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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)

Berenberg Buy 270.70 270.70 290.00 310.00 Reiterates

Jefferies International Buy 250.00 245.40 288.00 301.00 Reiterates

StockMarketWire.com
Legal & General America has entered into an agreement with the US subsidiary of Royal Philips to provide retirement payments under a group annuity contract to approximately 14,000 of Philips' US retirees and other former employees, which will reduce the firm's pension obligations upon the closing of the contract in early December.

The transfer by Philips of approximately $900 million of current retiree pension obligations is being split between Legal & General America and The Prudential Insurance Company of America, with each insurer providing 50% of the total monthly benefits to Philips' retirees.

Furthermore, American United Life Insurance Company, a OneAmerica company, will be issuing annuities to plan participants who had not yet retired by May 2015, bringing the total transaction between the three insurance companies to $1.1bn and covering a total of 17,000 plan participants.

Nigel Wilson, Group CEO, Legal & General said: "We are very pleased to have signed an agreement with Philips for our first US pension group annuity contract. The US is a key market for Legal & General. We have a successful US life assurance business, are rapidly growing our investment management business, and have now entered the US pension risk transfer market. We are a leader in these markets in the UK, and plan to be a major participant in them in the US."

Interesting move by LG, does anyone know of previous track records of UK insurance outfits venturing into the States? As retail ventures have proven lousy in the past I remember.. Tesco comes to mind.

Quintain Estates and Development Plc sell 15,933,832 shares in L&G.

Profits up http://www.moneyam.com/action/news/showArticle?id=5145866

Quantum Pharma Plc go below 3%.

LEGAL & GENERAL COMPLETES SALE OF EGYPTIAN LIFE INSURANCE JOINT VENTURE TO AXA

As previously announced on the 13 July 2015, Legal & General Group plc ("Legal & General") and Commercial International Bank SAE (CIB) have today jointly announced the completion of the sale of Commercial International Life Insurance Company SAE (CIL) to AXA. Our proceeds from the sale are $54m USD.

Legal & General is disposing of non-core businesses, and focusing on core activities where we believe we can achieve significant scale and attractive returns on capital. We are in the process of disposing of Legal & General France, and have disposed of Legal & General Ireland.
- ENDS -

"Legal & General is disposing of non-core businesses, and focusing on core activities where we believe we can achieve significant scale and attractive returns on capital."

I do hope that doesn't mean putting more eggs into much fewer baskets, no they know better then that..don't they.

Broker Forecast - Barclays Capital issues a broker note on Legal & General Group PLC

BFN

Barclays Capital today reaffirms its overweight investment rating on Legal & General Group PLC (LON:LGEN) and raised its price target to 302p (from 294p).

Story provided by StockMarketWire.com

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For what it's worth.

A buy recky.. for what it's worth http://www.moneyam.com/action/news/showArticle?id=5190594

How dare they cut their TP!

Yeah.. the peasants -):

What a good decision IMHO http://www.moneyam.com/action/news/showArticle?id=5193694

Mark Gregory announces his intention to retire from Legal & General

Broker Forecast - Berenberg issues a broker note on Legal & General Group PLC

Berenberg today reaffirms its under review investment rating on Legal & General Group PLC (LON:LGEN) and cut its price target to 276p (from 310p).

Story provided by StockMarketWire.com

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So what the yearly high is 296p

The best of the insurers today @+6.7%.

Barclays Capital Overweight 224.70 298.00 298.00 Reiterates

Yes Skinny LG have been very good to me today.. get the "strength of the Insurance companies around you" -):

Stan - I paid just under a quid for these so the recent fall has been painful - but still up 125% plus dividends :-)

Yes them and the Grid are probably two of the best outfits to invest and trade in.