LEGAL & GENERAL GROUP ORD GBP0.025
Symbol: LGEN
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Company
Business Summary
Legal & General Group Plc is a United Kingdom-based financial services provider. The Company operates its business across retirement, investment management, capital investment and insurance sectors. Its segments include Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC) and Legal & General Insurance (LGI). LGR segment is engaged in pension risk transfer business, including longevity insurance and retail retirement, workplace savings and lifetime mortgage loans. LGIM segment is engaged in institutional and retail investment management business. LGC segment manages shareholder assets invested in direct investments primarily in the areas of specialist commercial real estate, clean energy, housing and small and medium enterprises (SME) finance, as well as traded and treasury assets. LGI segment includes the United Kingdom and United States retail protection business, and United Kingdom group protection and fintech business.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2021, Legal & General Group Plc revenues decreased 10% to £44.62B. Net income before extraordinary items increased 56% to £2.05B. Revenues reflect LGC and Other segment decrease of 86% to £1.72B, LGR segment decrease of 60% to £5.96B. Net income reflects LGC and Other segment income increase of 68% to £461M, LGI segment income increase of 42% to £268M, Group Expenses segment loss decrease of 5% to £395M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
31/12/2017 |
31/12/2016 |
---|---|---|---|---|---|---|
Total Revenue | 44,620.00 | 49,465.00 | 66,049.00 | 195.00 | 40,491.00 | 72,618.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 2,632.00 | 1,499.00 | 2,156.00 | 2,129.00 | 2,061.00 | 1,517.00 |
Profit Before Tax | 2,632.00 | 1,499.00 | 2,156.00 | 2,129.00 | 2,061.00 | 1,517.00 |
Profit After Tax | 2,043.00 | 1,281.00 | 1,787.00 | 1,765.00 | 1,576.00 | 1,174.00 |
Equity Holders of Parent Company | 2,050.00 | 1,607.00 | 1,834.00 | 1,827.00 | 1,891.00 | 1,258.00 |
Minority Interest | -31.00 | 5.00 | 79.00 | 91.00 | 65.00 | 331.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
31/12/2017 |
31/12/2016 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 582,638.00 | 570,565.00 | 560,607.00 | 492,517.00 | NIL | 467,854.00 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 582,638.00 | 570,565.00 | 560,607.00 | 492,517.00 | 505,877.00 | 467,854.00 |
Total Liabilities | 571,695.00 | 560,599.00 | 551,185.00 | 483,865.00 | 497,958.00 | 460,571.00 |
Total Net Assets | 10,943.00 | 9,966.00 | 9,422.00 | 8,652.00 | 7,919.00 | 7,283.00 |
Shareholders Funds | 10,981.00 | 9,997.00 | 9,367.00 | 8,580.00 | 7,843.00 | 6,945.00 |
Minority Interests | -31.00 | 5.00 | 79.00 | 91.00 | 65.00 | 331.00 |
Total Equity | 10,943.00 | 9,966.00 | 9,422.00 | 8,652.00 | 7,919.00 | 7,283.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy10 |
Buy1 |
Neutral5 |
Sell0 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 10 | 1 | 5 | 0 | 1 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
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Forecasts
Year | 2023 |
---|---|
Revenue | £10,526.30mn |
Pre-tax-Profit | £2,569.83mn |
EPS | £0.34p |
EPS Growth | 4.10% |
P/E | 7.78 |
PEG Ratio | 1.90 |
Dividend | 20.34p |
Yield | 7.63% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
8th Aug 2022 | JP Morgan Cazenove | Upgrade | 272p | 325p | 365p | Overweight |
8th Aug 2022 | Barclays | Reiteration | 272p | 380p | 380p | Overweight |
27th Jul 2022 | Berenberg Bank | Upgrade | 257p | 343p | 345p | Buy |
21st Jul 2022 | JP Morgan Cazenove | Reiteration | 259p | 325p | 325p | Neutral |
20th Jul 2022 | Barclays | Reiteration | 255p | 400p | 380p | Overweight |
8th Jul 2022 | Barclays | Reiteration | 244p | 400p | 400p | Overweight |
6th Jul 2022 | JP Morgan Cazenove | Reiteration | 233p | 325p | 325p | Neutral |
28th Jun 2022 | Barclays | Reiteration | 251p | 400p | 400p | Overweight |
27th May 2022 | RBC Capital Markets | Reiteration | 262p | 0p | 330p | Outperform |
11th May 2022 | Morgan Stanley | Reiteration | 243p | 0p | 0p | Equal-weight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
9 Aug 2022 | 11:42 | 269.5997 | 1,815 | Buy |
9 Aug 2022 | 11:42 | 269.8 | 186 | Sell |
9 Aug 2022 | 11:42 | 269.8 | 497 | Sell |
9 Aug 2022 | 11:42 | 269.7 | 1,624 | Sell |
9 Aug 2022 | 11:41 | 269.9 | 38 | Sell |
9 Aug 2022 | 11:41 | 269.9 | 275 | Sell |
9 Aug 2022 | 11:41 | 269.9 | 986 | Sell |
9 Aug 2022 | 11:41 | 269.9075 | 1 | Sell |
9 Aug 2022 | 11:41 | 270 | 1,063 | Buy |
9 Aug 2022 | 11:41 | 270 | 982 | Buy |
9 Aug 2022 | 11:41 | 269.6983 | 11,154 | Sell |
9 Aug 2022 | 11:41 | 269.7 | 334 | Buy |
9 Aug 2022 | 11:41 | 269.7 | 680 | Sell |
9 Aug 2022 | 11:40 | 269.5998 | 90 | Sell |
9 Aug 2022 | 11:40 | 269.57 | 1 | Buy |
9 Aug 2022 | 11:40 | 269.6 | 1,566 | Sell |
9 Aug 2022 | 11:40 | 269.5 | 808 | Sell |
9 Aug 2022 | 11:40 | 269.7 | 24 | Sell |
9 Aug 2022 | 11:39 | 269.6 | 768 | Sell |
9 Aug 2022 | 11:39 | 269.5 | 400 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.