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The latest announcement is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc has repurchased 16,869,889 ordinary shares between 5 and 8 May 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The repurchased shares will be cancelled, reducing the total number of shares in issue to 5,597,414,347 and leaving no shares held in treasury, thereby setting the company’s total voting rights at the same figure and potentially enhancing earnings per share and capital return for investors.
The buyback transactions were executed across multiple trading venues, including XLON, BATE, TRQX, AQXE and CHIX, at volume-weighted average prices in the mid-240p to mid-250p range. This capital management move underscores Legal & General’s ongoing commitment to returning surplus capital to shareholders and may strengthen its market positioning by signalling confidence in the company’s balance sheet and future cash generation.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £185.00 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Spark’s Take on LGEN Stock
According to Spark, TipRanks’ AI Analyst, LGEN is a Neutral.
The score is held back mainly by weaker financial quality (margin compression, volatile cash generation, and higher leverage) and bearish technicals (price below key moving averages with negative MACD). A very high dividend yield provides partial support but is offset by a relatively elevated P/E given recent profitability.
To see Spark’s full report on LGEN stock, click here.
More about Legal & General
Legal & General Group Plc is a UK-based financial services company focused on insurance, savings, and investment management. The group operates across retail and institutional markets, providing life insurance, pensions, asset management, and retirement solutions, with a strong presence in the UK capital markets.
Average Trading Volume: 30,017,329
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.94B
See more data about LGEN stock on TipRanks’ Stock Analysis page.