Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

305.30p
   
  • Change Today:
      17.80p
  • 52 Week High: 324.70
  • 52 Week Low: 216.70
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 38,213,634
  • Market Cap: £18,212m
  • RiskGrade: 152
  • Beta: 1.40

Legal & General agrees ?35m buyout of Edwards Wildman pension scheme

By Michele Maatouk

Date: Wednesday 11 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Legal & General said on Wednesday that it has agreed to buy out US law firm Edwards Wildman Palmer's UK pension scheme for around £35m.
The scheme was an existing Legal & General Group client through its partnership with Legal & General Investment Management's (LGIM) fiduciary management team.

Julian Hobday, director, Pension Risk Transfer, Legal & General Retirement Institutional, said: "This transaction is an example of our teams working seamlessly together to ensure that our customers can easily benefit from the full range of services we offer.

"Combining our buyout and fiduciary management propositions enabled us to leverage the breadth of Legal & General's capabilities to achieve the Trustees' objectives and smoothly transition to buyout. We are glad that the Trustees have decided to secure a buyout with us and we look forward to continuing to work with them."

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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 305.30p
Change Today 17.80p
% Change 6.19 %
52 Week High 324.70
52 Week Low 216.70
Volume 38,213,634
Shares Issued 5,965m
Market Cap £18,212m
Beta 1.40
RiskGrade 152

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.01% above the market average94.01% above the market average94.01% above the market average94.01% above the market average94.01% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
72.53% above the market average72.53% above the market average72.53% above the market average72.53% above the market average72.53% 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
88.39% above the market average88.39% above the market average88.39% above the market average88.39% above the market average88.39% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
60.72% above the market average60.72% above the market average60.72% above the market average60.72% above the market average60.72% 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 5
Sell 0
Strong Sell 2
Total 13
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 13-Dec-2019

Time Volume / Share Price
17:09 13,234 @ 301.97p
16:35 6,407,956 @ 305.30p
16:29 170 @ 304.70p
16:29 1,468 @ 304.70p
16:29 4,537 @ 304.80p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

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