Legal & General Group (LON:LGEN) Board Announces Share Repurchase Program

Legal & General Group (LON:LGEN) declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Legal & General Group Price Performance

LON LGEN opened at GBX 241 on Thursday. The company has a market cap of £13.57 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.34 and a beta of 0.81. The stock’s fifty day moving average price is GBX 264.88 and its 200 day moving average price is GBX 250.66. Legal & General Group has a 1 year low of GBX 206.80 and a 1 year high of GBX 279.50.

Legal & General Group (LON:LGEN) last posted its quarterly earnings results on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a return on equity of 3.89% and a net margin of 1.49%. Research analysts expect that Legal & General Group will post 24.2376446 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price target on Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 258.40.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Laura Wade-Gery acquired 938 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of GBX 267 per share, for a total transaction of £2,504.46. Also, insider Mark Jordy acquired 986 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of GBX 267 per share, for a total transaction of £2,632.62. Insiders have bought 10,428 shares of company stock worth $2,757,069 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Legal & General Group News Summary

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Record share buyback bolsters capital return prospects and signals confidence from management. Legal & General launches record buyback
• Positive Sentiment: Some analyst/commentary pieces argue the profit improvement plus buybacks create a longer‑term case for patient investors. Profit Surge and Buybacks Build Case
• Neutral Sentiment: Quarterly results detail: GBX 831 EPS, ROE ~3.9%, net margin ~1.5% — useful for modeling near‑term earnings power but not yet a turnaround. Earnings release and slide deck
• Neutral Sentiment: Sector context: UK life insurers face margin pressure and credit‑exposure scrutiny, which increases investor sensitivity to capital and solvency metrics. UK life insurers face margin pressure
• Negative Sentiment: Company marginally missed annual profit estimates and reported a lower solvency ratio (~210%), which directly pressured the share price given investors’ focus on capital strength. Reuters: L&G misses estimates, lower solvency
• Negative Sentiment: Immediate market reaction was a sharp sell‑off (reports of a ~6% intraday drop) and unusually high volume, amplifying downside as investors reprice near‑term capital/earnings risk. Blockonomi: Stock plunges despite buyback

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.