Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

220.10p
   
  • Change Today:
    -0.20p
  • 52 Week High: 318.40
  • 52 Week Low: 138.60
  • Currency: UK Pounds
  • Shares Issued: 5,967m
  • Volume: 12,727,273
  • Market Cap: £13,133m
  • RiskGrade: 262

Direct Line said to be considering £400m bid for L&G division

By Abigail Townsend

Date: Wednesday 19 Dec 2018

LONDON (ShareCast) - (Sharecast News) - FTSE 100 insurer Direct Line Insurance Group is said to be mulling a £400m move on Legal & General's general insurance arm.


Direct Line, which specialises in car and home insurance and also owns the Green Flag brand, is said to have signalled an interest in the buying the arm, according to reports.

Neither insurer has commented on the claims. However, Sky News said that Direct Line's interest was at an early stage and that a number of other insurance and investment firms were considering a possible bid.

Life insurer Legal & General has not officially put the home and contents cover division up for sale but it is understood that chief executive Nigel Wilson views it as non-core, according to Sky.

Last month, Direct Line reported a drop in premium income and policies in the third quarter, which it blamed on a competitive market.

In August, Legal & General posted above-forecast operating profits of £1.06bn for its insurance and asset management arm, but blamed volatile global financial markets for a weakened investment performance.

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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 220.10p
Change Today -0.20p
% Change -0.09 %
52 Week High 318.40
52 Week Low 138.60
Volume 12,727,273
Shares Issued 5,967m
Market Cap £13,133m
RiskGrade 262

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.75% above the market average65.75% above the market average65.75% above the market average65.75% above the market average65.75% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
15.57% below the market average15.57% below the market average15.57% below the market average15.57% below the market average15.57% 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
96.92% above the market average96.92% above the market average96.92% above the market average96.92% above the market average96.92% 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
32.99% above the market average32.99% above the market average32.99% above the market average32.99% above the market average32.99% 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 7
Buy 0
Neutral 5
Sell 1
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 04-Aug-2020

Time Volume / Share Price
16:40 1,200,000 @ 220.52p
16:36 4,279 @ 220.10p
16:36 3,221 @ 220.10p
16:35 9,203 @ 220.10p
16:35 15,946 @ 220.10p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

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