Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

226.10p
   
  • Change Today:
    -2.40p
  • 52 Week High: 318.40
  • 52 Week Low: 138.60
  • Currency: UK Pounds
  • Shares Issued: 5,967m
  • Volume: 9,716,576
  • Market Cap: £13,491m
  • RiskGrade: 246

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 226.10p
Change Today -2.40p
% Change -1.05 %
52 Week High 318.40
52 Week Low 138.60
Volume 9,716,576
Shares Issued 5,967m
Market Cap £13,491m
RiskGrade 246

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.71% above the market average64.71% above the market average64.71% above the market average64.71% above the market average64.71% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
12.82% below the market average12.82% below the market average12.82% below the market average12.82% below the market average12.82% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
96.71% above the market average96.71% above the market average96.71% above the market average96.71% above the market average96.71% 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
33.55% above the market average33.55% above the market average33.55% above the market average33.55% above the market average33.55% 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

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 5
Sell 1
Strong Sell 3
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
  Interim Final
Ex-Div 13-Aug-20 23-Apr-20
Paid 24-Sep-20 04-Jun-20
Amount 4.93p 12.64p

Trades for 14-Aug-2020

Time Volume / Share Price
16:35 3,988,672 @ 226.10p
16:29 89 @ 225.30p
16:29 1,932 @ 225.40p
16:29 914 @ 225.40p
16:29 30 @ 225.40p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

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