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Legal & General (LGEN)     

skinny - 19 Jan 2015 12:03

Link to old thread

lg-logo.gif




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)

Stan - 13 Oct 2015 16:47 - 45 of 115

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

Stan - 04 Nov 2015 08:19 - 46 of 115

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

Stan - 26 Nov 2015 10:20 - 47 of 115

Quantum Pharma Plc go below 3%.

skinny - 30 Nov 2015 17:03 - 48 of 115

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 -

Stan - 30 Nov 2015 17:14 - 49 of 115

"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.

Stan - 17 Dec 2015 17:53 - 50 of 115

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.

Stan - 11 Jan 2016 13:49 - 51 of 115

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

skinny - 11 Jan 2016 13:54 - 52 of 115

How dare they cut their TP!

Stan - 11 Jan 2016 13:56 - 53 of 115

Yeah.. the peasants -):

Stan - 15 Jan 2016 08:13 - 54 of 115

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

Stan - 16 Feb 2016 10:47 - 56 of 115

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

skinny - 17 Feb 2016 14:56 - 57 of 115

The best of the insurers today @+6.7%.

Barclays Capital Overweight 224.70 298.00 298.00 Reiterates

Stan - 17 Feb 2016 16:38 - 58 of 115

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

skinny - 17 Feb 2016 16:49 - 59 of 115

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

Stan - 17 Feb 2016 16:55 - 60 of 115

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

skinny - 17 Feb 2016 17:02 - 61 of 115

Agreed Stan.

skinny - 15 Mar 2016 07:05 - 62 of 115

L&G Full Year Results 2015 Part 1

NET CASH UP 14%, ROE1 17.7%, DIVIDENDS UP 19%

FINANCIAL HIGHLIGHTS:

· NET CASH GENERATION UP 14% TO £1,256M (2014: £1,104M)
· OPERATING PROFIT UP 14% TO £1,455M (2014: £1,275M)
· PROFIT AFTER TAX UP 10% TO £1,094M (2014: £992M)
· ADJUSTED EARNINGS PER SHARE2 UP 11% TO 18.58P (2014: 16.70P)
· FULL YEAR DIVIDEND UP 19% TO 13.40P PER SHARE (2014: 11.25P)
· SOLVENCY II SURPLUS3 OF £5.5BN: COVERAGE RATIO OF 169%
· ECONOMIC CAPITAL SURPLUS OF £7.6BN: COVERAGE RATIO OF 230%

BUSINESS HIGHLIGHTS:

· LGIM AUM UP 8% TO £746.1BN (2014: £693.7BN)
· LGIM EXTERNAL AUM NET FLOWS OF £37.7BN (2014: £7.5BN)
· LGR NEW BUSINESS OF £2.9BN (2014: £6.6BN)
· GROUP-WIDE DIRECT INVESTMENTS UP 22% TO £7.0BN (2014: £5.7BN)
· UK RETAIL PROTECTION PREMIUMS UP 5% TO £1,112M (2014: £1,056M)
· LGA PREMIUMS UP 6% TO $1,183M (2014: $1,117M)

skinny - 15 Mar 2016 09:09 - 63 of 115

Panmure Gordon Buy 232.45 305.00 305.00 Reiterates

skinny - 22 Mar 2016 09:02 - 64 of 115

JP Morgan Cazenove Underweight 236.20 206.00 216.00 Reiterates
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