Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

246.70p
   
  • Change Today:
      2.60p
  • 52 Week High: 291.20p
  • 52 Week Low: 216.70p
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 13,123,663
  • Market Cap: £14,715m
  • RiskGrade: 132
  • Beta: 0.03

LGIM snaps up Columbia Threadneedle's European chief

By Duncan Ferris

Date: Monday 25 Feb 2019

LONDON (ShareCast) -

Scrimgeour will join LGIM from Columbia Threadneedle Investments, where she is currently chief executive with responsibility for the Europe, Middle East and Africa region, after having been chosen for the role through "a comprehensive, global search process".


She has nearly two decades of experience in the asset management industry after staring her career at Merrill Lynch Investment Managers before stints at BlackRock, M&G and Columbia Threadneedle.


Nigel Wilson, chief executive of Legal & General, said: "I am delighted Michelle is joining us to lead the next phase of LGIM's growth both with our existing UK clients and internationally. Her successes at Columbia Threadneedle, M&G and Blackrock clearly demonstrate that she combines a capacity for managing and growing a very substantial international asset management business with a strong focus on creating sustainable and scalable operations."


Wilson added that the new chief executive's "practical, collegiate and customer-focused" approach would further bolster the "unique culture" at LGIM.


Scrimgeour will succeed Mark Zinkula, who has been chief executive of LGIM since 2011 and last year announced his intention to retire from the company in August 2019, after working alongside him for a period in order to ensure a comprehensive handover.


Legal & General's shares were up 0.55% at 273.40p at 0820 GMT.

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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 246.70p
Change Today 2.60p
% Change 1.07 %
52 Week High 291.20p
52 Week Low 216.70p
Volume 13,123,663
Shares Issued 5,965m
Market Cap £14,715m
Beta 0.03
RiskGrade 132

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.34% above the market average94.34% above the market average94.34% above the market average94.34% above the market average94.34% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend Not Available
Income
92.76% above the market average92.76% above the market average92.76% above the market average92.76% above the market average92.76% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
57.27% above the market average57.27% above the market average57.27% above the market average57.27% above the market average57.27% 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 6
Buy 0
Neutral 6
Sell 0
Strong Sell 3
Total 15
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
  Interim Final
Ex-Div 15-Aug-19 25-Apr-19
Paid 26-Sep-19 06-Jun-19
Amount 4.93p 11.82p

Trades for 19-Sep-2019

Time Volume / Share Price
16:36 5,000 @ 246.70p
16:35 6,163,748 @ 246.70p
16:29 10 @ 247.50p
16:29 1,984 @ 247.50p
16:29 1,417 @ 247.50p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

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