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Legal & General ( (GB:LGEN) ) has provided an update.
Legal & General reported a strong financial performance for 2024, with a 6% increase in core operating profit and core EPS, alongside a £500m buyback. The company is executing its growth strategy by simplifying its portfolio through major disposals and strategic partnerships, such as with Meiji Yasuda, and investing in new ventures like Taurus. This approach aims to enhance sustainable growth in its core businesses and return over £5 billion to shareholders over the next three years. The company’s robust financial metrics, including a Solvency II coverage ratio of 232% and a 34.8% operating return on equity, underscore its strategic focus on capital efficiency and shareholder value.
More about Legal & General
Legal & General Group Plc operates in the financial services industry, providing a range of products and services including institutional retirement solutions, asset management, and retail financial products. The company focuses on sustainable growth and enhanced returns, with a significant presence in the UK and international markets.
YTD Price Performance: 6.57%
Average Trading Volume: 16,639,856
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £14.28B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.