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LGGNY / Legal & General: Under-Appreciated Insurance Titan With Solid 8.6% Dividend Yield

Legal & General: Under-Appreciated Insurance Titan With Solid 8.6% Dividend Yield
Legal & General is undervalued, trading at a 27.7% discount to fair value based on DCF analysis, with a PE of 6.6 and an 8.6% dividend yield covered twice by earnings. The company has sustained an 11% CAGR in earnings and dividends for over 10 years, but concerns over new leadership and macroeconomic factors may be affecting its stock price. Two suggested investment strategies include outright purchase of the equity or buying an equity position and systematically covering it when the stock is below the 185-day moving average. Read More
Posted: Jun 28 2023, 07:43
Author Name: Seeking Alpha
Views: 110497

LGGNY News  

We Ask Ourselves Why Legal & General's Share Price Is Not Higher

By Seeking Alpha
October 18, 2023

We Ask Ourselves Why Legal & General's Share Price Is Not Higher

Legal & General Group's share price has decreased by 14% since March and is now lower than it was in 2013. Valuation does not seem to be a valid reaso more_horizontal

Legal & General lacks near-term catalysts, says broker

By Proactive Investors
October 4, 2023

Legal & General lacks near-term catalysts, says broker

Legal & General Group PLC could lack a spark until its new boss arrives in the New Year, according to Jefferies, whcih has downgraded the insurer t more_horizontal

Legal & General Group Plc (LGGNY) Q2 2023 Earnings Call Transcript

By Seeking Alpha
August 17, 2023

Legal & General Group Plc (LGGNY) Q2 2023 Earnings Call Transcript

Legal & General Group Plc (OTCPK:LGGNY) Q2 2023 Results Conference Call August 15, 2023 5:30 AM ET Company Participants Nigel Wilson - CFO Stuart Davi more_horizontal

Legal & General falls on lack of buy-back

By Proactive Investors
August 15, 2023

Legal & General falls on lack of buy-back

L&G shares fell despite a decent reaction to its latest numbers from City analysts. The life and general insurer operating profit in the six months to more_horizontal

Legal & General on track as annuity sales bolster profits

By Proactive Investors
August 15, 2023

Legal & General on track as annuity sales bolster profits

Legal & General Group PLC (LSE:LGEN) remained confident of hitting its targets after boosting the dividend by 5% and reporting better-than-expected o more_horizontal

Legal & General and 888 update investors on Tuesday

By Proactive Investors
August 14, 2023

Legal & General and 888 update investors on Tuesday

Legal & General share buyback potential adds interest for interims First off the block among the life insurers is Legal & General Group PLC (LSE:LGEN more_horizontal

Chance of Legal & General share buyback adds interest for interims - analyst

By Proactive Investors
August 11, 2023

Chance of Legal & General share buyback adds interest for interims - analyst

Legal & General Group PLC (LSE:LGEN) results offer the possibility of a new share buyback announcement, according to UBS. The FTSE 100 life insurer is more_horizontal

Legal & General shares: Downgraded price target but still rated 'overweight'

By Proactive Investors
August 1, 2023

Legal & General shares: Downgraded price target but still rated 'overweight'

Investors may be concerned to see that JPMorgan has downgraded the share price target for Legal & General Group PLC (LSE:LGEN) to 315p from 355p. How more_horizontal


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