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Legal & General ( (GB:LGEN) ) has issued an announcement.
Legal & General Group has repurchased 8,087,004 of its ordinary shares between 23 and 27 March 2026 through its broker Barclays Capital Securities, with the shares to be cancelled as part of the share buyback programme announced earlier in March. Following settlement and cancellation, the total number of ordinary shares in issue will fall to 5,679,494,539, which will also represent the company’s total voting rights, marginally increasing existing shareholders’ proportional ownership and earnings per share.
The buyback was executed across multiple trading venues, including the London Stock Exchange and several alternative platforms, at volume-weighted average prices in the mid-230p to mid-240p range. The move underlines Legal & General’s ongoing capital management strategy, signalling confidence in its balance sheet and future cash generation while returning capital to investors through a reduced share count rather than holding shares in treasury.
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 across insurance, retirement solutions, and investment management. The company focuses on providing life assurance, pensions, and asset management products to retail and institutional clients, and is a major constituent of the London equity market.
Average Trading Volume: 24,027,377
Technical Sentiment Signal: Buy
Current Market Cap: £13.52B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.