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Legal & General ( (GB:LGEN) ) has provided an announcement.
Legal & General has repurchased 28,721,089 ordinary shares between 27 April and 1 May 2026 through its broker Barclays Capital Securities, as part of the share buyback programme launched in March. The repurchased shares will be cancelled, reducing the number of shares in issue to 5,614,273,954 and maintaining the same figure for voting rights, signalling continued capital return to shareholders and a tighter equity base.
The transactions were executed across several trading venues, including the London Stock Exchange’s main market and multiple alternative platforms, at prices broadly in the mid-200 pence range. By shrinking its share count and confirming that no shares are held in treasury, Legal & General reinforces its capital management strategy, which may support earnings per share and underscores management’s confidence in the company’s valuation.
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 group operating across insurance, retirement products and investment management. The company focuses on providing savings, protection and pension solutions, serving retail customers and institutional investors in its core domestic market and internationally.
Average Trading Volume: 29,437,481
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.19B
For an in-depth examination of LGEN stock, go to TipRanks’ Overview page.