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Legal & General Group

Current Price 209.40p Bid 149.00p Ask 303.00p Change -2.88%
Last Updated: 28/03/2020 17:12. Prices delayed by at least 15 minutes.
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Company Overview

Long established life insurance group and one of the pioneers of low cost tracker funds. The company has more than 5.4m customers and employs over 8,800 staff and owns operations in the US, France, the Netherlands and Germany as well as its main UK business.

Financial Highlights Year Ended 31/12/2019

Revenue
£15,203.00m
Operating Profit/Loss
£2,425.00m
Dividend yield (%)
5.80
Total dividend for year
17.5700p
Dividend cover
1.74
P/E Ratio
9.90

Key Personnel

John Kingman
Chairman
Jeff Davies
Chief Financial Officer
Michelle Scrimgeour
Chief Executive Officer

Stock Details

EPIC
LGEN
ISIN
GB0005603997
Shares in Issue
5,965.54m
Market cap
£12,491.84m
Sector

Analyst Views (2)

Strong Buy
 
0%
Buy
 
0%
Hold
 
50.00%
Sell
 
50.00%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
209.40p
Bid Price
149.00p
Ask Price
303.00p
Volume
32,913,768
Change Today
-6.20p
% Change Today
-2.88%
Open
205.50p
Previous Close
209.40p
Intraday High
210.20p
Intraday Low
195.70p
52 Week High
318.40p
52 Week Low
138.60p
52 week high and low figures quoted above are calculated from intraday price data.

Legal & General Group News

Legal & General FY profits driven by bulk annuity sales 04 Mar 2020 | 08:38 Wednesday preview: Bank of Canada, Legal&General in focus 03 Mar 2020 | 16:56 Monday broker round-up 10 Feb 2020 | 13:50 Legal & General announces debt issuance 19 Nov 2019 | 10:50 Tate & Lyle agrees ?930m pension de-risking deal with L&G 19 Sep 2019 | 07:26 Legal & General agrees ?35m buyout of Edwards Wildman pension scheme 11 Sep 2019 | 08:05 Thursday broker round-up 05 Sep 2019 | 13:44 Legal & General profit rises as global annuity sales hit record 07 Aug 2019 | 07:51 Thursday broker round-up 06 Jun 2019 | 13:40 Legal & General sells general insurance arm to Allianz for ?242m 31 May 2019 | 07:18 Allianz said to near deal to buy L&G\'s home insurance business 29 Apr 2019 | 15:15 Deutsche Bank and UBS plot asset management merger 24 Apr 2019 | 12:30 L&G agrees first Canadian pension risk transfer deal 24 Apr 2019 | 10:03 Monday broker round-up 18 Mar 2019 | 16:10 JPMorgan ups Legal & General to 'neutral' after de-rating 18 Mar 2019 | 13:42 Legal & General results on target 06 Mar 2019 | 17:18 Wednesday preview: ADP jobs report, Legal&General in focus 05 Mar 2019 | 18:57 LGIM snaps up Columbia Threadneedle's European chief 25 Feb 2019 | 11:55 Wednesday broker round-up 20 Feb 2019 | 13:25 Tuesday broker round-up 08 Jan 2019 | 12:25 Direct Line said to be considering £400m bid for L&G division 19 Dec 2018 | 14:40 RBC forecasts outperformance for European insurers, wealth managers 11 Dec 2018 | 13:20 Sector movers: Sinking tide drags down all ships 07 Dec 2018 | 07:24 Legal & General lifts pensions risk transfers to £8.4bn 08 Oct 2018 | 09:16 Legal & General completes biggest ever UK bulk annuity with BA pension scheme 13 Sep 2018 | 07:57

Income Statement

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
15,203.00
12,843.00
Operating Profit/Loss
2,425.00
2,367.00
Net Interest
-269.00
-238.00
Pre-Tax Profit
2,156.00
2,129.00
Profit After Tax from continuing operations
1,787.00
1,765.00
Discontinued Operations
Profit After Tax
23.00
43.00
Profit/Loss for the Year
1,810.00
1,808.00
Attributable to:
Equity Holders of Parent Company
1,834.00
1,827.00
Minority Interests
-24.00
-19.00
Total Dividend Paid
17.5700p
16.4200p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2019
31 Dec 2018
Basic
30.53p
30.07p
Diluted
30.36p
29.92p
Adjusted
30.92p
30.79p
Dividend per Share
17.5700p
16.4200p

Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
298.00
57.00
Intangible Assets
64.00
65.00
Investment Properties
7,695.00
6,965.00
Investments
498,700.00
430,757.00
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
n/a
n/a
Cash at Bank & In Hand
13,923.00
17,321.00
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
34,117.00
32,615.00
Total Assets
560,607.00
492,517.00

Liabilities

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
n/a
n/a
Total Current Liabilities
n/a
n/a
Non-Current Liabilities
Borrowings
5,111.00
4,948.00
Provisions
1,591.00
1,469.00
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
6,702.00
6,417.00
Other Liabilities
467,166.00
412,741.00
Total Liabilities
551,185.00
483,865.00

Net Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Net Assets
9,422.00
8,652.00

Capital & Reserves

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Share Capital
149.00
149.00
Share Premium Account
1,000.00
992.00
Other Reserves
185.00
178.00
Retained Earnings
8,033.00
7,261.00
Shareholders Funds
9,367.00
8,580.00
Minority Interests/Other Equity
55.00
72.00
Total Equity
9,422.00
8,652.00

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
23 Apr 2020
04 Jun 2020
12.64p
Interim
15 Aug 2019
26 Sep 2019
4.93p
Final
25 Apr 2019
06 Jun 2019
11.82p
Interim
16 Aug 2018
27 Sep 2018
4.60p
Final
26 Apr 2018
07 Jun 2018
11.05p
Interim
17 Aug 2017
21 Sep 2017
4.30p
Final
27 Apr 2017
08 Jun 2017
10.35p
Interim
18 Aug 2016
22 Sep 2016
4.00p
Final
28 Apr 2016
09 Jun 2016
9.95p
Interim
13 Aug 2015
17 Sep 2015
3.45p

Dividend Metrics

Year End Date
31 Dec 2019
31 Dec 2018
Dividend growth
7.00%
6.97%
Dividend yield
5.80%
7.10%
Dividend cover
1.74
1.83
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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