Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

274.30p
   
  • Change Today:
      2.30p
  • 52 Week High: 291.20p
  • 52 Week Low: 216.70p
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 3,301,207
  • Market Cap: £16,362m
  • RiskGrade: 141
  • Beta: 1.28

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 274.30p
Change Today 2.30p
% Change 0.85 %
52 Week High 291.20p
52 Week Low 216.70p
Volume 3,301,207
Shares Issued 5,965m
Market Cap £16,362m
Beta 1.28
RiskGrade 141

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.82% above the market average93.82% above the market average93.82% above the market average93.82% above the market average93.82% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
43.46% above the market average43.46% above the market average43.46% above the market average43.46% above the market average43.46% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
90.69% above the market average90.69% above the market average90.69% above the market average90.69% above the market average90.69% above 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
Growth
57.82% above the market average57.82% above the market average57.82% above the market average57.82% above the market average57.82% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 6
Sell 0
Strong Sell 2
Total 15
buy
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
  Interim Final
Ex-Div 15-Aug-19 25-Apr-19
Paid 26-Sep-19 06-Jun-19
Amount 4.93p 11.82p

Trades for 12-Nov-2019

Time Volume / Share Price
14:13 2,076 @ 274.30p
14:13 1,500 @ 274.30p
14:13 626 @ 274.30p
14:12 1,498 @ 274.30p
14:12 9,069 @ 274.30p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

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