Link to old thread

Key facts

Legal & General is a leading UK-based financial services business, with over 10 million customers across the world.
We deliver financial solutions and services that help people to plan for their future. Our businesses help people achieve financial security by building retirement income, protecting their homes and families and enabling them to save for the future. We aim to be socially and economically useful in society, working closely with government, industry bodies and charities to help people have good housing, live healthy lives and enjoy good levels of income in retirement.

This is our social purpose: we understand people’s financial needs, pool risk and help society by reducing the pressure on public finances.

Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

Legal & General's Fundamentals (LGEN)

Feb 24: Canaccord Genuity: Hold - TP: 240p

New high again @279.50p

Preliminary Results on 4 Mar 2015.

Q1 2015 Interim Management Statement on 6 May 2015.

L&G invests in UK private rental market

Interesting.

L&G FY 2014 Results Part 1

LEGAL & GENERAL GROUP PLC PRELIMINARY RESULTS 2014


DIVIDENDS UP 21%, ROE UP TO 17%

FINANCIAL HIGHLIGHTS:
· NET CASH GENERATION UP 10% TO £1,104M (2013: £1,002M)
· OPERATIONAL CASH GENERATION UP 6% TO £1,101M (2013: £1,042M)
· OPERATING PROFIT UP 10% TO £1,275M (2013: £1,158M)
· PROFIT AFTER TAX UP 9% TO £992M (2013: £906M)
· EARNINGS PER SHARE UP 10% TO 16.70P (2013: 15.20P)
· RETURN ON EQUITY 16.9% (2013: 16.1%)
· FULL YEAR DIVIDEND UP 21% TO 11.25P PER SHARE (2013: 9.30p)

BUSINESS HIGHLIGHTS:
· ANNUITY ASSETS UP 28% TO £44.2BN (2013: £34.4BN)
· LGIM TOTAL ASSETS UP 16% TO £708.5BN (2013: £611.6BN)
· UK PROTECTION PREMIUM UP 6% TO £1,407M (2013: £1,326M)
· SAVINGS ASSETS UP 10% TO £124.2BN (2013: £113.4BN)
· DIRECT INVESTMENTS UP TO £5.7BN (2013: £2.9BN)


Nigel Wilson, Group Chief Executive, said:

"Legal & General delivers economically and socially useful products. Our market leading growth businesses coupled with continuous cost reductions have given us scale and efficiency in our chosen markets. The five global macro trends driving our strategy - ageing populations, globalisation of asset markets, welfare reform, digital connectivity and bank retrenchment - create long term growth opportunities, which we position our businesses to capture. The rapid growth of LGIM's international business to over £100bn, the £5bn of investment in physical assets in the UK, and our entrance into the lifetime mortgage market are all examples of the successful execution of our strategy.

Over the last five years we have increased dividend per share from 3.84p to 11.25p - a nearly threefold increase. In 2014 we produced another year of double digit growth across our key financial metrics enabling us to reward shareholders with a 21% rise in the dividend."

Stuck my neck out and bought a few on the drop!

Ticking up to another high @283.70p

Very pleasing this share :-) Done OK with pru also and looking for good results Tues.

Mar 10: Morgan Stanley: Equal Weight - TP 272p (Old TP: 244p)

New high touched @290.30p

Ah, Deutsche can relax!

March 17: JP Morgan Cazenove reiterates Underweight but ups TP from 212p to 220p.

Mar 19: Societe Generale: Sell - TP: 185p

Momentum shares

Disturbing story

Mar 24: Canaccord: Hold - TP: 290p

Jefferies International Buy 284.10 284.10 282.00 323.00 Reiterates

L&G paid CEO £4.2m last year

anyone in the know why sp down by 3%+ today?

Beacause it's gone ex-dividend today.

think i'll put a plastic bag over my head so nobody recognizes me......