Legal & General Executes Share Buyback, Cancels 3 Million Shares

Legal & General ( (GB:LGEN) ) has issued an announcement.

Legal & General Group Plc has repurchased 3,000,000 of its ordinary shares as part of its share buyback program announced in March 2025. This transaction, executed through Barclays Capital Securities Limited, will result in the cancellation of the repurchased shares, reducing the total number of shares in issue to 5,777,958,405. The buyback is part of the company’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 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 GB:LGEN Stock

According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.

Legal & General’s stock score is primarily impacted by its strong technical indicators and effective corporate actions such as share buybacks, which enhance shareholder value. However, financial performance issues, such as declining revenues and high leverage, present significant risks. Valuation concerns due to a high P/E ratio are offset by an attractive dividend yield.

To see Spark’s full report on GB:LGEN stock, click here.

More about Legal & General

Legal & General Group Plc operates in the financial services industry, providing a range of products including insurance, investment management, and retirement solutions. The company is focused on delivering financial security and investment opportunities to its clients, positioning itself as a leader in the UK market and expanding its influence globally.

Average Trading Volume: 25,484,606

Technical Sentiment Signal: Buy

Current Market Cap: £14.72B

See more insights into LGEN stock on TipRanks’ Stock Analysis page.