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Legal & General Group(LGEN)

Sector:

Life Insurance

Index:

FTSE 100

Market Cap

£5,652m

Change Today

Price Down-4.80p

Share Price

94.50p

LGEN 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.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 6.3% 6.5%
Div Cover 1.9 2.1
Op Mrgn 21.1% 20.0%
ROCE 10.8%  

Valuation

Latest F'cast
P/E 8.4 7.2
PEG n/a 0.4
Pr/Revenue 1.2 1.2
Pr/Book 1.0  

Growth

Latest F'cast
Revenue 11.8% 1.1%
PBT -58.8% 22.0%
EPS -53.4% 16.5%
DPS 7.6% 7.0%

LGEN Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a5,580.00 a469.00 6.22p 16.1 n/a n/a 4.90p 4.9%
31-Dec-04 3,714.00 789.00 6.82p 16.1 1.6 +10% 5.06p 4.6%
31-Dec-05 4,084.00 1,589.00 14.33p 8.5 0.1 +110% 5.28p 4.3%
31-Dec-06 4,286.00 1,929.00 24.12p 6.5 0.1 +68% 5.55p 3.5%
31-Dec-07 4,793.00 795.00 11.24p 11.6 n/a -53% 5.97p 4.6%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

LGEN Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 4,844.88 969.97 13.10p 7.2 0.4 +16% 6.39p 6.5%
31-Dec-09 5,232.47 1,093.87 14.43p 6.6 0.7 +10% 6.86p 7.0%

Covering analysts: Bernstein Research, Citigroup Investment Research, Collins Stewart, Daiwa Research Institute, Goldman Sachs, Lehman Bros, Merrill Lynch, Morgan Stanley, Panmure Gordon, Société Générale, UBS

LGEN Company Announcements

Holding(s) in Company 04-Jul-2008 17:32 RNS
Transaction in Own Shares 04-Jul-2008 17:17 RNS
Holding(s) in Company 04-Jul-2008 14:12 RNS

LGEN ShareCast News

Sunday's newspaper round-up: Marks & Spencer, Mi... 06-Jul-2008 ShareCast
FTSE 100 movers: Friends Provident suffers Lomba... 04-Jul-2008 ShareCast
London close: Insurers lead decline 04-Jul-2008 ShareCast

LGEN Top Newspaper Links

B&B's big four investors want Cowdery back 06-Jul-2008 Independent on Sunday
Marks & Spencer faces City's biggest revolt 06-Jul-2008 Sunday Times
B&B sinks ever lower as investors play the blame... 05-Jul-2008 The Independent

Latest LGEN Director Deals

Traded Action Notifier PriceAmountValue
01-Jul-08 Buy Claire Davies 96.20p 151 £145.26
01-Jul-08 Buy John Pollock 96.20p 150 £144.30
01-Jul-08 Buy Catherine Rosemary Reid Avery 96.20p 151 £145.26

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

LGEN Market Data

Currency UK Pounds
Share Price 94.50p Price Down
Change Today -4.80p
52 Week High 155.30p
52 Week Low 93.60p
Volume 24,456,400
Shares Issued 5,981m
Market Cap £5,652m
Beta 1.07
RiskGrade 161

LGEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.73% above the market average69.73% above the market average69.73% above the market average69.73% above the market average69.73% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
30.92% below the market average30.92% below the market average30.92% below the market average30.92% below the market average30.92% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Income
68.74% above the market average68.74% above the market average68.74% above the market average68.74% above the market average68.74% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
73.73% below the market average73.73% below the market average73.73% below the market average73.73% below the market average73.73% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 5
Sell 0
Strong Sell 3
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LGEN Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-08 05-Sep-07
Paid 19-May-08 01-Oct-07
Amount 4.10p 1.87p

Trades for 04-Jul-2008

Time Volume / Share Price
16:35 2,674,396 @ 94.50p
16:29 200,000 @ 94.10p
16:29 4,254 @ 94.00p
16:29 4,042 @ 94.00p
16:29 4,400 @ 94.10p

LGEN Key Personnel

CEO Tim J Breedon
Finance Director Andrew W Palmer
Chair Sir Robert J Margetts

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