Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

270.80p
   
  • Change Today:
    -8.50p
  • 52 Week High: 296.40
  • 52 Week Low: 178.00
  • Currency: UK Pounds
  • Shares Issued: 5,968m
  • Volume: 17,529,908
  • Market Cap: £16,160m
  • RiskGrade: 166

Legal & General sells general insurance arm to Allianz for ?242m

By Frank Prenesti

Date: Friday 31 May 2019

LONDON (ShareCast) - (Sharecast News) - Legal & General said it was selling its general insurance business to Allianz for a minimum £242m.
The business comprises principally retail customers who hold household insurance policies. In 2018 gross written premiums were £410m and operating profit was nil, Legal & General said in a statement.

It added that further potential payments could be made over a three year period from "ongoing commercial arrangements".

The deal was expected to complete in the second half of 2019 and is the latest in a disposals programme across the group's non-core businesses which have generated more than £1.5bn.

The group's solvency II ratio was expected to increase by around 2% after the deal, with the proceeds reinvested in its core businesses.

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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 270.80p
Change Today -8.50p
% Change -3.04 %
52 Week High 296.40
52 Week Low 178.00
Volume 17,529,908
Shares Issued 5,968m
Market Cap £16,160m
RiskGrade 166

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
14.13% below the market average14.13% below the market average14.13% below the market average14.13% below the market average14.13% below 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
Income
96.09% above the market average96.09% above the market average96.09% above the market average96.09% above the market average96.09% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
45.88% below the market average45.88% below the market average45.88% below the market average45.88% below the market average45.88% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 4
Sell 1
Strong Sell 2
Total 17
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 15-Apr-21 13-Aug-20
Paid 27-May-21 24-Sep-20
Amount 12.64p 4.93p

Trades for 18-Jun-2021

Time Volume / Share Price
16:36 42,399 @ 270.80p
16:36 39,453 @ 270.80p
16:35 10,654,353 @ 270.80p
16:29 738 @ 271.00p
16:29 25 @ 271.00p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies

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