractual scheme, investor alternative investment fund, collective asset-management, and investment management activities; and provision of investment advisory, business information consultancy, and technology services. Legal & General Group Plc was founded in 1836 and is headquartered in London, the United Kingdom.

LGGNY Stock Price History

LGGNY Stock News Headlines

Legal & General Group PLC's Dividend Analysis
15 Best Mortgage Insurance Companies Heading into 2024
Boots offloads £4.8bn pension scheme to Legal & General
Huge ethnicity pension gap revealed in UK figures
Legal & General Group Plc (OTC: LGGNY)
See More Headlines
Receive LGGNY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Legal & General Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 6/13 Dividend
4/25/2024
Today
6/08/2024
Dividend Payable
6/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Current Symbol
OTCMKTS:LGGNY
CIK
N/A
Employees
11,956
Year Founded
1836

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$11.97 billion
Cash Flow
$0.47 per share
Book Value
$4.98 per share

Miscellaneous

Outstanding Shares
1,195,950,000
Free Float
N/A
Market Cap
$19.33 billion
Optionable
Not Optionable
Beta
1.49

Social Links

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

  • Mr. Stuart Jeffrey Davies (Age 53)
    Group CFO & Executive Director
    Comp: $1.61M
  • Mr. Antonio Pedro Dos Santos Simoes (Age 49)
    Group CEO & Director
  • Mr. Edward Luke Houghton
    Head Investor Relations
  • Mr. Geoffrey J. Timms
    Group General Counsel & Company Secretary
  • Paula Llewellyn
    Chief Marketing Officer & Direct MD
  • Ms. Emma Hardaker-Jones
    Chief Transformation & People Officer
  • Mr. Robert James Barnard-Smith
    Head of UK Credit - LGIM
  • Mr. Craig Brown
    Chief Executive of Legal & General Home Finance
  • Ms. Debbie Matthews
    Head of LGIM Product Development - Chief Operations Office
  • Mr. Andrew David Fairhurst
    Head of Secretariat

Should I Buy Legal & General Group Stock? LGGNY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Legal & General Group Plc:

  • Legal & General Group Plc has shown consistent dividend growth over the years, providing investors with a reliable income stream. This stability can be attractive to income-focused investors looking for steady returns.
  • The company's strong financial position and solid credit ratings indicate a lower risk of default, offering investors a sense of security in their investment.
  • Legal & General Group Plc's diversified business model across insurance, investment management, and retirement solutions can help mitigate risks associated with fluctuations in specific sectors, providing investors with exposure to various revenue streams.
  • Recent positive earnings reports and growth projections have contributed to an increase in investor confidence, potentially leading to capital appreciation in the stock price.
  • Legal & General Group Plc's current stock price is trading at an attractive valuation compared to its industry peers, presenting a potential buying opportunity for value investors seeking undervalued stocks.

Cons

Investors should be bearish about investing in Legal & General Group Plc for these reasons:

  • Legal & General Group Plc's exposure to economic downturns and market volatility may impact its financial performance, leading to potential fluctuations in stock price and dividend payouts.
  • The company's heavy reliance on interest rates and investment returns for revenue generation exposes it to risks associated with changes in economic conditions, such as interest rate fluctuations and market uncertainties.
  • Legal & General Group Plc faces regulatory challenges and compliance requirements in the financial services industry, which could result in increased operational costs and regulatory fines, affecting profitability.
  • Competitive pressures within the insurance and investment management sectors may limit Legal & General Group Plc's market share growth and profitability, posing challenges for sustained revenue expansion.
  • Uncertainties surrounding global economic conditions, geopolitical events, and regulatory changes could introduce additional risks to Legal & General Group Plc's operations and financial performance, impacting investor confidence.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Legal & General Group pros and cons to contact@marketbeat.com.

LGGNY Stock Analysis - Frequently Asked Questions

Should I buy or sell Legal & General Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Legal & General Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LGGNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LGGNY, but not buy additional shares or sell existing shares.
View LGGNY analyst ratings
or view top-rated stocks.

How have LGGNY shares performed in 2024?

Legal & General Group's stock was trading at $16.36 on January 1st, 2024. Since then, LGGNY shares have decreased by 1.2% and is now trading at $16.16.
View the best growth stocks for 2024 here
.

Are investors shorting Legal & General Group?

Legal & General Group saw a decline in short interest in May. As of May 15th, there was short interest totaling 100,000 shares, a decline of 53.3% from the April 30th total of 214,300 shares. Based on an average daily trading volume, of 101,700 shares, the short-interest ratio is currently 1.0 days.
View Legal & General Group's Short Interest
.

How often does Legal & General Group pay dividends? What is the dividend yield for Legal & General Group?

Legal & General Group announced a dividend on Tuesday, March 26th. Investors of record on Friday, April 26th will be given a dividend of $0.8805 per share on Thursday, June 13th. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from the stock's previous dividend of $0.34.
Read our dividend analysis for LGGNY
.

Is Legal & General Group a good dividend stock?

Legal & General Group (OTCMKTS:LGGNY) pays an annual dividend of $1.76 per share and currently has a dividend yield of 10.69%. LGGNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LGGNY.

How do I buy shares of Legal & General Group?

Shares of LGGNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:LGGNY) was last updated on 6/8/2024 by MarketBeat.com Staff

From Our Partners