Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

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267.10p
   
  • Change Today:
    -1.50p
  • 52 Week High: 291.20
  • 52 Week Low: 223.70
  • Currency: UK Pounds
  • Shares Issued: 5,961m
  • Volume: 14,512,896
  • Market Cap: £15,922m
  • RiskGrade: 104

L&G agrees first Canadian pension risk transfer deal

By Frank Prenesti

Date: Wednesday 24 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Legal & General on Wednesday said it had entered its first Canadian pension risk transfer (PRT) deal worth more than CAD 200m (£114m).
The company said it had now written £2.5bn in international PRT since its first transaction in 2015, adding that its US business was "central" to its strategy, with $2.7bn in premiums across 45 transactions.

The Canadian PRT deal, involving an unnamed fund, is being written by Brookfield Annuity Co and Legal & General Reinsurance Co Ltd, who have agreed a strategic partnership.

Under the partnership, Legal & General Reinsurance will provide quota-share reinsurance for Canadian PRT transfers.

"The Canadian PRT market is an attractive and fast-growing market, which has more than doubled in size over the last five years to reach sales in 2018 of CAD $4.6bn," Legal & general said in a statement.

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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 267.10p
Change Today -1.50p
% Change -0.56 %
52 Week High 291.20
52 Week Low 223.70
Volume 14,512,896
Shares Issued 5,961m
Market Cap £15,922m
RiskGrade 104

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.92% above the market average93.92% above the market average93.92% above the market average93.92% above the market average93.92% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
61.70% above the market average61.70% above the market average61.70% above the market average61.70% above the market average61.70% 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
Income
87.86% above the market average87.86% above the market average87.86% above the market average87.86% above the market average87.86% 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
55.98% above the market average55.98% above the market average55.98% above the market average55.98% above the market average55.98% 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 8
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 14
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
  Final Interim
Ex-Div 25-Apr-19 16-Aug-18
Paid 06-Jun-19 27-Sep-18
Amount 11.82p 4.60p

Trades for 18-Jun-2019

Time Volume / Share Price
16:45 3,848,000 @ 268.40p
16:38 1 @ 267.10p
16:36 3,091 @ 267.10p
16:35 4,900,767 @ 267.10p
16:33 80,300 @ 267.28p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies

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