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Legal & General ( (GB:LGEN) ) just unveiled an announcement.
Legal & General has repurchased 19,361,337 of its ordinary shares between 20 and 24 April 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The shares, bought across multiple trading venues at prices largely in the mid-250 to low-270 pence range, will be cancelled, reducing the number of shares in issue and leaving the company with 5,642,988,414 voting shares outstanding.
The cancellation of these shares effectively concentrates ownership among remaining shareholders and may enhance earnings per share and capital efficiency over time. The move underscores Legal & General’s ongoing capital management strategy and signals continued confidence in its balance sheet and future cash generation, although it does not constitute any offer or solicitation for securities.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £2.49 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 group operating in insurance, retirement solutions, asset management and savings products. The company focuses on providing long-term savings, investment and protection products to retail and institutional clients, and is a major participant in the UK and international capital markets.
Average Trading Volume: 27,742,234
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.1B
Find detailed analytics on LGEN stock on TipRanks’ Stock Analysis page.