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Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group has repurchased 2,992,834 of its ordinary shares between 12 and 13 March 2026 through its broker Barclays Capital Securities, at prices ranging roughly from 240.80p to 249.50p across multiple trading venues. The company will cancel these shares, reducing its total ordinary shares in issue to 5,694,752,844 and confirming that no shares are held in treasury.
The transactions form part of the share buyback programme announced on 11 March 2026, signalling an ongoing return of capital to shareholders and a tightening of the company’s equity base. The reduced share count increases the proportionate voting rights of existing holders and may support earnings per share over time, underlining management’s confidence in the group’s capital position and long-term prospects.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £285.00 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.
Legal & General’s overall stock score reflects a mix of financial challenges and positive market sentiment. The company’s financial performance is a concern due to declining revenues and cash flow issues. However, technical indicators show bullish momentum, and corporate events suggest confidence in future growth. The high P/E ratio indicates overvaluation, but the attractive dividend yield provides some balance.
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, investment management and retirement solutions. Listed in London, it serves retail and institutional clients, and is a major player in life insurance, annuities and asset management, with a strong presence in the domestic and international capital markets.
Average Trading Volume: 20,494,417
Technical Sentiment Signal: Buy
Current Market Cap: £13.86B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.