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Legal & General ( (GB:LGEN) ) just unveiled an announcement.
Legal & General Group has repurchased 6,659,783 of its ordinary shares between 13 and 17 April 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The shares, acquired across multiple trading venues at prices broadly in the mid- to high-260 pence range rising above 270 pence, will be cancelled, reducing the company’s share count and leaving 5,662,331,182 ordinary shares in issue and voting rights outstanding.
The cancellation of the repurchased shares is expected to enhance earnings per share and signals management’s confidence in the company’s valuation and capital position. The move tightens the free float and may support shareholder returns, reinforcing Legal & General’s capital management strategy in a competitive UK financial services and asset management landscape.
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 company operating in insurance, asset management and retirement solutions. The group provides life insurance, pensions, savings and investment products to retail and institutional clients, with a significant presence in the London market and a focus on long-term savings and retirement income.
Average Trading Volume: 26,085,199
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.84B
See more data about LGEN stock on TipRanks’ Stock Analysis page.