Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

186.30p
   
  • Change Today:
      26.60p
  • 52 Week High: 318.40
  • 52 Week Low: 138.60
  • Currency: UK Pounds
  • Shares Issued: 5,966m
  • Volume: 26,105,150
  • Market Cap: £11,114m
  • RiskGrade: 536

Sector movers: Sinking tide drags down all ships

By Oliver Haill

Date: Friday 07 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Every single sector was in the red on Thursday as the FTSE 100 and 250 indices finished around two-year lows amid a general market sell-off sparked by renewed worries about US-China trade relations.
Oil producers and services providers to the industry were among the biggest fallers, sending investors into safer havens as oil prices jagged lower after a summit of the Opec oil producer's cartel ended the day without any firm decision.

Brent crude and West Texas Intermediate were down more than 4% during the afternoon, easing off slightly to $59.50 and $51.12 a barrel respectively after Saudi Arabia's energy minister dashed hopes of any steep production cuts at the OPEC meeting in Vienna.

Khalid Al-Falih told reporters that no agreement had been reached yet on a production cut and suggested that reducing output by one million barrels a day would be sufficient.

"OPEC seems to be joining in the 'no deal' fun, with only an agreement 'in principle' to cut output," said market analyst Chris Beachamp at IG. "While oil is off the lows of the day, it is not likely to hold these lows for long if oil ministers don't agree a sizeable cut. We wait until tomorrow for further news."

Life insurers were hit as bond yields fell, which curtails the companies income streams. Life companies use returns from bond yields to pay the liabilities that come due. Aviva and Legal & General were both down more than 4%, Asia focused Prudential was down more than 6%.

The FTSE 350 Gas Water & Multiutilities index was pretty much flat, followed by tobacco - both seen as defensive sectors where investors flock during risk-off moments.

"All these are considered to be defensive stocks, offering goods and services people would buy regardless of economic conditions," said Russ Mould, investment director at AJ Bell.



Top performing sectors so far today

Gas; Water & Multiutilities -0.6%
Tobacco -1.48
Real Estate Investment & Services -1.50
Mobile Telecommunications -1.67
Real Estate Investment Trusts -1.70

Bottom performing sectors so far today

Technology Hardware & Equipment -7.64%
Forestry & Paper -5.61%
Life Insurance -5.57%
Oil & Gas Producers -4.53%
Oil Equipment, Services & Distribution -4.40%

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Legal and General Market Data

Currency UK Pounds
Share Price 186.30p
Change Today 26.60p
% Change 16.66 %
52 Week High 318.40
52 Week Low 138.60
Volume 26,105,150
Shares Issued 5,966m
Market Cap £11,114m
RiskGrade 536

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.98% above the market average59.98% above the market average59.98% above the market average59.98% above the market average59.98% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
14.82% below the market average14.82% below the market average14.82% below the market average14.82% below the market average14.82% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
88.07% above the market average88.07% above the market average88.07% above the market average88.07% above the market average88.07% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
22.93% above the market average22.93% above the market average22.93% above the market average22.93% above the market average22.93% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 5
Sell 0
Strong Sell 4
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Legal and General Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 15-Aug-19
Paid 04-Jun-20 26-Sep-19
Amount 12.64p 4.93p

Trades for 06-Apr-2020

Time Volume / Share Price
16:37 264 @ 186.30p
16:35 5,529,925 @ 186.30p
16:29 874 @ 185.35p
16:29 316 @ 185.35p
16:29 3,276 @ 185.45p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

Top of Page